- Cena Bitcoin spadła do poziomu 43 090 dolarów, po czym wzrosła w stosunku do dolara amerykańskiego.
- Kurs powrócił powyżej 48.000 USD, ale napotyka przeszkody w pobliżu 55 prostej średniej kroczącej (4-godzinnej).
- Na wykresie 4-godzinnym pary BTC/USD formuje się kluczowa niedźwiedzia linia trendu z oporem w pobliżu 49 000 USD (dane z Coinbase).
- Para prawdopodobnie rozpocznie silny wzrost, jeśli nastąpi wyraźne przełamanie powyżej 50 000 USD.
Cena Bitcoina rozpoczęła korektę wzrostową z poziomu 43 000 USD w stosunku do dolara amerykańskiego. BTC musi wyczyścić 49 000 USD i 50 000 USD, aby rozpocząć świeży rajd w najbliższym czasie.
Analiza ceny Bitcoin
W ciągu ostatnich kilku dni, cena Profit Revolution stale spadała poniżej 52.000 USD w stosunku do dolara amerykańskiego. BTC przełamał nawet strefę wsparcia 50.000 USD i osiadł poniżej 55 prostej średniej kroczącej (4-godzinnej).
Para handluje tak nisko jak $43,092 przed rozpoczęciem korekty wzrostowej. Odbiła się ona powyżej poziomów oporu 45 000 USD i 46 000 USD. Nastąpiło również przełamanie powyżej kanału spadkowego z oporem w pobliżu 47 000 USD na wykresie 4-godzinnym pary BTC/USD.
Para wybiła się nawet ponad poziom 50 000 USD, ale z trudem pokonała 55 prostą średnią kroczącą (4-godzinną). W pobliżu 50 270 USD uformowało się maksimum, a para obecnie koryguje się niżej. Para handluje poniżej poziomu 23,6% Fib retracement ostatniej fali od dołka 43 092 USD do wyżu 50 271 USD.
Na tym samym wykresie znajduje się również kluczowa niedźwiedzia linia trendu z oporem w pobliżu 49.000 USD. Aby rozpocząć silny wzrost, para musi przełamać opór linii trendu, 49.000 USD oraz 55 prostą średnią kroczącą (4-godzinną).
Następny kluczowy opór znajduje się w pobliżu poziomu 50.000 USD, powyżej którego byki prawdopodobnie przejmą kontrolę. I odwrotnie, może dojść do kolejnego spadku poniżej wsparcia 48.000 USD.
Kolejne kluczowe wsparcie formuje się w pobliżu poziomu 46 600 USD. Znajduje się ono w pobliżu poziomu 50% zniesienia Fib ostatniej fali od dołka 43 092 USD do maksimum 50 271 USD. Jakiekolwiek dalsze straty mogą spowodować ruch w kierunku poziomu 45 000 USD.
Patrząc na wykres, cena Bitcoin wyraźnie napotyka przeszkody w pobliżu 49.000 USD oraz 55 prostej średniej kroczącej (4-godzinnej). Ogólnie rzecz biorąc, cena prawdopodobnie rozpocznie silny wzrost, jeśli nastąpi wyraźne przebicie powyżej 50 000 USD.
Wskaźniki techniczne
4-godzinny MACD – MACD powoli nabiera rozpędu w byczej strefie.
4-godzinny RSI (Relative Strength Index) – RSI znajduje się obecnie powyżej poziomu 50.
Kluczowe poziomy wsparcia – 48 000 USD i 46 600 USD.
Kluczowe poziomy oporu – 49 000 USD, 50 000 USD i 55 000 USD.
Houders van DMG-tokens gaan naar Twitter om te rouwen omdat hun bezit met 75% crasht
DeFi Money Market, een van de eerste projecten die tot doel hadden real-world activa in de keten te brengen, kondigde gisteravond abrupt aan dat het „zijn activiteiten heeft gestaakt“.
„Als resultaat van regelgevende onderzoeken stopt DMM“, luidt een verklaring op de website van het project. „[…] DMM betreurt de noodzaak van deze actie en wil de DMM-gemeenschap bedanken voor haar steun en actieve deelname aan dit project.“
De website gaf gebruikers instructies over het inwisselen van rendementsdragende mTokens en zei dat de opbrengsten voor de tokens op 10 februari zouden dalen tot 0%.
„We weten zeker dat u vragen heeft, maar helaas kunnen we op dit moment geen vragen beantwoorden“, voegt de verklaring eraan toe.
Het project bevestigde de sluiting ook in een paar Tweets:
Samen met RealT en andere tokenisatieprojecten voor onroerend goed, was DMM een van de eersten die probeerde real-world assets naar het DeFi-landschap te brengen. Ze boden meer dan 6% rentetarieven op hun tokens, ondersteund door echte autoleningen. Het project werd gelanceerd met de steun van een op maat gebouwd Chainlink-orakel en de steun van miljardair-investeerder Tim Draper .
Sommigen hebben gespeculeerd dat de regelgevende controle waarnaar het team verwijst in de aankondiging mogelijk verband houdt met de mislukte tokenlancering . Kort na hun symbolische verkoop waren er rapporten dat documenten die het bedrijf had geüpload om te bewijzen dat de leningondersteuning onbedoeld de identiteit van leninghouders onthulde.
De aankondiging heeft geleid tot een plotselinge daling van het DMG-governance-token van DeFi Money Market. DMG handelt momenteel tegen $ 0,093 cent na een daling van $ 0,53 highs gisteravond.
Er kan echter enige hoop zijn voor houders. In de verklaring van DMM zei het project dat „een extra fonds met beschikbare activa wordt opgericht om de aflossing van DMG-tokens te vergemakkelijken“, en dat meer informatie over dit fonds „zal volgen“.
Bitcoin is geen bubbel meer, zegt de CEO van Amber Group
Bitcoin zal nog steeds opmerkelijke waardeschommelingen hebben, maar het valt buiten het bubbelgebied, aldus Michael Wu.
A number of entities have called Bitcoin (BTC) a bubble since its inception roughly 12 years ago. Michael Wu, CEO of digital asset financial services outfit Amber Group, thinks otherwise, however.
“I think it’s always like this when people come into a new paradigm shift,” Wu said in a CNBC interview on Thursday, referring to the concept of Bitcoin as a bubble. “People start with doubts, with skepticism — it’s very natural because they will have to take time to understand what’s new there, is it sustainable,” he said, adding:
“In the early stage, that kind of understanding, that kind of skepticism, always comes with a lot of price volatility. However, I don’t think you can call Bitcoin a bubble anymore, because, like I mentioned earlier, you have all these institutions, all these billionaires, multi multi-billion-dollar listed companies, all these, you know, all these newcomers into crypto. They’re buying Bitcoins, they’re buying crypto and there are only 21 million Bitcoins out there.”
References to large mainstream players buying Bitcoin has become much more common in recent months. Microstrategy allocated more than $1 billion to Bitcoin in 2020. MassMutual put $100 million into BTC sometime thereafter, and Square later came in as welwith $50 million.
Rationale for Bitcoin’s long-term price rise includes its limited supply matched with significant interest in the asset, Wu explained. “There will be price volatility, there will be short-term price corrections,” he added. “Sometimes these price corrections can be violent, but I think we’ve passed the stage of calling Bitcoin a bubble anymore.”
Wu also commented on BTC and its store of value role, similar to gold. Bitcoin has seen its fair share of comparisons against gold over the years. “The worst case scenario of Bitcoin is still a better form of gold,” he said.
On Wednesday, Wu’s company Amber Group announced that Annabelle Huang, one of the firm’s partners, had been given the task of furthering institutional and retail involvement. Amber Group “appointed partner, Annabelle Huang, to lead GlobalX Center, a strategic global expansion team established to grow the company’s institutional and retail product offerings in regions including South Korea, Japan, Hong Kong, Singapore, Taipei, North America and more,” said a statement provided to Cointelegraph.
Africa’s largest economy has become a stronghold for the adoption of cryptomoreds.
Nigeria’s Federal Ministry of Finance would be negotiating with the country’s securities regulator to develop a new regulatory framework for blockchains and cryptomorphs – a move that could accelerate adoption in Africa’s largest economy.
Business Day, a Nigerian market intelligence publication, reported Tuesday that the Ministry of Finance is working with the Abuja Securities and Exchange Commission (SEC) to „provide a regulatory environment for blockchain and digital assets. The publication quotes Ministry adviser Amstrong Takang speaking at an industry event in Lagos on Tuesday.
Digital assets are recognized as commodities and governed by the appropriate securities law in Nigeria following the SEC’s impressive September edict on the subject. At the time, the SEC said its role was to regulate this new asset class, not to prevent adoption or innovation.
According to the Nigerian SEC:
„The overall purpose of regulation is not to prevent technology or stifle innovation, but to create standards that encourage ethical practices that ultimately contribute to a fair and efficient market.“
Bitcoin (BTC) and other cryptomorphs are witnessing a growing adoption in Nigeria as the country struggles with capital controls, devaluation and new protests against police corruption.
Nigerian authorities seem interested in adopting the blockchain, hoping to generate $10 billion in revenue from the new technology by 2030.
News regarding Bitcoin and cryptocurrencies is in constant turmoil. It can happen that vital information gets lost in the daily news flow and you miss important points.
This format is there to remedy that. We return to the news of the past week in the Crypto Weekly to keep you informed on the current situation of cryptocurrencies.
For this week’s must-see, we are pleased to welcome Maciej with his article “ Mesh network – Resistance to censorship continues for Bitcoin” , in which he explores the establishment of mesh networks in the case of Bitcoin.
Bitcoin’s resilience
Bitcoin (BTC) is often presented as an indestructible asset and network , from the perspective of its many followers. In comparison with other systems, its operating rate is among the highest , and it can easily play in the same court as Facebook, Google or even Amazon.
In fact, Bitcoin is approaching the gold standard when it comes to operating rates, the infamous Quadruple 9 (99.99%), while it is now hovering around 99.9857% at the time of writing. the article.
The reason Bitcoin is also resilient compared to other systems is its decentralized nature . Its network is supported by a perfect symbiosis of miners and full Bitcoin nodes.
Mesh Networks: The Future of Bitcoin?
Ultimately, all communication relies on a physical medium. Thus, to resolve the problem of centralizing the Internet infrastructure, it is necessary to create additional networks which will be added to it.
The mesh networks operate mainly in peer to peer and are connected so déhiérarchisée . Each node in the network must be able to relay the data transmitted to it to ensure the resilience of the network.
Used mainly in the military setting because of their easy and inexpensive deployment, mesh networks are highly efficient if it is a scalable network. As a result, soldiers deployed in hostile terrain could all have a transponder on them. The network being created between them would therefore change as they move around.
Please feel free to read the full article : Mesh network – Resistance to censorship continues for Bitcoin
The company is one of the world’s leading money managers and money security companies.
Founded in 1976, Prosegur is one of the world’s leading security companies. With an important move last Wednesday (18), Prosegur announced that it will take custody of Bitcoin.
Not only Bitcoin Profit will be able to be guarded by Prosegur, but other cryptomoedas as well. Based in Spain, Prosegur is a reference in the security sector and has activities in several countries, including Brazil.
Its specialty until then was the protection of fiduciary and mainly physical coins. However, the company inaugurated Prosegur Crypto, launching a novelty for companies.
The director president of the innovation will be Raimundo Castilla, carrying the mission of protecting the cryptomoedas of its clients. This, however, was not the first time that Prosegur has faced Bitcoin in its history.
Prosegur will do the custody of Bitcoin for companies interested in digital currency
Participants in the institutional market are increasingly interested in cryptomoedas in 2020. With this in mind, Prosegur has already rushed to launch a custody service for several cryptomaps.
Called Prosegur Crypto, the tool was launched last Wednesday at the company’s headquarters in Madrid. The company stated that the service will be important for institutional investors.
„The service is aimed at institutional customers who manage or invest in digital assets and require maximum security custody resources. Thus, Prosegur Crypto will offer its customers the possibility to store cryptomote or any other digital asset and manage it through a mobile application in a totally secure way“, stated Prosegur in a press release
In addition, Prosegur Crypto will store the private keys of the cryptomites in a military level structure. The keys will be without internet access, with encryption protection, among others.
The company guarantees that its solution will be useful for companies that purchase Bitcoin, but do not have safe places to store them. Prosegur Crypto’s CEO, Raimundo Castilla, commented that the initiative meets a growing market demand.
„Our platform meets a real and urgent need that exists in the market today. With this unique proposal, we offer a comprehensive and reliable custody solution with the level of protection and demand required by companies and institutions,“ said Castilla.
Prosegur then becomes the first security company to take custody of cryptomorphs. Besides Bitcoin, Prosegur will guard Ethereum, Tether, Ripple, Litecoin and Maker, among others. The company stated that any cryptomoeda will be able to be custodial in this structure.
The company was the target of a hacker attack that requested Bitcoin about a year ago
This is not the first time Prosegur has dealt with Bitcoin in its history. About a year ago, as announced by Livecoins, Prosegur was attacked by a ransomware that asked for Bitcoin as payment for the ransom.
At the time of the attack only the Prosegur headquarters in Madrid was attacked. The ransomware that infected the company was Ryuk, one of the most dangerous in the world.
After a few days, Prosegur’s digital security team restored the services. One year after that fateful incident, at last Prosegur innovates by making the custody of Bitcoin for its clients.
Bitcoin (BTC / USD) vandt terræn tidligt i dagens nordamerikanske session, da parret værdsatte 16325,99-området efter handel så lavt som 16085,00-området tidligere i den europæiske session, en test af 16092,69-området, der repræsenterer 38,2% retracement af nyere værdiansættelsesområde fra 15446,82 til 16491,92 og en test af området 16094,44, der repræsenterer 23,6% retracement af det styrkende område fra 14817,14 til 16489,00. Forhandlere observerer nogle nedadgående retracementniveauer relateret til styrkelsen fra 14310 til 16489,00, og disse inkluderer 15974,76, 15656,62, 15399,50, 15142,38 og 14824,24. Stop blev for nylig valgt over områderne 15611.52, 15634.39 og 15676.92. Under den nuværende markedsaktivitet overvåger forhandlere af Bitcoin Era niveauerne 15143.84, 15062.52, 14947.05, 14817.14 og 14703.57 som mulige områder med teknisk support. Yderligere nedadrettede niveauer inkluderer områderne 14922.33, 14753.84, 14596.34 og 14465.02. Yderligere upside-prismål inkluderer niveauerne 16690.89, 16815.04 og 16945.67.
Stop blev også for nylig valgt under 13609.26, 13451.74, 13224.44 og 13197.13 niveauer under den nylige tilbagetrækning, niveauer relateret til det nylige værdsættende interval fra 12785,00 til 13863,87. Længere under den nuværende markedsaktivitet følger forhandlere nøje med yderligere potentielle tekniske supportområder under tilbagetrækninger, og disse inkluderer niveauerne 14273.50, 14259.01, 14101.50, 13989.55, 13892.29, 13705.50, 13663.43 og 13594.42. Et andet vigtigt teknisk niveau inkluderer 11510.44-området, der repræsenterer 50% retracement af en historisk afskrivning fra 19891.99 til 3128.89. Chartister observerer, at 50-bar MA (4-timers) indikerer bullish over 100-bar MA (4-timers) og over 200-bar MA (4-timers). 50-bar MA (hver time) indikerer også bullish over 100-bar MA (hver time) og over 200-bar MA (hver time).
Prisaktivitet er nærmest 50-bar MA (4-timers) ved 15536.02 og 50-bar MA (Hourly) ved 16010.49.
Teknisk support forventes omkring 15459.71 / 15214.33 / 15062.52 med stop forventet nedenfor.
Teknisk modstand forventes omkring 16491.92 / 16690.89 / 16815.04 med stop forventet ovenfor.
På 4-timers diagram er SlowK Bearishly under SlowD, mens MACD er Bullishly over MACDA gennemsnit.
På 60-minuts diagram er SlowK Bullishly over SlowD, mens MACD er Bearishly under MACDAverage.
Lo stratega senior di Bloomberg Mike McGlone prevede che Bitcoin romperà il suo precedente record di 20.000 dollari.
-McGlone dice che gli eventi imprevisti potrebbero ribaltare il mercato a favore del bitcoin, portando ad un rally parabolico nel 2021.
Lo stratega di Bloomberg di lunga data Mike McGlone dice che il bitcoin supererà il suo precedente massimo storico di 20.000 dollari entro la fine del prossimo anno.
McGlone, un senior commodity strategist di Bloomberg Intelligence e regolare commentatore di crittografia, dice che il bitcoin è in procinto di superare il suo precedente ATH nel 2021.
In un tweet pubblicato il 9 novembre, McGlone ha detto che il pendolo oscillava favorevolmente verso il bitcoin raggiungendo i 20.000 dollari. Ha indicato i mercati dei tori „rinfrescati“ nel patrimonio del bitcoin e dell’oro, con un miglioramento anche dei fondamentali e delle basi tecniche.
Il pendolo oscilla favorevolmente verso i $2.000 #Oro, $20.000 #Bitcoin – I prezzi medi annuali sono a passo di marcia per raggiungere $2.000 l’oncia per l’oro e $20.000 per il Bitcoin nel 2021. Mercati toro rinfrescati nelle quasi valute, con un miglioramento dei fondamenti fondamentali e tecnici….. pic.twitter.com/Xgbyfmstzo
– Mike McGlone (@mikemcglone11) 9 novembre 2020
In un’intervista rilasciata all’inizio del mese a Financial Sense, McGlone ha detto che, per la prima volta nella storia, il bitcoin è diventato meno volatile rispetto al NASDAQ, che per la prima volta nella sua storia è diventato un NASDAQ tecnologico.
Lo stratega delle materie prime ha anche pubblicato il rapporto Crypto Outlook di Bloomberg del novembre 2020, che prevede che il bitcoin potrebbe diventare parabolico nel 2021 e rispecchiare la sua ascesa meteorica alla fine del 2017. Ha detto che era „solo una questione di tempo“ fino a quando un evento imprevisto non ha fatto ribaltare il mercato a favore del bitcoin.
Druckenmiller ha iniziato la sua carriera come analista azionario presso la Pittsburgh National Bank. Poi, nel 1981, ha fondato la società d’investimento Duquesne Capital Management, che ha avuto un ritorno positivo ogni anno fino a quando, nell’agosto 2010, ha deciso di abbandonare l’attività di hedge fund e di chiudere la sua azienda.
Secondo un rapporto pubblicato dal New York Times (NYT) il 18 agosto 2010, Druckenmiller ha scritto quanto segue in una lettera agli investitori per spiegare perché voleva smettere di essere un gestore di hedge fund:
„Ho dovuto riconoscere che competere sui mercati per un periodo di tempo così lungo impone pesanti costi personali“, ha scritto. „Mentre la gioia di vincere per i clienti è immensa, per me la delusione di ogni prelievo intermedio nel corso degli anni ha comportato un pedaggio cumulativo che non posso continuare a sostenere“.
Tra il 1988 e il 2000, Druckenmiller è stato il principale gestore del portafoglio di Quantum Fund, avviato da George Soros e Jim Rogers nel 1973. Nel 1992, questo hedge fund ha scommesso con successo 10 miliardi di dollari contro la sterlina britannica (GBP).
They even referred to cryptomeda as „an instrument of economic empowerment“.
In a surprising move, Square announced the acquisition of 4,709 Bitcoin (BTC) worth about US$50 million at the time of this article. The company’s co-founder, Jack Dorsey, has long been an advocate of Bitcoin and cryptomeda, with the company’s CashApp allowing its users to invest in Bitcoin.
The news comes months after another publicly traded company, MicroStrategy, decided to convert a portion of its fortune into Bitcoin. Today, the company owns 38,250 BTC and its CEO Michael Saylor has become one of Bitcoin’s most active advocates. Although MicroStrategy is a large company with a market capitalization of $1.5 billion, it is pale compared to Square, which has a market capitalization of $81 billion.
Square’s press release indicates that this change is a kind of ideology statement:
„Square believes cryptomoeda is an instrument of economic Crypto Bank empowerment and provides a way for the world to participate in a global monetary system that aligns with the company’s purpose.
On September 30, Dorsey criticized Coinbase CEO Brian Armstrong for his apolitical leadership:
Bitcoin (also known as „crypto“) is a direct activism against an unverifiable and exclusionary financial system that negatively affects much of our society. It is important, *at least*, to recognize and connect with the related social problems that its clients face daily. This leaves people behind: https://t.co/0LMlF1qcmG
The press release noted that investment represented approximately 1% of „Square’s assets at the end of the second quarter of 2020“. As of 30 June, the company’s total assets amounted to US$7.8 billion, so the acquisition may represent more precisely 0.64% of the company’s assets.
Nachdem Bitcoin Cash Anfang dieses Monats einen erheblichen Wertverlust verzeichnet hatte, hat sich der Preis im Verlauf der vergangenen Woche konsolidiert. In Übereinstimmung mit den Erwartungen des Altcoin-Marktes hatte der Rückgang von Bitcoin Revolution unter 10.000 USD insbesondere in der ersten Septemberwoche eine erhebliche rückläufige Stimmung bei Münzen wie Bitcoin Cash ausgelöst.
Zum Zeitpunkt des Schreibens wurde Bitcoin Cash zu 223 USD mit einer Marktkapitalisierung von 4,1 Mrd. USD gehandelt
In den letzten 24 Stunden verzeichnete BCH nach einem Handelsvolumen von 2 Milliarden US-Dollar einen leichten Anstieg um 0,7 Prozent.
Laut dem Stunden-Chart für Bitcoin Cash war die Preisaktion der Kryptowährung seit dem 10. September Teil einer absteigenden Dreiecksformation, und in der kommenden Tageszeit wird die Preisaktion wahrscheinlich nicht ausbrechen. Der Handelspreis von BCH zum Zeitpunkt der Drucklegung stand kurz davor, die Unterstützung bei 222 USD zu testen, ein Niveau, das kurzfristig auch das Kursziel für die Münze ist.
Sollte BCH jedoch in den kommenden Tagen eine zunehmende Aufwärtsstimmung feststellen, könnte sich die Kryptowährung ihrem unmittelbaren Widerstandsniveau [225 – 227 USD] nähern, ein Bereich, der in den letzten Tagen nur schwer zu durchbrechen war.
Unter Berücksichtigung der Indikatoren für BCH kann argumentiert werden, dass die Kryptowährung im Laufe der nächsten 24 Stunden innerhalb der Formation bleiben wird
Die MACD-Anzeige befand sich zum Zeitpunkt der Drucklegung kurz vor einer rückläufigen Frequenzweiche, und die Signallinie näherte sich der MACD-Linie, die sich derzeit darüber befand. Der RSI hingegen schien sich von der neutralen Zone weg und zurück in die überverkaufte Zone zu bewegen.
Wie bei vielen Altcoins des Marktes war die Korrelation mit Bitcoin für BCH ziemlich stark, und die Preisbewegungen der vergangenen Woche sind ein Beweis für diese Tatsache. Im vergangenen Jahr stieg die BCH-BTC-Korrelation von 0,72 auf 0,84, was BCH äußerst anfällig für die Schwankungen auf dem Bitcoin-Preismarkt macht.
Nachdem BCH einige Tage in der absteigenden Dreiecksformation verbracht hatte, sah es nach einem Ausbruch aus. In den nächsten 24 Stunden wird die Kryptowährung jedoch wahrscheinlich innerhalb der Formation bleiben und bei 222 USD in Richtung Support gehen. Wenn BCH jedoch von einer starken Aufwärtsstimmung überwunden wird, ist ein Preisausbruch, der auf den Widerstand bei 225 USD abzielt, sehr wahrscheinlich.
When does fear go away? Vanguard economist Shaan Raithatha explains why consumers are slow to trust and what the fear means for the economy.
After a significant price slump in the entire crypto market, the prices of Ethereum (ETH), IOTA (MIOTA) and Ripple (XRP) can for the time being break away from their lows. The coming days will show whether the correction has already ended or whether the bears will try to depress the market again.
Ether price turns at major support at $ 318.
Bullish target price of $ 439
EMA20 at $ 380 as first strong resistance.
Ethereum fell back to key support at $ 318 this week, marking a new low at $ 310. This was followed by a stabilization in the overall market, which caused the ether price to rise back to 367 US dollars. However, Bitcoin Era is currently trading below its moving average of the last 20 days (EMA20) (red). For now, the bears are still on the trigger.
If the bulls manage to move the Ethereum rate back above the EMA20 at $ 380 in a timely manner, a subsequent increase to around $ 409 should be planned. If the price can overcome this resistance as well, a renewed spike to around $ 440 is likely. Profit-taking should start again here. However, if investors can break this important upside resist, another bullish move to the resistance at $ 489 is conceivable. Only when this resist is dynamically overcome will the medium-term price target of 515 US dollars come back into focus. If the bulls manage to overcome the US $ 515 (resistance from July 2018) at the daily closing price, the Ether price could also approach the maximum price target of US $ 550.
The ether price has been able to recover noticeably in the last few days of trading, but as long as Ethereum is listed below the EMA20, the downside risks continue to outweigh. If the bears manage to cap the price below $ 380, another price drop to $ 318 is possible at any time. The moving average of the last 100 days (EMA100) (yellow) and the red horizontal support line are currently running in this area. If the bears manage to undercut this level at the daily closing price and also break the low of 310 US dollars, the price target is activated at 289 US dollars.
Open your crypto-friendly bank account now. Trade real cryptocurrencies such as BTC and ETH directly from your bank account within minutes. Hodl your Bitcoin in the income account and currently achieve 4.51% annual income with weekly payouts in BTC. Register now and secure a € 20 welcome bonus plus BTC-ECHO crypto compass.
Get your bonus now
This area should again call bullish investors on the scene, as the old annual high of February 2020 is here. As already mentioned , the course of Ethereum for the coming days will be decided in this important support area. If the bulls abandon $ 288, the correction is likely to expand. The price of Ethereum should then correct directly to the EMA200 (blue) at 277 US dollars. A break in this important support should cause the Ether price to slide immediately to the upper edge of the trend channel at 252 US dollars. If this support is also abandoned, a correction to the maximum bearish price target of 234 US dollars can be expected.
After a brief breakout below 45, the RSI in the daily chart is again in the neutral zone at currently 46. If the RSI falls below 45 again, this is another indication of a falling Ether price. This evaluation is supported by the activated sell signal in the MACD. From a weekly perspective, the situation is still bullish. Although both indicators are currently tending south, they continue to generate an active buy signal.
XRP price continues to trade in the pink support area.
EMA200 can prevent another price slide for the time being.
A rise above $ 0.255 could provide a boost
The price of Ripple could not escape the sell-off on the market as a whole, but managed to defend the EMA200 (blue) on a daily basis. This means that the XRP price continues to trade directionlessly in the area of the pink resistance area between EMA100 (yellow) and EMA200. At the moment, investors cannot decide which direction the XRP price will take in the coming days. Only when a new low is formed will the bears try again to push the course further.
If the bulls manage to get the price back above the resistance at $ 0.255, a retest of $ 0.283 is likely. If this mark is overcome dynamically and the XRP price rises back above 0.296 US dollars, investors can draw new courage. If the XRP price manages to cross the red downtrend line by the daily closing price, the first price target is 0.326 US dollars. If this strong resistance can also be broken sustainably upwards, a test of US $ 0.346 is conceivable as the maximum price target.
If the XRP price cannot sustainably stabilize above $ 0.256, a retest of the EMA200 (blue) at $ 0.234 is likely. If the bears soften this central resistance further, lower prices are to be planned in the coming days. If the bulls abandon the EMA200 at the close of the day, the bears will continue to attempt to push the price towards $ 0.218 and $ 0.207. If the overall market continues to be weak, a price slide in the direction of the important support areas at US $ 0.185 and a maximum of US $ 0.175 cannot be ruled out.
The RSI and MACD indicators continue to have active sell signals. If the RSI indicator rises back into the neutral area between 45 and 55, the bulls can scratch their hooves. Since further buy signals are also active on both indicators in the weekly chart, higher XRP prices are conceivable in the medium term.