The price of Bitcoin has been consolidated between $ 94,000 and $ 100,000 for two weeks. After a slight decrease in ETH, ETH is traded around $ 2,390 on Wednesday. The XRP expands its decline after encountering $ 2.72 at the beginning of this week. Crypto analyst Manish Chhetri, These 3 leading crypto currencies are on the table.
BTC Price Estimation: Bitcoin BurnIt can solve the dilemma!
The price of Bitcoin went below $ 100,000 support on February 4, and since then it has been consolidated between $ 94,000 and $ 100,000. On Tuesday, the BTC declined and found support around the lower limit of the consolidated range. During the article on Wednesday, he is around $ 95,700. If the BTC breaks and closes the lower limit of the consolidated range of $ 94,000, it may prolong the decline to test the psychologically important $ 90,000 level.
The Relative Power Index (RSI) in the daily graph shows its value 42 consolidated after being rejected at 50 neutral level last week. This points to the slight decrease momentum. In addition, the average convergence deviation (MACD) pointed to further correction by showing a decrease tendency and red histogram sticks. However, if the BTC recovered and rises above the upper limit of the $ 100,000 consolidated range, it will expand the recovery to re -test the highest level on January 31.
BTC/USDT Daily GraphicsETH Price Estimation: M Omentum indicators show power symptoms
The price of Ethereum (ETH) faced a decline around the descending trend line on February 1, and 13.87 %fell to 13.87 %and closed below the $ 3,000 level, which was psychologically important. ETH continued to correct approximately 9 %of the following week. However, ETH prices showed a slight recovery of 1.3 %in the previous week. ETH is around $ 2,690 on Wednesday. If ETH continues to recover, it may expand the recovery to test the $ 3,000 level.
The RSI value in the daily graph showed less than 41 and last week’s excessive sale level and 30 signs of sales pressure. However, to maintain the rise momentum, RSI needs to be traded over 50, the neutral level. Such a development will add a tail wind to the recovery rally. In addition, the MACD indicator gave a tendency to rise in the daily graph last week and gave purchase signals and pointed to the future rise tendency. However, if ETH continues its decline and closes below $ 2,359, it will prolong its decline to test its next week’s support from $ 1,905.
ETH/USDT Daily GraphicsXRP Price Estimation: Bears target $ 1.96!
The Ripple (XRP) price rose by 14 %last week, on Friday, exceeding $ 2.72 per day and found support around this level on Sunday. However, the XRP closed below $ 2.72 support level on Monday and fell by 6 %until Tuesday. During the article on Wednesday, he is around $ 2.55. If the daily level of $ 2.72 remains resistance, it will prolong the decline to test the next support level at $ 1.96. In the daily graph, the RSI points to the decline momentum by reading 45 values below 50, which is the neutral level.
However, if the XRP closes over $ 2,72 and finds support, it will extend the rally to re -test the highest level on January 16th.
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.
