Bitcoin, Crypto currency, Blockchain

Bitcoin, Ethereum and Ripple – rate analysis KW31 – The correction is in progress

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In the bullish scenario, the Bitcoin can’t follow on course once more. A further course correction dominated the last few days. What, then, of Bitcoin, Ethereum, and Ripple?

In order to give an Overview of the Top 3, here are the developments of Bitcoin, Ethereum and XRP price will be presented. We also take, if possible, on prior rate analysis and look at what has happened since then.

In the recent Altcoin-market analysis-discussed Wait-and-see-attitude threatens to develop into a downward trend. Whether the disappointment of the rejected Bitcoin ETF, the Winklevoss Twins, or a General summer hole: get to know the prices of the Top 3 currently, only Sideways and downward movements, as has been shown recently in an article. Here, the focus will be on the Bitcoin price, the Ethereum course, and the XRP price.

Bitcoin rate (BTC/USD)

The price of Bitcoin could not keep up with the high level of the last few days and slips with the current movement to below the level of 7.692 US Dollar. After all, the cloud of Ichimoku-Kinko-Hyo-indicator further confirms the upward movement. Currently, the broken down trend is tested but not from the Bitcoin exchange. No stabilization, here you have the upward movement further. The moving averages a sales are about to generate a signal.

Bullish Version:

The current Test of the broken runs downward trends in compliance with the regulations and represents only a small consolidation. The price of Bitcoin can have a rest here again and the resistance is the area with rates over US $ 8,000.

The upward objectives are then to:

  1. 9.261 US Dollar
  2. 9.726 US Dollar
  3. 11.540 US Dollar

Bearish Version:

The breakout above the short-term downward trend turns out to be a false breakout, and this leads to a larger sell signal. The cloud of Ichimoku-Kinko-Hyo-indicator is started, the short-term upward trend in 6.600 US dollars – and rising – is. This can be used for rate recovery, rate losses on the $ 6,000 mark.

Ethereum-course (ETH/USD)

With the current downward movement of the Ethereum has abandoned course, the wide support area (418 – 471 US dollars) for the time being. Currently the price is testing the bottom of the current sideways movement. Ethereum has shown further weakness and the price bounced off of the clouds, the lower edge of the Ichimoku-Kinko-Hyo-indicator.

Bullish Version:

The Ethereum-rate stabilizes at the current level and rises again to about 471 U.S. dollars. That would be interpreted as a sign of strength. The cloud of Ichimoku-Kinko-Hyo-indicator – currently 518 dollars a decreasing trend is outbid, and thus the short-term target at 624 US dollars enabled.

Greater potential for Recovery exists only in the case of a price increase of about 684 US dollars.

The objectives are as follows:

  1. 897 US dollars
  2. 1.021 dollars

Bearish Version:

The sideways movement is left-to-bottom. After falling below the 405 US dollars, the following rates will be enabled targets on the bottom:

  1. 365 US $
  2. 338 US dollars

XRP price (XRP/USD)

 

While Ripple and XRP price it is now dicey. The course is the multi-award-announced sale signal. The medium-term upward trend in the short term abandoned. The current daily candle shows for the time being strength. Up to the clouds, the lower edge of the Ichimoku-Kinko-Hyo-indicator, enough air is still to allow further rate increases.

Bullish Version:

Ripple can take advantage of a last Chance to prevent a sell-signal and is rising. A Daily close above the medium-term upward trend is a first-Bullishes Signal. The soil formation to the $ 0.43 is successfully completed. The cloud of Ichimok-Kinko-Hyo-indicator is broken – currently at 0.56 US Dollar cents a decreasing trend.

With the breakthrough of the short-term downtrend is activated above $ 0.75 a bigger buy signal.

Objectives:

  1. Of 0.93 US Dollar
  2. 1.15 US dollars
  3. US $ 1.37

Bearish Version:

We only see a small counter-reaction to the losses of the last few days. The $ 0.43 mark. The new price target is $ 0.30 USD. This is not sufficient as a correction level, and might even threaten duties on the $ 0.24 mark.

Conclusion:

The prices of Bitcoin, Ethereum, and XRP are with the current correction of the relevant brands, you need to defend. If this is not possible to continue the correction. At the Best the price of Bitcoin is still, however, this must be defend recently regained territory.

Disclaimer: The presented on this page, rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

Images on the Basis of data from bittrex.com and bitfinex.com at 09:40 on 01. August created. USD/EUR exchange rate at the time of writing: 0.86 Euro.

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