Price predictions for the top 10 cryptocurrencies in 2019. We take a look at Bitcoin, XRP, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Tron, Bitcoin SV, and Cardano and use technical analysis to expect wherein charges could cross.
Bitcoin [BTC] fee evaluation and prediction:
A examine the Weekly chart for Bitcoin in logarithmic shape shows that charge is trading at $3600.
Several similarities are significant among the 2014 “crash” and the 2018 one.
I am going to make this prediction with the choices assumption that the recovery will observe a comparable path.
Firstly, we are able to see that the choices RSI is at the bottom point hitherto, at 25.
Secondly, it took kind of the choices same amount of days (410) for the reason that all-time-excessive for the choices price to report an eighty three% drop and the RSI to fall to twenty-five.
Therefore, I trust we’re now in a comparable function we had been in at the beginning of 2015, denoted through the choices yellow arrow.
Furthermore, we can see that the MACD is dropping but has lost all of its power, indicating consolidation inside the marketplace.
Given this records, I agree with that charge will reach a maximum of $6000 in 2019, doing so by using consolidating for some time and finally observe a path much like the one mentioned via the green line.
XRP rate analysis and prediction:
A study the choices Weekly chart for XRP in logarithmic form shows that rate is buying and selling at $zero.31 and offers us two possible future eventualities.
We can see that price is buying and selling in a symmetrical triangle and has been doing so for the choices past 230 days.
The RSI is at 40, indicating neither overbought nor oversold situations.
Furthermore, the choices MACD has misplaced all of its power, and there was surely no movement for the choices beyond 6 weeks.
The first aid location is created by way of preceding lows at $0.15, even as the choices first resistance vicinity is at $1.2 formed by means of preceding highs and fib retracement lines.
Given this records, I agree with there are alternatives price scenarios in play.
I am working on the assumption that the moves succeeding the symmetrical triangle will take roughly the identical quantity of time as the motion within the triangle (230 days).
In the choices first one (inexperienced), price breaks out from the symmetrical triangle and follows the course outlined via the choices green line, sooner or later attaining $1.2.
In the second one (red) rate breaks down from the choices triangle and subsequently heads to the support place at $0.15 wherein it consolidates for a period of time.
The very last costs on both eventualities will arise someday round November 2019.
Ethereum [ETH] rate evaluation and prediction:
A have a look at the choices Weekly chart for Ethereum in logarithmic form shows us that fee is trading at $120 below areas of resistance.
We can see that the RSI turned into beneath 30, indicating oversold conditions.
Furthermore, the choices MACD has made a bullish cross and is going up.
Given this records, I consider that fee has bottomed and could start going up.
Since the choices drop from $350 until now has taken roughly 180 days, the upward circulate should take a comparable quantity of time.
Thus, I trust that price will in the end break the $one hundred sixty resistance and head for the choices important resistance at $350, earlier than retracing and consolidating in between the two stages.
This pass should ultimate until August 2019.
Bitcoin Cash [BCH] fee evaluation and prediction:
A study the choices Weekly chart for Bitcoin Cash in logarithmic shape indicates that price has fallen below the most important support place at $225 and is now buying and selling at $130.
The RSI was at 30, indicating oversold situations and the choices MACD has just made a bullish pass and is ready to go up.
However, the choices fee is below each the choices 7 and 21 period transferring averages.
The time it took for the choices price to fall from the all-time excessive to beneath the assist place at $500 become 315 days.
Therefore, I am making the assumption that the choices move again upward will take more or less the choices identical amount of time.
I agree with that charge will sooner or later smash the choices resistance area at $225 and flow to the alternative resistance area at $500.
This pass must lead to October 2019.
EOS rate analysis and prediction:
A take a look at the choices Weekly chart for EOS in logarithmic form suggests that charge fell underneath the choices resistance are at $3 then quickly got here lower back and verified it as resistance.
The RSI is at forty, indicating neither overbought nor oversold situations.
Price is trading under the choices 7 and 21 length transferring averages.
However, the choices MACD has stopped falling and is now prepared to make a bullish go.
Since it took roughly 2 hundred days for the choices charge to fall from the choices all-time excessive to $four.5, I am making the choices assumption that it will take more or less the choices equal quantity of time for the choices rate to move back to it.
This might coincide with the possible support trendline forming (stable green line).
Therefore, I accept as true with that charge will slowly pass as much as $4.five someday round July 2019.
Stellar Lumens [XLM] charge analysis and prediction:
A study the Weekly chart for Stellar in logarithmic shape indicates that price broke down from the aid area at $0.16-0.18 (which now acts as resistance) and is presently trading at $zero.1.
The next support location is at $0.07.
We can see that the RSI is at 40, indicating neither overbought nor oversold situations.
Furthermore, the choices MACD is dropping, albeit with less electricity.
Finally, we are able to see that it took 336 days for the choices price to fall from the ATH to the aid area at $0.sixteen.
Given this facts, I agree with that fee has not bottomed yet and will maintain to fall in addition till the subsequent assist area.
Afterward, the charge will eventually make an upward move and attain the resistance region at $zero.sixteen sometime in November-December 2019.
Litecoin [LTC] fee analysis and prediction:
A examine the choices Weekly chart for Litecoin in logarithmic shape suggests that fee has fallen all the way to the assist region at $0.25-zero.30.
The RSI changed into below 30, indicating oversold situations.
There MACD has made a bullish move and has created great bullish divergence.
There are numerous similarities between the 2014 drop and this one, and based totally on the choices value and length of the choices drop I agree with we are now at the choices identical factor we were in January 2015 denoted by using the choices yellow arrow.
Based in this information I agree with we can hit resistance at $60 at some point of the choices summer season, but fail to interrupt it in 2019.
Tron [TRX] price analysis and prediction:
A have a look at the Weekly chart for Tron in logarithmic shape indicates that price is following a descending help line and is currently trading at $zero.027.
The next resistance regions are at $zero.half and $zero.06 respectively. The RSI is at 50, indicating neither overbought nor oversold conditions.
However, the MACD has made a bullish pass and is sort of advantageous.
Price is above the 7-length shifting average but is dealing with resistance from the choices 21-period MA and the Ichimoku cloud.
Given this information and the period of the choices previous circulate, I consider the rate will in the end spoil the choices $0.1/2 resistance, and head to the alternative resistance area at $0.06, which coincides with the choices Ichimoku Cloud.
This pass should end in September 2019.
Bitcoin SV [BSV] charge analysis and prediction:
A take a look at the choices Daily chart for Bitcoin SV indicates that fee is buying and selling at $seventy four, close to the choices help location at $60-65.
Since the coin is extraordinarily new and there is not a number of facts the choices longest time body we are able to use is the choices daily one.
There is a few bullish divergence in the RSI, and the MACD is close to making a bullish pass.
Given this facts, I trust that fee will make a circulate upward closer to resistance at $one hundred via the choices quit of February the modern.
Cardano [ADA] price evaluation and prediction:
A examine the weekly chart for ADA in logarithmic form indicates that rate has fallen under all help areas, and the $zero.eleven-0.13 region now acts as resistance.
Price is currently buying and selling at $0.04. The RSI is at $42, indicating neither oversold nor overbought conditions.
The MACD is going up but now not wonderful yet.
Given this records and the period of the preceding downward flow, I believe the charge will make an upward move to the choices $0.eleven-zero.13 area of resistance in May 2019.
Bonus fee prediction: IOTA [MIOTA]
A study the Weekly chart in logarithmic shape for IOTA indicates that charge fell to the very last guide vicinity at $0.2 and is presently buying and selling at $0.3.
The RSI is at 38, indicating neither overbought nor oversold conditions.
Furthermore, the choices MACD has made a bullish pass and is transferring upward.
The subsequent resistance regions are at $0.four and $zero.95 respectively.
Given this information and the choices length of the choices previous downward circulate, I trust that charge will escape of the resistance at $0.four and move to the next resistance vicinity at $0.9 someday in June-July 2019.
Valdrin is an eager dealer, cryptocurrency enthusiast, and freelance author.
He specializes in technical analysis, indicators and charting publications.
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