Cryptocurrencies Price Prediction: Ripple, OmiseGo & Ethereum – Asian Wrap 23 Feb

XRP/USD Price Prediction: Monthly ascending triangle defends XRP bulls

XRP/USD sellers attack the $0.5500 threshold during the latest pullback amid early Tuesday. In doing so, the ripple prices step back from a three-week-old ascending triangle’s resistance line. However, strong RSI conditions join 100-bar SMA and the stated triangle’s support near $0.5300, to challenge the XRP/USD bears.


OMG/USD Price Analysis: Bulls engaging the M & W-formations

The price of the cryptocurrency is testing the bull's commitments and there is a potential for a run back into daily resistance. The following illustrates the synergy between the daily and hourly chart that can help to identify a trading opportunity in the use of harmonic chart patterns, such as the M and W formaitons. 


Ethereum Price Prediction: ETH regains focus to $2,000

ETH/USD stays on the front foot, recently easing to $1,755, during the early Tuesday’s trading. In doing so, the altcoin keeps the recovery moves from the previous day’s heavy downtick that recalled two-week lows in a flash move. However, failures to slip beneath an upward sloping trend line from December 23 join a daily closing beyond 21-day SMA to favor the ETH/USD buyers.

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GRT risks freefall under $1 amid broad-based crypto declines

The Graph is teetering at $1.73 after its uptrend ran into a barrier around $2.9. Declines have been consistent within the confines of a descending parallel channel. Losing the middle boundary support has left GRT bears with open-air to explore.

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LINK bulls flee as broadening wedge pattern hints at a 50% drop

Chainlink price nears the end of an ascending broadening wedge pattern that forecasts a 50% drop. Transactional data shows that $17.8 could be an inflection point. If LINK price slices through this support, then a drop to $13 seems likely.

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XLM poised for massive 27% breakdown, as the technical picture worsens

Stellar has recently been rejected from the yearly high of $0.61. Bulls tried their best to secure higher support but failed in that task. XLM continues with the breakdown below a descending trendline that seems to have confirmed a triangle pattern on the 4-hour chart. 

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DOGE in trouble as multiple technical indicators scream sell

Dogecoin price hints at a 75% upswing as the bull flag pattern develops. A decisive close above $0.058 would indicate a start of a bullish breakout. Mounting selling pressure could invalidate crucial support at $0.047 and push it down by 20% to $0.037.

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Bitcoin Weekly Forecast: BTC journey to $100,000 might be easier than expected

This past week has been extremely beneficial for Bitcoin which jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship cryptocurrency to new highs.

Read the weekly forecast