A crypto strategist warns that Dogecoin may fall and Ethereum’s price can move downwards. The XRP says that investors should pay attention if it falls below a certain price level.
It foresees more decreases for crypto strategist Doge!
Kriptokoin.comAs you have followed, the crypto market continues to follow a wavy course. The analyst named Cheds, first, says that if Dge lost a significant support area, he might witness a corrective movement of 33 %. In this context, the analyst said, “Dogge is $ 0.11 – $ 0.12.” says. Meanwhile, during the article, Dogge was traded for $ 0,166. In a strategy session, Cheds explains why Doge could fall potentially before hitting the bottom:
There is no reason to get excited about Doge. This is a bad graph. Apparently it will go to $ 0.11 and test it further. Doge has a really strong supply trend.
Source: Cheds/YouTubeThere are also decrease forecasts for ETH and XRP
The strategist looks second to the leader Altcoin Ethereum (ETH). The crypto strategist believes that ETH is going to the support of around $ 1,000 high -time framework. In this direction, the analyst said, “ETH has reached $ 1,400 at $ 1,840 at the moment. It will probably fall to $ 1,200-1,300. Then it is worth buying.” says. Meanwhile, ETH was traded for $ 1,863 during the article.
Finally, Cheds deals with Ripple’s local token XRP. Cheds says crypto currency is traded above $ 2 as long as bulls have superiority. However, if the XRP decreases below the key price level, investors should consider reducing the risk.
XRP Price Estimation and Analysis
The XRP price defended the support level in 2 dollars. Now, in good condition for rising due to the strong technical appearance and the purchasing activity of whales. The last on-achain data shows that it bought 9 million dollars equivalent to $ 18 million during the last drop of a Ripple whale. Such purchases show that whales may position themselves for a possible rise.
The purchase of the whale took place in the midst of the powerful view of the XRP 4 -hour price graph. The RSI line jumped from the over -selling zone and made higher bottoms. This shows that the procurement pressure gains some momentum and can prevent crypto money from falling to $ 1.5. At the same time, the XRP price exceeds the lower Bollinger band and tests the resistance in the middle band. If the XRP makes a stable break on this middle band, the next resistance will be $ 2.18. Breaking this level may cause the XRP price forecasts to increase by opening the way for gains exceeding $ 2.55.
