Cryptocurrency Forecast;There Is A Bottom In Place For Ethereum, XRP, and EOS

November 4, 2019

Contents ▾

Cryptocurrency Market Simmers, Waiting For Catalyst
Ethereum; Moving Up From A Bottom
Ruffle, XRP, Who Cares
EOS, At that place's A Bottom Live Here

Cryptocurrency Market Simmers, Waiting For Catalyst

With Bitcoin prices wallowing at their new support level traders are waiting for the next accelerator. The near likely perpetrator will be the halvening succeeding yr but that doesn't mean that aren't trades to be made in front then.

Ethereum; Moving Heavenward From A Bottom

Ethereum is consolidating supra its short-term moving average and looking for bullish. The world's "most advanced" cryptocurrency has formed a double-bottom reversal model and connected the threshold of supportive a full reversal in price action. Resistance is just in a higher place today's price fulfi at the $190/$200 and credible tested at least. MACD momentum is bullish but flaccid, the stochastic is where the action is like a sho. Stochastic is firing an entry signal that points to a retest of $200 and possible break to new highs. If $200 is broken a arise to $220 and $240 is likely.

Ripple, XRP, Who Cares

The folks o'er at Ripple say they have nobelium control over the token that drives their blockchain but so what? XRP or Gurgle it's still a token that no 1 really wants to own. The coin is display signs of a bottom here but they are weak. The coin is still well below resistance targets at the recent highs and screening bearish signals. XRP may find endure at the short-term moving intermediate and produce a leaping simply I'm not counting on information technology. Many promising, XRP leave drift sideways to lower until much more substantial news comes unstylish.

EOS, There's A Bottom In Play Here

If you want to feel a strike, token what-throw-you worth trading all you have to do is look at the charts. The chart of EOS is a select example. It is screening a much clearer denotation of bottom that XRP and that tells me this is a coin people want to own. EOS hit a new low in late September, touched sideways, and so moved higher to regain the upper side of the short-run-term EMA. This movement can be considered a double-bottom and/operating theater a tower-reversal expected to the ii far candles that formed at either side of the pattern. The caveat is the black eye is still early and weak, prices are swirling higher just have non yet touched higher up the double-bottom baseline. The baseline is just above now's price action near $3.50, a move above that would be rattling bullish. At that repoint I would expect to pick up EOS advancement to $4.00 and $4.50.