Cryptocurrencies Price Prediction: Ethereum, Shiba Inu & Bitcoin – American Wrap 19 July
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto market red, but Simon says BTC may rally to $46,600
BTC is trading down near the psychologically important $30,000, but the governing pattern indicates that downside momentum has notably waned, nearing an important reversal. ETH is now down -20% after triggering an ascending wedge pattern on July 8. XRP continues to broaden the trading range, showing no spirit of reversing the downtrend as the June 22 low comes into view.
Ethereum price is under massive selling pressure as bears gain full control
ETH goes in for another negative open this week, for a third consecutive time. Selling pressure continues increasing behind ETH. Buying the dip looks to be the play to go for now. The level of patience that strategic buyers have with Ethereum will soon be met with an opportunity to pick up the ETH at some interesting buy levels. But for now, Ether looks prepared for a third consecutive week of losses.
Shiba Inu price at now-or-never moment as bulls walk on thin ice
Shiba is hovering above two critical support levels – $0.00000654 and $0.00000625. A breakdown of these levels might push it to retest the range low at $0.00000518. However, if SHIB slices through the immediate resistance level at $0.00000811, it will invalidate the bearish thesis. Shiba Inu has been on a downswing since July 6 after a failed attempt to slice through the high probability reversal zone.
Author
FXStreet Team
FXStreet
Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
