The cryptocurrency space is a busy one, filled with projects that hope to kick innovation up a notch while making crypto mainstream adoption a reality. A coin’s price is normally impacted by how well its project is doing, as well as real-life events, such as regulation.
Value in some coins have been impacted over the last day by reports of the Huobi COO under investigation by Chinese authorities. It should be noted that Huobi denies such reports. ETH price could see some action as the launch of ETH 2.0 draws ever closer. For now, let’s examine BTC, XRP, NEO, and ETH.
BTC Price Prediction
Source: TradingView
BTC has recovered most of its losses from the drop today. If BTC can close consecutive daily candles above $13,800 (resistance), we can see an attempt to move towards the all-time high price of $20,000. BTC has a good support at $13,100 (Support 1). Failure to hold this support can pull BTC price towards $11,900 (Support 2), and the best place to long BTC on retracement would be at $10,000 (Support 3).
ETH Price Prediction
Source: TradingView
ETH has been holding the support at $360 very well but is not able to break the resistance at $400. If it can successfully flip Resistance 1 at $400 to support, we can see a jump towards Resistance 2 at $440. Failure to hold the support at $360 can pull ETH price back towards $320, which would be a good place to accumulate ETH.
XRP Price Prediction
Source: TradingView
XRP has reached the support zone at $0.24. If we do not see a jump from this zone soon, we can see XRP price sliding towards $0.22, which would be a good place to add longs. Failure to hold $0.22 will result in sub $0.20 for XRP. If we see a bounce from $0.24, we can see $0.258. Flipping Resistance1 to support can result in a push towards Resistance 2 at $0.30.
NEO Price Prediction
Source: TradingView
NEO is struggling to hold support at $14.80. Breaking this Support 1 can lead to a pull back towards Support 2 at $13, which would be a decent place to open longs. Bounce from current support can push NEO price towards Resistance 1 at $16.70 and Resistance 2 at $18.80.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
