Cryptocurrencies Price Prediction: Ethereum, SafeMoon & Bitcoin – American Wrap 20 July
Three reasons why Ethereum could rally to $2,000
Ethereum price touched the rally’s 61.8% retracement level and the June 26 low today before catching a soft bounce. The test of the formidable support aligned around $1,700 combined with an emerging overbought condition on a lower timeframe does project a bounce for ETH that may extend to $2,000 or more.
SafeMoon Price Forecast: SAFEMOON has no shelter, bound for a 30% drop
SafeMoon price has been coiling in a descending triangle formation since the May crash, with no high probability opportunities or upside momentum, reflecting a complete evacuation of investor interest. As descending triangles reflect a bearish bias among speculators, the outlook is tilted to the downside for the short-term.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets bleed as bulls prepare for final comeback
Bitcoin price has been on a steady downtrend since June 15, with an intermediate pump that peaked on June 29. As the descent progresses, BTC approaches a crucial support level that could be swept before kick-starting an upswing. Ethereum and Ripple have both followed the big crypto’s lead, but XRP price seems to have already triggered its upswing.
Author
FXStreet Team
FXStreet
