Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap April 21
|Bitcoin Price Analysis: BTC/USD is sandwiched between the SMA 50 on the downside and SMA 20 on the upside
BTC/USD bounced up from the support provided by the SMA 50 to go from $6,838.84 to $6,897.66 and is consolidating in a triangle formation. The bulls will need to gather enough momentum to break past the resistance at the SMA 20, before testing the downward trending line.
Ripple Price Analysis: XRP/USD bulls stage a comeback following two straight bearish days
XRP/USD found support at the upward trending line and bounced up from $0.1817 to $0.1832. In the process, it broke past resistance at the SMA 20 curve. The bulls will want to next aim for the SMA 50 and then the downward trending line. The MACD indicates a reversal of bullish momentum.
Ethereum Price Analysis: ETH/BTC bulls take over, breaks past SMA 200
ETH/USD went up from $170.50 to $173.43 in the early hours of Tuesday. The price broke past the resistance offered by the SMA 200. The SMA 20 has crossed over the SMA 50 to chart the bullish cross pattern. The price is presently charting in an upward channel formation.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.