Bitcoin, Ethereum and Ripple – rate analysis KW43 – sideways phase soon at the end

The tough sideways movement in the next round. Very long this will last but. The chart-technical Situation of the Top 3 Coins promises, at least.

Bitcoin (BTC/USD)

The significant upward movement in the Bitcoin price at 15. October was only a straw fire. It is a correction that brought the price of Bitcoin is almost back to breakout level and back in the range of $ 6,500 raised. The case of the end triangle is still active, but it's only a matter of time until the Bitcoin out of this. The course is just below the cloud of Ichimoku-Kinko-Hyo-indicator. This should be for the Bitcoin exchange rate at the current width, however, is no obstacle on the way to the top. Not so positive is the fact that the slide were not able to means to implement the short-term Long Signal from the last analysis and now have no usable Signal more supply.

Bullish variant:

The narrow cloud of the Ichimoku-Kinko-Hyo-indicator, the Bitcoin-to-beat rates. Thus, the only 180 of US will overcome-Dollar trend – and the trend away Backward, falling–. The price of Bitcoin rises above its high on 15. October was generated at 7,600 US dollars, and therefore stands at the wide resistance range, which is between 7.692 and 7.961 US Dollar. Price increases above US $ 8,000 associated with the following upside targets:

9.261 US Dollar9.726 US Dollar11.540 US dollar bearish variant:

The holds, the downward trend in the Bitcoin price rebounds to this. Significant weakness of the rate range increases, not even to test this. The course falls under the of 6,200 US dollars, and in the connection of the area to the 6,000 US-Dollar. Here is just a short-term stabilization and a return is made under 5.877 US dollars is completed, the Short scenario with the following objectives:

5.428 US Dollar4.872 US Dollar3.929 US Dollar3.300 US dollar Ethereum (ETH/USD)

The news in the Ethereum-course rather limited. For days, we see a fluctuation around the 200 US Dollar mark. The area thus forms quasi the "zero line". After the last of the presented variants were again and again for a tidy profit, well, there was need in this week, no action. The margin of the cloud of the Ichimoku Kinko Hyo indicator has now reduced significantly and currently amounts to just 9 percent. The upper edge runs currently at 248 US-Dollar – tendency falling. The moving averages Short ends are still "positioned" and so far, Ethereum has to counter-rate the.

Bullish variant:

The course does not run deep at 167 US dollars withstand, and will again. The moving averages to go into a Long Setup, rise above, and the course is in the range of 241 to 263 dollars. The cloud is outbid at the upper edge of the resistance area. An increase from the Ethereum course about 263 U.S. dollars, the target of 338 dollars. Further price increases are planned at the Overcome of 366 USD. The overall objective of the course is then up to 471 USD.

Bearish variant:

The sell signal using the moving averages show the effect and Ethereum-rate is more. The viscous sideways movement around the 200 US Dollar is bearish resolved. The course of low at 188 US dollars, it is tested, and undercut. The next target is the significant Low at 167 US dollars. A decline below this triggers a wave of selling for the target of US $ 129.

XRP (XRP/USD)

The XRP rate, the Depth could use at 0.38 US dollars, in order to stabilize above the key area is about $ 0.45. Here is a similar picture as with the Ethereum-course: listless sideways. After all, the moving have averages, a buy signal is generated, and the cloud of the Ichimoku-Kinko-Hyo-indicator is vanishingly narrow.

Bullish variant:

The 0.45 US Dollar can continue to be a springboard to higher rates. The downward trend is outbid, and the already broken uptrend is retaken. Thus, the XRP price is about 0,57 US dollars. The area around the $ 0.70 is running. A rate increase of more than 0.75 US Dollar enabled the following upside targets:

0.89 US-Dollar1,15 U.S. Dollar1,37 U.S. dollar bearish variant:

A breakout above the down trend don't succeed. The buy signal using moving averages turns out to be a false signal. The first warning sign is a decline below $ 0.43. Under 0,38 U.S. dollars, the XRP price ended the running down movement completely and falls back into the range of the 0.30 in US dollars. Connection purchases don't come here enough, to threaten a relapse:

0,24 US Dollar0,US $ 15 conclusion:

It is the absence of a direction-setting decision. The resolution of the case, the triangle will bring about volatility, that's for sure. We may be curious whether the resolution is already in the next few days. In the "Worst Case scenario" but for the resolution of still air until mid-December. Think about it: Protects your capital, and when the motion comes, you should with a Stop-Loss and not-so-very wrong.

Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

images on the Basis of data from bittrex.com and bitfinex.com at 11:41 PM on may 17. October created. USD/EUR exchange rate at the time of writing: 0.86 Euro.

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