Cryptocurrencies Price Prediction: Tezos, Elrond & Bitcoin — Asian Wrap 02 Sep
|Tezos Price Prediction: XTZ flips significant hurdle, eyes 40% advance
Tezos price showed no exhaustion as it rallied from July 22. After flipping a major hurdle into a support barrier, XTZ eyes to continue this uptrend. Tezos price rallied roughly 42% from August 26 to August 29, setting up a local top at $6.14. During this uptrend, XTZ flipped the $5.18 resistance barrier into a support floor, while the Momentum Reversal Indicator (MRI) flashed a sell signal in the form of a red ‘one’ candlestick.
Elrond Price Prediction: EGLD is on its way to $200
Elrond (EGLD) was on a rampage on August 30. After sellers seized control of the price action on August 20, buyers came back with a vengeance and ran the stops that sellers had placed just above the high of August 30. Even after that, the price has been trading higher, but a little bit of cautiousness is needed as a double top looks to be forming at $185.
Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches
$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry. Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years.
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