Tuesday , September 21 2021
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Yaz Sheikh



Articles by Yaz Sheikh

Ripple Price Analysis: XRP Plummets Below $1 as 200-day MA Comes Into Play

17 hours ago

XRP/USD – XRP Loses Ground At $1
Key Support Levels: $0.875, $0.8282, $0.8.Key Resistance Levels: $1.00, $1.05, $1.14.
Since the early September flash crash, when XRP fell as low as $0.95 from a high of $1.40, XRP had established a solid range between $1.14 and support at $1.05 (.5 Fib Retracement).
Over the weekend, the cryptocurrency fell beneath the 50-day MA and tested the $1.05 support again. Today, the 12% price fall caused XRP to break support at $1.05 as it went on to crash beneath $1.00 and reach as low as $0.875 (.618 Fib & 100-day MA).
There, the combined support allowed XRP to bounce to the current $0.94 level as it sits above the 200-day MA.
XRP/USD Daily Chart. Source: TradingView.XRP-USD Short Term Price Prediction
Looking ahead, if the sellers break the

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Ethereum Price Analysis: ETH Crashes To $3000 as Broader Market Pulls Back

19 hours ago

ETH/USD – Ether Plummets Into $3000 Support
Key Support Levels: $2890, $2770, $2720.Key Resistance Levels: $3200, $3300, $3350.
Ethereum fell a sharp 11.5% today as it crashed back to $3000. The cryptocurrency had dropped from near $4000 at the start of September as it fell into support around $3200 (.5 Fib Retracement) last week. A rising trend line bolstered the support, and it allowed ETH to rebound during the week.
It reached as high as $3600 last week but rolled over on Wednesday. By the weekend, ETH had returned to the support at the rising trend line and the 50-day MA around $3280. Today, it collapsed beneath the trend line and the 50-day MA to reach as low as $2920. It has since bounced from the low and is battling to hold above $3000.
The break beneath the trend

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Ethereum Price Analysis: ETH Reclaims 20-Day MA Following a 3-Day Surge of 18%

5 days ago

ETH/USD – Ether Reclaims 20-day MA After Finding $3200 Support.
Key Support Levels: $3530, $3350, $3200.Key Resistance Levels: $3790, $3975, $4000.
Ethereum managed to establish support at $3200 (.5 Fib) over the weekend. The level there was further bolstered by the 50-day MA, and it allowed ETH to start rebounding at the beginning of this week.
Yesterday, the cryptocurrency surged higher from $3400, allowing it to break resistance at the 20-day MA and reach $3600. The move is important because it shows that buyers are attempting to recover from the market capitulation seen last week.
ETH/USD Daily Chart. Source: TradingView.ETH-USD Short Term Price Prediction
Looking ahead, the first resistance lies at $3790 (bearish .786 Fib). This is followed by $3975 (1.272 Fib

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Ripple Price Analysis: XRP Rangebound Following Last Week’s Crash, What’s Next?

6 days ago

XRP/USD – XRP Establishes Narrow Range
Key Support Levels: $1.05, $1.00, $0.95.Key Resistance Levels: $1.14, $1.17, $1.25.
Since crashing from $1.40 last Tuesday, XRP has established a range between $1.05 and $1.14 over the past week. The support at $1.05 is provided by a .5 Fib and is now bolstered by the 50-day MA.
The cryptocurrency has dropped numerous times beneath $1.05 but has managed to close each daily candle above that line. On the other side, the resistance at $1.14 provided support in August and will need to be overcome in order to end the current range.
XRP/USD Daily Chart. Source: TradingView.XRP-USD Short Term Price Prediction
Looking ahead, the first support lies at $1.05 (.5 Fib & 50-day MA). The next levels are at $1.00, $0.95 (.618 Fib), $0.92 (200-day

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Polkadot Price Analysis: DOT Bulls Create Three Month Highs Following 9% Weekly Gains

7 days ago

DOT/USD – DOT Breaks Bearish .618 Fib.
Key Support Levels: $35.30, $32.55, $30.Key Resistance Levels: $38.65, $40, $42.10.
DOT surged above resistance at $30 toward the end of August as it started to climb higher in the first week of September to reach resistance at $35.30 (bearish .618 Fib). However, it could not overcome this level and ended up falling into the 200-day MA around $27.50 during the market crash last week.
Since then, DOT solidified the support at the 200-day MA and started to climb higher again. On Sunday, it surged above $35.30 and closed over the resistance. After a brief retracement to $32.50 yesterday, DOT has finally surged well above $35.30 to reach near $38 today.
DOT/USD Daily Chart. Source: TradingView.DOT-USD Short Term Price Prediction
Looking

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Cardano Price Analysis: ADA Down 16% Weekly Despite Smart Contracts Hardfork

7 days ago

ADA/USD – Bulls Battle To Defend .382 Fib.
Key Support Levels: $2.35, $2.20, $2.00.Key Resistance Levels: $2.60, $2.70, $2.80.
ADA fell from near $3 last week to spike as low as $1.97 (.618 Fib) during the flash crash. By the end of the week, ADA had established support at $2.35 (.382 Fib) and rebounded from there over the weekend.
Unfortunately, ADA could not close above resistance at $2.80 and ended up reversing from there to head back into the $2.35 support, where it currently sits. A break beneath this support could potentially cause ADA to continue lower toward the 50-day MA around $2.20.
It’s also worth noting that this takes place right as the network went through the much-anticipated launch of its smart contracts capability on the mainnet on Sunday, September 12.

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Ethereum Price Analysis: ETH Down 15% in a Week, Where is The Crucial Support?

8 days ago

ETH/USD – Ether Falls Into .5 Fib Support
Key Support Levels: $3200, $3150, $3000.Key Resistance Levels: $3350, $3480, $3600.
After Tuesday’s market wipeout, ETH is now down a total of 15% on the week after falling from near $4000. The coin found support at $3200 (.5 Fib) over the weekend and rebounded higher.
Unfortunately, it could not break the 20-day MA resistance at $3485 yesterday and rolled over from there today as it fell by 2% to meet the current $3200 (.5 Fib) level again. The support here is also bolstered by an ascending trend line that extends to early August.
ETH/USD Daily Chart. Source: TradingView.ETH-USD Short Term Price Prediction
Looking ahead, the first major support lies at $3200 (.5 Fib). This is followed by $3150 (50-day MA), $3000 (.618 Fib), and

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Crypto Price Analysis & Overview September 10th: Ethereum, Ripple, Cardano, Solana, & Matic

11 days ago

Ethereum
Ethereum dropped a sharp 10% this week as the cryptocurrency currently sits at around $3400. The cryptocurrency surged to $3975 last Friday, where it met the resistance at a 1.272 Fib Extension level.
It was unable to overcome it over the weekend and eventually collapsed from there on Tuesday during the market wipeout. ETH dropped as low as $3000 during the sell-off but eventually recovered by the end of the day to close the daily candle at $3428 (.382 Fib).
It held this support over the past two days but recently slipped beneath it today, reaching as low as $3350.
Looking ahead, the first support lies at $3350. This is followed by added support at $3240 (.5 Fib), $3100 (50-day MA), $3000, and $2890.
On the other side, the first resistance lies at $3500 (20-day

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Ethereum Price Analysis: Here Are the Next Critical Levels to Watch for ETH After the Crash

13 days ago

ETH/USD – Ether Falls Beneath 20-day MA
Key Support Levels: $3350, $3185, $3000.Key Resistance Levels: $3600, $3790, $3875.
Ethereum suffered a very sharp price crash over the past 24 hours. Yesterday, the coin lost as much as 23% from a high of $3946 to reach as low as $3025. However, the market recovered slightly by the end of the day to close at the 20-day MA.
Today, ETH slipped a little, which put the price beneath the 20-day MA. Yesterday’s price drop was quite extreme, and it is unlikely that a quick recovery would take place to take ETH back toward $4000.
ETH/USD Daily Chart. Source: TradingView.ETH-USD Short Term Price Prediction
Looking ahead, if the sellers continue to push lower, the first support lies at $3350 (August resistance). This is followed by $3185

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Ripple Price Analysis: XRP Dipped Below $1, Bulls Looking to Consolidate

13 days ago

XRP/USD – XRP Spikes As Low As $0.928
Key Support Levels: $1.05, $1.00, $0.92 – $0.9.Key Resistance Levels: $1.20, $1.25, $1.36.
XRP was trading inside an ascending price channel since breaking the symmetrical triangle pattern at the end of July. The price channel allowed XRP to break the August high at $1.36 this week and reach $1.40.
Unfortunately, the steep market sell-off yesterday caused XRP to fall beneath the ascending price channel. XRP collapsed by a total of 33% yesterday, causing the coin to spike beneath $1 and reach as low as $0.928 (.618 Fib). It has since rebounded from there to climb back above $1 and reach $1.10.
XRP/USD Daily Chart. Source: TradingView.XRP-USD Short Term Price Prediction
Looking ahead, the first resistance lies at $1.20 (20-day MA). This

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Cardano Price Analysis: ADA Crashed 10% Daily Following Failure to Overcome $3

14 days ago

ADA/USD – ADA Spikes Lower Into .382 Fib
Key Support Levels: $2.50, $2.26, $2.00.Key Resistance Levels: $2.76, $3.00, $3.20.
ADA has been battling the $3.00 resistance level since the end of August. The coin was trading inside an ascending price channel throughout the entire month, which allowed it to surge above the $3 level.
In September, ADA fell beneath the price channel after failing to overcome $3 after multiple attempts over the weekend. Yesterday, it fell into the support at $2.75 (20-day MA & .236 Fib). It continued to spike further lower today as it reached as low as $2.50 (.382 Fib) for a 10% daily crash.
It has bounced slightly from there as it trades above $2.60, but the recent pullback should have been expected after the market was rejected at $3 on numerous

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Ripple Price Analysis: XRP Pokes $1.40 As Bulls Manage a 6% Daily Increase

15 days ago

XRP/USD – XRP Breaks August Highs
Key Support Levels: $1.36, $1.25, $1.20.Key Resistance Levels: $1.40, $1.50, $1.54.
XRP has finally broken the August high at $1.36 today after spiking as high as $1.40. The coin reached $1.36 (1.618 Fib Extension) during mid-August and started to trend lower from there inside a symmetrical triangle.
The triangle was finally broken at the start of September as XRP started to surge inside an ascending price channel. XRP found support at $1.25 (Feb 2018 high) over the weekend and rebounded from there yesterday to break $1.30. It continued higher today to break the August high.
XRP/USD Daily Chart. Source: TradingView.XRP-USD Short Term Price Prediction
Looking ahead, the first resistance lies at $1.40. This is followed by $1.50 (bearish .786

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Ethereum Price Analysis: ETH Charts 22% Weekly Gains as Bulls Regroup for Another Attempt at $4K

15 days ago

ETH/USD – Ether Edges Closer To $4000 Resistance.
Key Support Levels: $3800, $3615, $3490.Key Resistance Levels: $3975 – $4000, $4060, $4200.
Ethereum broke the previous symmetrical triangle pattern consolidation on the final day of August and had been surging aggressively ever since. On Friday, ETH surged higher from $3790 (bearish .786 Fib) and climbed into the resistance at $3975 (1.272 Fib Extension).
The coin made two attempts to break this resistance over the weekend and failed on both occasions. It made another attempt today but has since rolled over and is trading at around $3900.
ETH/USD Daily Chart. Source: TradingView.ETH-USD Short Term Price Prediction
Looking ahead, the first strong resistance lies between $3975 and $4000. Beyond $4000, additional resistance

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Crypto Price Analysis & Overview September 3rd: Ethereum, Ripple, Cardano, Solana, & Polkadot

18 days ago

Ethereum
Ethereum is up by a very solid 27% over the past week of trading as the cryptocurrency makes its way back to the $4000 level. The cryptocurrency was trading inside an ascending triangle pattern since hitting resistance at $3350 (bearish .618 Fib) earlier in August.
On Tuesday, ETH finally surged beyond $3350 to reach $3400. It continued higher throughout the week and continued to surge today to reach the current $3975 resistance (1.272 Fib Extension).
Looking ahead, the first strong resistance lies at $4000. This is followed by $4060 (1.414 Fib Extension – blue), $4200 (1.414 Fib Extension – orange), and $4400 (1.618 Fib Extension – blue). Added resistance lies at $4535 (1.618 Fib Extension – orange) and $4600.
On the other side, the first support lies at $3800.

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Ethereum Price Analysis: ETH Eyes $3,800 Following a 17% Weekly Surge

19 days ago

ETH/USD – Ether Explodes After Triangle Breakout
Key Support Levels: $3640, $3510, $3400.Key Resistance Levels: $3825, $4000, $4060.
Ethereum penetrated the consolidation pattern this week, which was in play since mid-August when the coin failed to break resistance at $3350. This resulted in it forming a symmetrical triangle pattern for the second half of August and gaining about 17% in a week.
On Tuesday, ETH bounced from the 20-day MA and broke above the symmetrical triangle. It then continued to break the August resistance at $3350 (bearish .618 Fib) to climb above $3400.
It went higher yesterday as it surged from $3400 to reach higher $3825 (1.272 Fib Extension). It has since dropped from the high and is trading around $3765.
ETH/USD Daily Chart. Source:

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Ethereum Price Analysis: ETH Surges 8% Daily to Paint Fresh August Highs

21 days ago

ETH/USD – Ether Finally Breaks August Resistance
Key Support Levels: $3350, $3200, $3000.Key Resistance Levels: $3540, $3600, $3700.
Ethereum has been trapped inside a consolidation period since it established resistance at $3350 during mid-August. The cryptocurrency failed to overcome the resistance provided by a bearish .618 Fib Retracement and ended up forming a symmetrical triangle from there.
ETH had been trading inside this triangle pattern for the past fortnight as it dipped as low as $3000. It finally managed to break the consolidation today as it surged above the $3350 August resistance and passed $3400.
ETH/USD Daily Chart. Source: TradingView.ETH-USD Short Term Price Prediction
Looking ahead, the first resistance now lies at $3540 (1.618 Fib Extension). This is

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Cardano Price Analysis: ADA Bounces Amid Critical Support, Is $3 Retest Incoming?

21 days ago

ADA/USD – ADA Bounces From Ascending Price Channel Support
Key Support Levels: $2.95 – $3, $3.20, $3.42.Key Resistance Levels: $2.72, $2.58, $2.50.
ADA has been trading inside an ascending price channel for the entire period of August. The cryptocurrency recently hit resistance at $2.95, provided by a 1.272 Fib Extension, and rolled over from there over the weekend.
Cardano’s price found support at the lower boundary of the ascending price channel and has since rebounded back above $2.80. The resistance near $3 will be the next crucial level for the market to break to be able to continue the bull run.
ADA/USD Daily Chart. Source: TradingView.ADA-USD Short Term Price Prediction
Looking ahead, the first support lies between $2.95 (1.272 Fib extension) and $3. Beyond $3,

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Ripple Price Analysis: XRP Loses 9% in a Week But a Big Move Could be Ahead

22 days ago

XRP/USD – XRP Falls Beneath 20-day MA and Forms Triangle.
Key Support Levels: $1.10, $1.05, $0.92.Key Resistance Levels: $1.25, $1.28, $1.36.
XRP failed to break $1.27 (bearish .618 Fib) last week on the third attempt to overcome the level. As a result, the coin started to fall throughout the week until support was found on Thursday at around $1.05, provided by the lower angle of the triangle.
It rebounded from there over the weekend but could not break the upper angle of the triangle at around $1.20. As a result, XRP fell beneath the 20-day MA today as it heads lower. The apex of the triangle is quickly approaching, and a breakout in any direction can still be expected.
XRP/USD Daily Chart. Source: TradingView.XRP-USD Short Term Price Prediction
Looking ahead, the first

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Ethereum Price Analysis: ETH Remains Flat, Attempts a Breakout Against Bitcoin

22 days ago

ETH/USD – Ether Forms Symmetrical Triangle
Key Support Levels: $3150, $2985, $2890.Key Resistance Levels: $3350, $3540, $3700.
Since surging from $1800 at the end of July to meet resistance at $3350 in the first half of August, Ethereum has been consolidating inside a symmetrical triangle pattern. It has made over four attempts to break the $3350 resistance, provided by a bearish .618 Fib, and failed on each attempt.
Recently, ETH has been using the 20-day MA as support as it battles to remain above it as it consolidates in the triangle.
ETH/USD Daily Chart. Source: TradingView.ETH-USD Short Term Price Prediction
Looking ahead, the first support lies at $3150 (lower angle of the triangle). This is followed by support at $2985 (.236 Fib), $2890, $2740 (.382 Fib), and $2545

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Price Analysis Overview August 27: Bitcoin, Ethereum, Ripple, Cardano & Solana

25 days ago

Bitcoin (BTC)
Bitcoin is up a small 1% this week after getting rejected trying to breach above the $50,000 mark on Monday. The current high since May now lies at $50,500. Unfortunately, BTC was unable to sustain this level and ended up closing the daily candle beneath $50K.
Following the rejection, BTC headed sharply lower: Yesterday it fell back beneath $47,800, recording its weekly low amid $46.3k, however, the bitcoin price managed to close the day on top of the crucial 20-day MA (~$46.9k) – the first bullish sign for a possible reversal.
Today, BTC bounced from the support at the lower angle of the wedge and is attempting to push higher as of writing these lines. The cryptocurrency is now trading inside an ascending wedge formation, whereas the 3-month high resistance

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Cardano Price Analysis: ADA Sharply Rejected from $3 ATH, Will Next Critical Support Hold?

26 days ago

ADA/USD – ADA Rejected From ATH
Key Support Levels: $2.57 – $2.50, $2.35, $2.15.
Key Resistance Levels: $2.80, $2.95, $3.07.
ADA set a new ATH price above $3 on Monday, after soaring from $1.30 (50-day MA) at the start of August. The cryptocurrency surged inside an ascending price channel, and the market found resistance upon the upper boundary of the price channel after setting the ATH at almost $3, according to CoinGecko.
Together with the market retracement, ADA had also pulled back sharply over the past few days but so far – maintains the support at the lower boundary of the above-mentioned price channel, following a retest of the $2.5 support area earlier today. This is also where lies the .236 Fib Retracement support ($2.57).
ADA/USD Daily Chart. Source:

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Ethereum Price Analysis: After Another Rejection, ETH Battles To Maintain This Critical Support Level

27 days ago

ETH/USD – Will the 20-day MA Hold?
Key Support Levels: $3150, $3080, $3000, $2960.
Key Resistance Levels: $3190, $3350, $3400.
Despite ETH is up by a solid 47% over the past month and 6% weekly (according to CoinGecko), it failed in breaching the critical resistance at $3350. The latter resistance is provided by a bearish .618 Fib Retracement level, and it prevented the market from pushing higher in mid-August.
After the previous failed attempt, ETH retraced into the 20-day MA (blue line on the following chart) support at $3000 (last week) but quickly pushed higher toward the resistance for a second attempt.
Yesterday, following a second failure, ETH rolled over from $3350 and headed sharply lower, breaking down critical 20-day MA support at $3150, and bottoming around

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Ripple Price Analysis: XRP Breaking Down Critical Support, Is $1 Retest Incoming?

27 days ago

XRP/USD – XRP Breaking Down the Ascending Channel.
Key Support Levels: $1.10, $1.00, $0.92.
Key Resistance Levels: $1.25, $1.28, $1.36.
Following the market’s heavy correction, XRP dropped a sharp 8% over the past 24 hours as it fell from the Feb 2018 highs of $1.25 towards the current $1.14 level. The cryptocurrency was trading inside an ascending price channel since the start of August and struggled to break previous resistance at $1.28 (bearish .618 Fib) over the past week.
Today’s reversal caused XRP to break beneath the ascending price channel as it dropped as low as $1.10 over the past hours. If today’s daily candle closes below the price channel, then this breakdown might signal a larger potential short-term downtrend.
XRP/USD Daily Chart. Source:

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Crypto Price Analysis & Overview August 20th: Ethereum, Ripple, Cardano, Polkadot, & Solana

August 20, 2021

Ethereum
Ethereum saw a 5.4% price hike this week as the coin sits around $3200. It surged above $3200 last Friday to meet resistance near $3350, provided by a bearish .618 Fib Retracement level. Unfortunately, it could not overcome this level and ended up rolling over from there.
Throughout the week, ETH headed lower as it slipped beneath $3000 until support was found on Wednesday at $2960, provided by a .236 Fib and bolstered by the 20-day MA. It has since bounced higher from this support to break back above $3200 today.
Looking head, the first strong resistance now lies at $3350 (bearish .618 Fib). This is followed by $3540 (1.618 Fib Extension), $3600, $3790 (bearish .786 Fib), and $3880 (1.618 FIb Extension – blue).
On the other side, the first support lies at $3000

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Ripple Price Analysis: Is XRP Ready to Bounce From the Current Support Around $1.10?

August 19, 2021

XRP/USD – XRP Holds .382 Fib Support
Key Support Levels: $1.10, $1.00, $0.928.Key Resistance Levels: $1.25, $1.36, $1.40.
XRP has dropped a total of 18% since reaching $1.36 (1.618 Fib Extension) over the weekend. Despite this retracement, the coin is still up 11% over the week after surging from beneath $1.00.
The cryptocurrency is currently trading inside a wide ascending price channel and is currently testing the support at the lower angle. It is further bolstered by a .382 Fib Retracement.
A break beneath the price channel could see XRP heading back to $1.
XRP/USD Daily Chart. Source: TradingView.XRP-USD Short Term Price Prediction
Looking ahead, if the bears break $1.10 (.382 Fib), the first support lies at $1.00. This is followed by $0.928 (.618 Fib & 20-day MA),

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Ethereum Price Analysis: ETH Backtests Important Support, What’s Next?

August 18, 2021

ETH/USD – Ether Returns To 20-day MA Support
Key Support Levels: $3000, $2960, $2890.Key Resistance Levels: $3170, $3360, $3540.
After surging by almost 94% over the past three weeks, Ethereum has finally seen a meaningful retracement. The coin is now down by a total of around 8% since hitting $3350 at the start of the week.
The cryptocurrency met resistance at $3350 (bearish .618 Fib) over the weekend and failed to establish momentum above that. There were signs of bearish divergence, which caused ETH to roll over and hit the 20-day MA today. A .236 Fib further bolstered the support at the 20-day MA, and it allowed ETH to bounce back above $3000 to the current $3050 level.
ETH/USD Daily Chart. Source: TradingView.ETH-USD Short Term Price Prediction
Looking ahead, the

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Anticipated Retracement? Cardano Dips Below $2 Following Market Downturn (ADA Price Analysis)

August 18, 2021

ADA/USD – Market Retraces From Weekend Surge
Key Support Levels: $1.87, $1.77, $1.68.Key Resistance Levels: $2.00, $2.10, $2.20.
Despite dropping 6.5% today, ADA is still up 17% over the week. This is because it surged aggressively on Friday as it climbed from $1.85 to break $2.00 and hit $2.15. It continued on Saturday to reach as high as $2.28, where it finally rolled over.
On Monday, ADA dropped from $2.20 to hit $2.08, and it continued further yesterday as it fell beneath $2.00 to hit $1.90. Today, ADA spiked as low as $1.87, where it found support at a .382 Fib and has rebounded.
The market was extremely overbought prior to the rollover, and a retracement is always expected when the bulls become overextended like this.
ADA/USD Daily Chart. Source: TradingView.ADA-USD

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Ripple Price Analysis: Following a 60% Weekly Surge, What’s Next for XRP?

August 16, 2021

XRP/USD – XRP Rolls Over From $1.36 Resistance
Key Support Levels: $1.19, $1.10, $1.00.Key Resistance Levels: $1.27, $1.36, $1.49.
XRP has been on an impressive run since breaking the bullish flag pattern at the start of August. By the end of last week, it had already hit the $1 level.
On Friday, it surged further beyond $1 as it broke the Feb 2018 highs at $1.25 on Saturday and reached as high as $1.36 (1.618 Fib Extension) yesterday. It has since rolled over from this resistance and dropped to $1.21.
XRP/USD Daily Chart. Source: TradingView.XRP-USD Short Term Price Prediction
Looking ahead, if the sellers push lower, the first support lies at $1.19 (.236 Fib). This is followed by support at $1.10 (.382 Fib), $1.00, and $0.928 (.618 Fib).
On the other side, the first

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Ethereum Price Analysis: ETH Forms a Bearish Divergence, is a Short-Term Correction Coming?

August 16, 2021

ETH/USD – Ether Bearish Divergence Continues At $3300
Key Support Levels: $3150, $3035, $3000.Key Resistance Levels: $3350, $3400, $3540.
Ethereum saw some positive price developments toward the end of last week as it surged above the previous $3150 resistance on Friday. It continued to climb as high as $3330 over the weekend but could not break above it.
Yesterday, ETH dipped as low as $3100 but quickly rebounded to heads back toward $3300 when the candle closed.
Unfortunately, there are hints of bearish divergence between price action and the RSI, suggesting that the market could see a short-term retracement.
ETH/USD Daily Chart. Source: TradingView.ETH-USD Short Term Price Prediction
Looking ahead, the first resistance lies at $3350 (bearish .618 Fib). This is followed

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Crypto Price Analysis & Overview August 13th: Bitcoin, Ethereum, Ripple, Cardano, & Binance Coin.

August 13, 2021

Bitcoin
Bitcoin saw a strong 13.9% price hike this week as the cryptocurrency continues the bullish run that started in late July when it penetrated above the descending wedge consolidation pattern.
Last Friday, BTC was trading beneath $42,000 but eventually surged higher above the resistance by the end of the day. By the weekend, BTC managed to hit the 200-day MA level at around $44,750.
It continued to surge higher on Monday to hit $46,500. However, BTC stalled there and started to head lower over the past few days until support was found at $44,000. It has since rebounded from there and is now back above $46,300.
Looking ahead, the first level of resistance lies at $46,500. This is followed by $47,800 (bearish .618 Fib Retracement), $39,400 (1.272 Fib Extension), and

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