Search Coins

NFT Collection The Superlative Secret Society Price, Stats, and Review

cryptodaily.co.ukin 2 years
-2

Ross Ulbricht Auctions Prison Memorabilia, ID Card Sells For 11 Bitcoin

coingape.com25 minutes ago
0

Bitcoin Price Trend Above $100,000: The Good News And The Bad News

www.newsbtc.coman hour ago
0

Shiba Inu risks 18% drop, but whales keep buying – What do they know?

ambcrypto.coman hour ago
0

Whale Activity on Binance Hints at Ethereum Momentum

coindoo.coman hour ago
0

XRP Futures Go 24/7—Coinbase Enables Nonstop Institutional Access

news.bitcoin.coman hour ago
0

Bitcoin $200K ‘obvious’ breakout, GameStop’s first BTC buy: Hodler’s Digest, May 25 – 31

cointelegraph.com2 hours ago
0

4 sell signals flash on Bitcoin – Are BTC bulls finally running out of gas?

ambcrypto.com2 hours ago
0

TRX Shows Strength as Bitcoin-Led Correction Shakes Market

coindoo.com2 hours ago
0

Robert Kiyosaki: Even 0.01 Bitcoin Could Make You Very Rich

news.bitcoin.com2 hours ago
0

Altcoin Season: Bitcoin Dominance Reaches Critical Level Above 64%

bitcoinist.com2 hours ago
0

No altseason yet! Inside the growing rift between Bitcoin and altcoins

ambcrypto.com3 hours ago
0

Start RIPPLECOIN Mining cloud mining package through Robinhood wallet and earn up to $5,300 a day!

www.livebitcoinnews.com3 hours ago
0

IMF Alarmed as Pakistan Declares Bold Bitcoin Reserve

news.bitcoin.com3 hours ago
0

Méliuz Plans Share Sale to Buy More Bitcoin

www.livebitcoinnews.com3 hours ago
0

Earn $27,700 in 7 days? BTC holder reveals the secret of cloud mining’s huge profits

bitcoinist.com4 hours ago
0

Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next?

www.newsbtc.com4 hours ago
0

Bitcoin advocate Max keiser casts doubt over new BTC treasury companies

cointelegraph.com4 hours ago
0

Popcat Made Millionaires—Now Arctic Pablo Coin Is the Next Viral Meme Coin Set to Explode in 2025

coindoo.com4 hours ago
0

Over 10% of Altcoins Vanish Amid Market Purge

coindoo.com4 hours ago
0

Next-Level Tech: Why One of the Best Cryptos to Buy This Month Might Mirror BNB’s Rise

coindoo.com5 hours ago
0

BlockDAG Reaches $279M Presale Total as $0.0018 Entry Holds, While SUI Rallies and LINK Remains Sideways

coindoo.com5 hours ago
0

Cardano Price Dips 3%: Why Is ADA Falling?

coingape.com5 hours ago
0

$60M DOGE Moves from Coinbase to Unknown Wallet as Dogecoin Retests $0.19

coingape.com5 hours ago
0

Texas Moves Closer to Launching Official Bitcoin Reserve

www.livebitcoinnews.com5 hours ago
0

Crypto Price Analysis April 15: BTC, ETH, LTC, EOS, BCH

Apr 15, 2020 2:38 PM +00:00
0

Coinspeaker
Crypto Price Analysis April 15: BTC, ETH, LTC, EOS, BCH

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.

The cryptocurrency market is correcting again. Assets are rebounding from their respective resistance levels while the potential for significant decline remains. On shorter timeframes, instruments are reversal patterns and some of them have already left rising channels. All these factors taken together may indicate one more descending wave towards the lows. For example, in the short-term BTCUSD may test $4,000, but we shouldn’t expect a continuation of this movement. Most likely, the price will form another bullish pattern to indicate an anticipated growth to break $10,000. However, right now bulls will have to retreat.

Bitcoin

In the daily chart, the asset has rebounded from Moving Averages. As we can see, bulls have failed to fix the price above $8,000, break Moving Averages, and continue growing towards the descending channel’s upside border. The key trading idea implies a new decline from the current levels towards $4,030. A strong signal to confirm this idea may be a rebound from the resistance line at the RSI. As soon as the indicator breaks the line, the instrument may try to test $10,700, but the bearish pressure remains pretty strong so far. However, the bearish scenario may no longer be valid if the pair breaks the descending channel’s upside border and fixes above $9,400.


Photo: Roboforex / TradingView


As we can see in the H4 chart, Bitcoin has failed to break Moving Averages, that’s why the current descending impulse continues. Moreover, the pair has managed to fix below the downside border of a Wedge reversal pattern, that’s why there are chances to see a further decline with the first target at $5,550. Another signal to confirm this scenario is a rebound from the resistance line at RSI: in the past, the price already rebounded from the line while testing it. Still, the bearish scenario may be canceled if the asset breaks the resistance line and fixes above $8,245.


Photo: Roboforex / TradingView


Ethereum

As we can see in the daily chart, Ethereum is rebounding from the upside border of Bollinger Bands; to confirm the growth, the asset must break this border and fix above it. The key trading idea implies a further decline with the predicted target at $85. A strong signal in favor of this scenario may be a rebound from the resistance line at the RSI. There might be a potential for a reversal and a new growth at the moment when the pair tests the local lows. However, the bearish scenario may no longer be valid if the instrument breaks the resistance level and fixes above $205. In this case, the pair may continue growing and test the descending channel’s upside border.


Photo: Roboforex / TradingView


On shorter timeframes, the price is correcting within the channel. The pair is expected to break the rising channel’s downside border and fall towards $113. To confirm this scenario, the instrument must fix below $150. A strong signal in favor of this idea will be a test of the broken trendline at the RSI. However, this scenario may be canceled if Ethereum skyrockets towards the resistance area and fixes above $177. In this case, the asset may continue growing with the target at $205.


Photo: Roboforex / TradingView


Litecoin

In the daily chart, LTCUSD is rebounding from a quick Moving Average. Here, there are also risks of further decline with the predicted target in the area between $19 and $12. A strong signal in favor of this idea will be a rebound from the resistance line at the RSI. However, the bearish scenario may longer be valid if the asset skyrockets and fixes above $65. In this case, the instrument may break the descending channel’s upside border and continue growing with the target at $82.


Photo: Roboforex / TradingView


As we can see in the H4 chart, the price is falling but still moving inside the rising channel; it has rebounded from Moving Averages, thus indicating a bearish impulse. There are chances of seeing a breakout of the channel’s downside border and further decline towards $27. A signal in favor of this scenario will be a breakout of the trendline at the RSI. Still. The bearish scenario may be canceled if the asset grows and breaks $47. In this case, the instrument may continue trading upwards with the first target at $55.


Photo: Roboforex / TradingView


EOS

As we can see in the daily chart, bulls are testing the downside border of the Ichimoku Kinko Hyo Cloud; there is a potential for a rebound and further decline with the predicted target at $1.22. A strong signal in favor of this idea is a formation of a “5-0” descending pattern, but for completing the pattern the pair must test the channel’s upside border. Another signal to confirm this scenario may be a rebound from the resistance line at the RSI. However, the bearish scenario may no longer be valid if the asset skyrockets and fixes above $3.05. In this case, the instrument may continue growing.


Photo: Roboforex / TradingView


On shorter timeframes, the asset is no longer moving inside the rising channel. Possibly, the pair may test the channel’s broken border and resume falling with the first target at $2.03. Another signal to confirm this idea will be a breakout of the support line at the RSI. However, if the instrument fixes above the upside border of the Ichimoku Kinko Hyo Cloud and breaks $2.65, the price is expected to resume growing and form a new bullish impulse.


Photo: Roboforex / TradingView


Bitcoin Cash

In the daily chart, there is still a potential for the formation of a “Wolfe Wave” bullish pattern, which indicates a high probability of a decline towards the area between $136 and $80. Only after reaching this area, bulls may start a proper rising movement. A strong signal in favor of this idea will be a rebound from the trendline at the RSI. To confirm this scenario, the instrument must break the downside border of Bollinger Bands and fix below $210. However, this scenario may no longer be valid if the pair breaks the resistance line and fixes above $275. In this case, the upside target may be at $363.


Photo: Roboforex / TradingView


As we can see in the H4 chart, the cryptocurrency has broken the rising channel’s downside border. There are chances of seeing further decline towards $200 or even the area between $168 and $136. Another signal in favor of this idea will be a test of the rising channel’s downside border and a rebound from the resistance line at the RSI. However, the bearish scenario may be canceled if the price fixes above $275. In this case, the pair may break the channel’s upside border and continue growing to reach $363.


Photo: Roboforex / TradingView


Crypto Price Analysis April 15: BTC, ETH, LTC, EOS, BCH

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.