Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) closed below the basic support levels. These tokens saw a significant decline on Monday. The technical appearance for all crypto currencies shows weak symptoms and indicates that the decline trend will continue. Crypto Analyst Manish Chhetri laids these 3 leading tokens on the table.
BTC Price Estimation: Bitcoin Bears Seized Leadership!
The price of Bitcoin went below the support level of 100 thousand dollars, and on Sunday, it was closed below the 50 -day mobile average (EMA) level of $ 98,611. During the article on Monday, it continues to be traded by 4.3 %of around $ 93,800. If BTC continues to correct, it can re -test its next important support at $ 90,000. A successful closing below this level will extend an additional decline to test the $ 85,000 level.
The relative power index (RSI) in the daily graph is read as 36 below 50 with its neutral level and points to a strong decline momentum by pointing downwards. In addition, the moving average convergence deviation (MACD) points to more correction by showing a decrease tendency. However, if the BTC finds around 90,000 dollars and recovered, it will prolong the recovery to re -test its 50 -day EMA for $ 98.611.
BTC/USDT Daily GraphicsETH Price Estimation: Ethereum is preparing to correct a strong correction!
The price of Ethereum (ETH) faced a rejection around the trend line on Saturday, and declined by 13.87 %to the next day, the next day, the psychologically important was closed below $ 3,000. During the article on Monday, it continues to be traded around $ 2,490 with a decrease of 13 %. If ETH continues to decline and closes below $ 2,359, it will prolong the decline to test the next week’s support at $ 1,905.
The RSI value in the daily graph is below 30 with 27 excessive selling levels. This points to a strong decline momentum. MACD continues to show a decline tendency that indicates that the decline tendency continues. On the contrary, if ETH finds support at $ 2,359 per day and recovers, it can prolong the recovery to test the $ 3,000 level.
ETH/USDT Daily GraphicsXRP Price Estimation: Set for a downward movement!
The Ripple (XRP) price fell below the rising trend line on Sunday and declined by 10.35 %, closed at $ 2,60 below its 50 -day EMA. During the article on Monday, it continues to be traded around $ 2.25 with a decrease of 12.60 %. If the XRP continues to retreat and closes below its daily support in $ 1.96, it may extend the decline to test the weekly support level for $ 1.40.
The RSI in the daily graphic indicates a strong decrease momentum around 30 with excessive sales levels. MACD continues to show a decline tendency indicating that the decline tendency continues. On the other hand, if the XRP finds support at $ 2.25 per day and recover, it can expand the recovery to test the 50 -day EMA at $ 2.60.
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.
