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Further increase in the Bears’ pressure will make XRP to find its support at $0.30 demand level. In case the demand level of $0.30 holds, the XRP price will bounce and rally towards the north.
In case the Bulls gain enough momentum to push up Ethereum price and break the upper trend line of the triangle and sustain the momentum, the ETH price may reach $149 – $161; otherwise, the bearish breakout will target $134.
Increase in the Bulls’ momentum will make Bitcoin rally towards the resistance level of $4,254 as its target but lose in the Bull’s momentum may lead to further consolidation around $4,050 price level.
Further increase in the Bullish pressure will penetrate the supply zone of $149 and may target $161 price level. On the other hand, in case the Bulls lose their pressure Ethereum price may continue ranging towards $134 demand zone.
Should the Bulls maintain their momentum, it will lead to heavy buy-off that will send Bitcoin price to the resistance level of $4,254 but lose in the Bull’s momentum may lead to consolidation around $4,050 price level.
In case the Bears prevail over the Bulls the XRP price will decline towards $0.30, break the level and face the $0.28 demand level. Otherwise, the XRP price may still rally to the north.
Radical pressure is required from the bears to break down the $134 demand level; this will enable Ethereum price to find support at $125. If the $134 demand level holds and the bulls gain momentum, ETH may have the supply zone of $149 as its target.
The radical bull force will make Bitcoin rally towards $4,050 resistance level which may expose the $4,254 level. In case the bears defend the $4,050 level and the momentum is strong to penetrate the support level of $3,903 BTC will find its low at $3,774.
The breakout of the XRP price either at the lower or upper trend line of the triangle is possible; the break out at the upper trend line will push the coin towards the supply level of $0.34 in case the $0.32 supply level does not hold.
In case Ethereum price goes down below $134 with the bearish candle close below the level right down there, then the bears will drive ETH price towards $125 price level. If there is a rejection at $134, then the ranging movement may continue.
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Increase in the Bears’ pressure will push down Bitcoin price which may break down the support level of $3,903 and expose BTC to the support level of $3,774. In case the support level of $3,903 holds, BTC price will range towards $4,047 – $4,254 price level.
If Bears push the coin to the lower trend line and the XRP price bounces, there would be a bullish rally and breakout at the upper trend line and the supply level of $0.32. If bears prevail over the bulls at the lower trend line, $0.30 support level is possible.
Professional crypto analysts from DataLight’s team share comprehensive Bitcoin volume research, which clearly shows that, despite the bear market of 2018, the game is far from being over for Bitcoin.
In case the Bulls maintain or increase their momentum, Ethereum price will reach its target of $149 supply zone. The loss of bullish momentum will make the coin range towards the previous low of $125 price level.