Cryptocurrency Weekly price prediction, Top 5 Crypto Technical Analysis 3rd Aug to 9th Aug
BuyUcoin comes back with weekly technical research report promised by their professional expert on cryptocurrency, with a price forecast of the top 5 cryptocurrencies from Aug 3rd to Aug 9th.
You’ll find below these top 5 cryptocurrency price prediction and technical analysis report in this article.
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Bitcoin Cash (BCH)
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Cryptocurrency Weekly price prediction, Top 5 Crypto Technical Analysis #1 4th Aug to 9th Aug
Technical Analysis Report of Bitcoin (BTC)
BTC rocket ship to the upside targets which we have mentioned in the last week's analysis report and it did outperform by breaching into the 11k territory.
The scenario was already covered in last week’s report and we did reach the 11600$ barrier successfully.
From here I believe we will likely see a pullback to the 9600$ region. From there we will recalculate where the market is heading next.
Technical Analysis Report of Ethereum (ETH)
ETH also outperform just like BTC, XRP and we did breach to the 400$ region territory.
In aligning with the BTC analysis, ETH will see the pullback to the 280$ and 250$ regions.
If you missed the previously buy opportunity you may have another chance to buy in the dips coming soon.
Technical Analysis Report of Litecoin (LTC)
LTC is lingering in the major resistance zones provided in the last week's report and successfully retested 63$ region and now are coming back to retest the same zone again and hopefully, from there the pullback will commence to the 45$-40$ region territory.
Technical Analysis Report of Ripple (XRP)
The sleeping dragon has awakened and it did successfully reached the long term zones of 30 cents.
I did believe XRP will likely to go the 36 cents zone before coming back to the 20 cents regions.
Let’s see where the market is heading and will strike when we see a potential opportunity, for now, we will wait and let the market come to you.
Technical Analysis Report of Bitcoin Cash (BCH)
Targets given 2 weeks before, all the targets have been met successfully and now we will likely see a pullback to the zones given in the chart.
If we see a pullback the zones will be:
Zone 1: 260$
Zone 2: 200$
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