A set of real-time indicators on the popular social trading platform TradingView have shifted into bullish territory for Bitcoin (BTC), Ethereum (ETH) and XRP.
All three coins have at least a “Buy” rating on the daily, weekly and monthly time frames. Bitcoin’s monthly chart is signaling strong buy; Ethereum’s daily and weekly charts are signaling a strong buy; and XRP’s daily chart is rated a strong buy at time of publishing.
The platform’s trading indicators use a mix of methods for analysis, including moving averages, oscillators and pivots to forecast where the crypto assets may be heading.
Crypto strategist Josh Rager says the king of crypto is now facing resistance at $10,369, which happens to be Bitcoin’s exact price at time of publishing, according to COIN360. If BTC can break through this level, the analyst says a bigger move to the upside is in store.
“Up or down depends on this range – if price can close above $10,369, I foresee a move to $10,700’s to $10,900’s, with the potential to get as high as $11,500’s.
Break under $10,100 and $9,300 is potential target after a couple bounces in-between. Not worried about lower at the moment.
As for Ethereum and XRP, Rager says the second and third-largest coins could lead an altcoin breakout if Bitcoin continues to trend sideways.
“Looks like BTC has been a liquidation game, catching those offsides with high leverage 4% move down, 4% move up followed by another 4% back down. No Bitcoin trade zone, but keeping eyes on alts that could potentially move with BTC sideways.”
Right now, the crypto market is largely a sea of green, according to a bird’s eye view from COIN360. Bitcoin is up 1.38% at $10,369, Ethereum is up 5.68% at $282.02 and XRP is up 3.05% at $0.3350.