Bitcoin (BTC) loses approximately 5 %in the last three days, after Friday, around $ 97,400. Meanwhile, Ethereum (ETH) and Ripple (XRP) cannot recover and indicate more correction by rejecting lock levels. Crypto Analyst Manish Chhetri laids these 3 tokens on the table.
BTC Price Estimation: Bitcoin Bears target $ 90,000!
The price of Bitcoin declined to $ 91.231, experiencing a withdrawal. However, on Monday, it rapidly recovered and increased over $ 101,300. However, it could not survive and fell about 5 %in the next three days. During the article on Friday, BTC was traded for about $ 97,000. If BTC continues to correct, it may prolong the decline to test the level of $ 90,000, which is psychologically important.
The Relative Power Index (RSI) in the daily graph is rejected from below 50, which is the neutral level on Monday, and points to the decline momentum by taking the value of 44. In addition, the moving average convergence deviation (MACD) pointed out last week by showing a decrease tendency to make more corrections in the future. On the contrary, if the BTC recovers and finds around $ 100,000, it will prolong the recovery to re -test the highest level of $ 106.012 on January 31.
BTC/USDT Daily GraphicsETH Price Estimation: There is a drop for $ 1,905 on the table for Ethereum!
The price of Ethereum (ETH) faced a rejection around the trend line on February 1, and declined by 13.87 %to the next day, the next day, the psychologically important was closed below $ 3,000. On Monday, ETH declined and reached $ 2,125, but quickly recovered and closed for $ 2,879. In some of this, he could not survive and fell by almost 7 %over the next three days. During the article on Friday, he was around $ 2,715. If ETH continues to decline and closes below $ 2,359, it will extend the decline to test the next week’s support from $ 1,905.
With the value of RSI 33 in the daily graph, he approached 30, with an excessive level of sale, and pointed to a strong decline momentum. Macd continued to tend to decline last week, which shows that the decline tendency continues. However, if ETH is recovered, it may extend the recovery to test the $ 3,000 level.
ETH/USDT Daily GraphicsXRP Price Estimation: Bears are preparing for a movement towards $ 1.40!
The Ripple (XRP) price decreased below the rising trend line on February 2 and declined by 10.35 %, closed at $ 2.59 under its 50 -day EMA. On Monday, Ripple declined and fell to $ 1.77, but quickly recovered and closed for $ 2.70. However, he could not maintain his recovery, rejected from $ 2.72 with a daily resistance level and fell approximately 14 %in the next three days. During the article on Friday, he was around $ 2.35. Suppose that the XRP continues to withdraw and closed for $ 1.96 below its daily support. It may extend the decline to test the weekly support level for $ 1.40.
The RSI value in the daily graph shows 35 and progresses to 30 with an excessive level of sale, which indicates a strong decrease momentum. Macd continued to tend to decline last week. Therefore, this shows that the decline tendency continues. On the other hand, if the XRP is recovered, it may extend the recovery to test the daily resistance level for $ 2.72.
XRP/USDT Daily GraphicsThe opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
