Top 3 Price Forecast Bitcoin (BTC), Ethereum (ETH), Ripple (XRP); CME and CBOE impact

26 August 2018 at 12:55 // News

  Top 3 Price Forecast

A new and fresh plot rotates in the soap opera of the ETF on Bitcoin with the measurement of an official letter from the SEC to the NYSE leaders. The letter informs the interested parties about the control of the New York market, that the commissioners have requested further information and the sentiment sent this week could be reviewed and revised.

While in the serious problem of this week that had obtained the authorization there were several references to the many doubts about the ability of the Bitcoin CME and CBOE futures platforms, at least these platforms can present their version and demonstrate be able to manage the volume increase that is expected in case the first Bitcoin ETFs are officially authorized and authorized.

BTC / USD 1D

Bitcoin plays inside the side area with a price of $ 6.875 as the ceiling level and $ 5.858 as floor level.

The BTC / USD is currently trading at $ 6,523 price level, which is a bit below the congestion price resistance that is at $ 6,580 price level. If it was for the break of this level, the next level to take into account is $ 6,750, which should also touch the trendline at the June lows. If the BTC / USD will keep the premium on this trend line, it will enter a new scenario where the upward significance generated in the nudiustertia weeks will be widely exploited.

It will not be trivial for Bitcoin to subdue this level, since SMA100 is near the price level of $ 7,000. If the BTC / USD can stabilize its position above the moving average, these price levels will be $ 7,100, $ 7,400, $ 7,600, $ 7,745 and $ 7,850 where the SMA200 awaits, which represents the end point since the increase should not stop before the maximum comparative of $ 8,400 is exceeded.

ETH / USD 1D

The ETH / USD is now at the $ 275 price level, fenced in a figure with a strongly bearish structure. It is just above congested price support, with less room for downhill, as a closing below $ 250 in price would be very disastrous in the medium term.

Above the last price the first visible target for ETH / USD to regain to the $ 300 level, moving then to $ 380 as the next resistance to price congestion, and at this point it will coincide with the # 39; EMA50.

XRP / USD 1D

The XRP / USD, is in a better position than Ethereum. All four support points are effective before touching critical levels. These brackets have an effect on the levels of $ 0.32, $ 0.29, $ 0.27 and $ 0.25. And below the price level of $ 0.25, it would lead to the downward trend of trade. Currently, XRP / USD is trading at $ 0.324 price level.

Above the last price, the main target for XRP at the price level of $ 0.346 followed by $ 0.368 price level. Above this previous resistance level, a gap reveals until the next resistance to price congestion at the price level of $ 0.423 which is now partially occupied by EMA50 at the price level of $ 0.40

The XRP / USD wants to exceed the price level of $ 0.45 to stop the huge extension that led to the comparative low of $ 0.25.

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