A set of real-time indicators on the popular social trading platform TradingView has shifted to bullish territory for Bitcoin (BTC), Ethereum (ETH) and XRP.
All three currencies have at least a “Buy” rating in the daily, weekly and monthly terms. The monthly Bitcoin chart indicates a strong purchase; Ethereum’s daily and weekly charts indicate a strong purchase; and the daily XRP chart is considered a solid purchase at the time of publication.
The platform’s commercial indicators use a combination of analysis methods, including moving averages, oscillators and pivots to predict where encryption assets are headed.
Crypto Strategist Josh Rager He says The king of cryptocurrencies now faces a resistance of $ 10,369, which is the exact price of Bitcoin at the time of publication, according to COIN360. If BTC can exceed this level, the analyst says a larger upside move is expected.
“Up or down depends on this range: if the price can close above $ 10,369, I anticipate a change from $ 10,700 to $ 10,900 ‘, with the potential to reach $ 11,500.
Breaking below $ 10,100 and $ 9,300 is the potential target after a pair bounces in the middle. I am not worried about going down right now.
As for Ethereum and XRP, Rager says that the second and third largest currencies could lead to a breakout of altcoin if Bitcoin continues with a lateral trend.
“It seems that BTC has been a clearance game, catching those offside with a high leverage of 4% downward movement, 4% upward movement followed by another 4% backward movement. Without Bitcoin trading zone, but monitoring the changes that could potentially move with BTC sideways. ”
At this time, the encryption market is largely a green sea, according to a bird’s eye view of COIN360. Bitcoin rose 1.38% to $ 10,369, Ethereum rose 5.68% to $ 282.02 and XRP rose 3.05% to $ 0.3350.