At the beginning of this week, top altcoins showed steady growth amid stagnation of the main cryptocurrency. However, now, most of them are located in a sideways trend, except for ADA and EOS, which rates have gone up by around 5% and 3.64% respectively.
The main data of the top 3 coins are looking the next way.
$181 975 517 318
$13 926 682 387
$23 477 148 046
$7 903 149 066
$12 616 811 459
$1 458 625 048
Our recent Bitcoin price forecast justified itself as the rate bounced back from $10,000 and fixed above it. Bitcoin quotes, even taking into account the crazy volatility, keeps moving within the framework of the Triangle technical analysis model, which often ends in bullish dynamics.
On the graph, one can note a narrowing of the boundaries of the Bollinger Bands indicator, which usually ends with powerful dynamics. If the Bitcoin price goes above $11,000, the bulls are likely to fix profits at the levels of $12,000, the areas of $13,000– $13,360, as well as at the zone of $14,400, $15,000 and $16,100. If bears seize the initiative, the first target will be the $8,000 area and the 200-day Moving Average line.
Bitcoin is trading at $10,113 at press time.
In the last trading sessions, Ethereum has been showing a steady upward trend, which allowed quotes of the second cryptocurrency capitalization to overcome the consolidation boundaries of $194– $200 and the level of $221.
There is ongoing consolidation near the last level which may result in a decline. This is indicated by a potentially forming bearish divergence between the price on the chart and the MACD oscillator. In this regard, it could lead to a short-term decline to around $200.
Ethereum is trading at $217.76 at press time.
XRP has become one of the growth leaders since cryptocurrency has been developing consolidation since mid-July without a strong change in value.
XRP quotes not only reached the first goal in the form of a local extremum region of $0.2860 but also realized expectations for testing $0.35 - where is the 200-day Moving Average line, overcoming which gives a signal about a trend reversal in the technical analysis. Successful consolidation above this mark in the long term will push the XRP price further to the level of $0.3630.
XRP is trading at $0.2923 at press time.