Cryptocurrencies Price Prediction: Ripple, Apecoin & Ethereum — Asian Wrap 05 October
|Why patience will help provide a better entry for XRP investors
XRP price consolidates within an ascending parallel channel. RIpple price shows less volume than the previous bull run, while the Relative Strength Index shows resistance. Invalidation of the countertrend thesis is a breach above $0.51.
ApeCoin price is likely to fall flat towards $4 for these reasons
ApeCoin price shows resistance under two crossing moving averages. APE price shows a tapering look on the Volume Profile pattern but breached extremely oversold territories on the Relative Strength Index. Invalidation of the bear trend remains at $6.15.
Ethereum breaches 11-month-old resistance as Fidelity raises $5 million with its new ETH Index Fund
The Ethereum Index Fund from Fidelity warranted a minimum investment of $50,000, with total sales reaching $5 million. The asset manager’s new Index Fund will track the Fidelity Ethereum Index PR and is only available to accredited investors.
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