Thursday, February 4

Crypto Rate Analysis

XRP/USD Daily Chart. Source: TradingView
XRP likewise had a hard time versus Bitcoin as it dropped from 1400 SAT to reach as low as 695 SAT (disadvantage 1.414 Fib Extension) the other day. Luckily, the coin rebounded from here yesterday and is starting to push greater as it trades at 812 SAT.
Moving on, if the purchasers can continue to drive greater, the very first level of strong assistance lies at 1000 SAT. This is followed by 1200 SAT (December 2017 Lows), 1425 SAT, and 1550 SAT (November 2020 low).
On the other side, the very first level of support is expected at 750 SAT. This is followed by 695 SAT, 590 SAT, and 440 SAT.

DOT/USD Daily Chart. Source: TradingView
Versus Bitcoin, DOT was trading beneath 0.0002 BTC over the weekend. It began to press higher as the week started as it managed to reach as high as 0.000329 BTC (bearish.382 Fib Retracement) yesterday.
DOT has actually because dropped lower to break back below 0.0003 BTC and trade at 0.000285 BTC.
Looking ahead, if the sellers continue to drive DOT lower, the first level of assistance lies at 0.000271 BTC (.382 Fib). This is followed by 0.000253 BTC, 0.000235 BTC (.618 Fib), and 0.00022 BTC.
On the other side, resistance initially lies at 0.0003 BTC. This is followed by 0.000329 BTC (bearish.382 Fib), 0.00034 BTC, and 0.00036 BTC. Included resistance is found at 0.000375 BTC (bearish.5 Fib Retracement).

BNB/USD Daily Chart. Source: TradingView
Versus Bitcoin, BNB practically moved sideways today. The coin increased as low as 0.00115 BTC on Monday, but the purchasers quickly regrouped to bring it back above 0.012 BTC. By Wednesday, BNB had climbed back into the November 2020 lows at 0.00149 BTC.
Sadly, the purchasers might not conquer this resistance as BNB headed lower to trade at 0.0013 BTC today.
Moving forward, if the buyers push higher once again, the first level of resistance lies at 0.0014 BTC. This is followed by 0.00149 BTC (November 2020 low), 0.0016 BTC, and 0.00166 BTC (May 2020 Low).
On the other side, below 0.0013 BTC, support lies at 0.00123 BTC (Nov 2018 low), 0.00115 BTC (drawback 1.272 Fib Extension), 0.0011 BTC, and 0.00107 BTC.

ETH/USD Daily Chart. Source: TradingView
Against Bitcoin, Ethereum rebounded from the assistance at 0.024 BTC last Friday. It continued to push greater over the weekend and satisfied the resistance at 0.027 BTC (bearish.382 Fib Retracement) on Monday.
ETH was unable to break above the 0.027 BTC resistance throughout the week and eventually rolled over and headed lower. It fell underneath 0.026 BTC yesterday to satisfy the present assistance at 0.025 BTC (drawback 1.272 Fib Extension) today.
Looking ahead, if the bears push back beneath 0.025 BTC, the first level of assistance is expected at 0.0245 BTC (July 2020 Lows). This is followed by 0.024 BTC, 0.0237 BTC, and 0.023 BTC.
On the other side, the first level of resistance lies at 0.026 BTC. This is followed by 0.027 BTC (bearish.382 Fib), 0.028 BTC, 0.0285 BTC (Feb 2020 Highs).

BTC/USD Daily Chart. Source: TradingView
Ethereum
Ethereum saw its own 19% rate rise this week as the coin trades near $740. The coin increased back above $600 last Friday and continued higher over the weekend to break resistance at $675 (bearish.786 Fib). On Monday, ETH continued beyond $700 as it reached the resistance at $750 (bearish.886 Fib) by Wednesday.
From there, ETH has struggled to break beyond the $750 resistance but is doing well to hold the support at $730.
Moving forward, if the buyers push greater, the first level of resistance lies at $750. This is followed by $780, $790 (1.272 FIb Extension), $800, and $816 (1.414 Fib extension). Included resistance is anticipated at $840, $855, and $880.
On the other side, the very first level of support underneath $730 lies at $720. This is followed by $700, $675, $665, and $621 (.618 Fib Retracement).

The coin spiked as low as 0.00115 BTC on Monday, but the purchasers quickly regrouped to bring it back above 0.012 BTC. By Wednesday, BNB had climbed back into the November 2020 lows at 0.00149 BTC.
On the other side, resistance initially lies at 0.0003 BTC. This is followed by 0.000329 BTC (bearish.382 Fib), 0.00034 BTC, and 0.00036 BTC. Included resistance is discovered at 0.000375 BTC (bearish.5 Fib Retracement).

ETH/BTC Daily Chart. Source: TradingView
Ripple
XRP suffered another precipitous 30% cost plunge today as it trades at $0.0239. It pressed below this level over the previous 2 days and had even increased as low as $0.171 on Tuesday, where it found assistance at July 2020 low.
Luckily, the buyers regrouped from this low and began to attempt to recuperate for XRP as it pressed back above the November 2020 lows at $0.219 today to approach $0.24.
Moving on, if the buyers continue to drive higher, the very first level of resistance lies at $0.254. This is followed by $0.3 (bearish.236 Fib), $0.325 (200-days EMA), and $0.35 (Feb 2020 Highs).
Alternatively, the first level of support lies at $0.219 (Nov 2020 Low). This is followed by $0.2, $0.171 (July 2020 low), and $0.15.

XRP/BTC Daily Chart. Source: TradingView
Binance Coin
Binance Coin saw a good 15% price hike today as the coin now trades at $38.26. The coin was trading at $32 last Friday as it began to press greater. On Monday, it reached the resistance at $35.83 (bearish.886 Fib Retracement).
This resistance was penetrated on Tuesday as BNB rose greater above the 2019 high at $39.61 to set a brand-new ATH at $40. The buyers could not continue further above $40, which resulted in BNB dropping into the $36.81 support (.236 Fib) the other day. It has considering that bounced greater to trade at $38.26.
Looking ahead, if the bulls push higher, the very first two levels of resistance are expected at $39.61 and $40. Beyond $40, resistance is situated at $41.25, $42.66, and $44. This is followed by $45, $46.16, and $48.30.
On the other side, the first level of assistance lies at $36.81 (.236 Fib). This is followed by $35.83, $34.87, $34.45 (. July 2019 High), and $33.30 (.5 Fib).

Bitcoin
Bitcoin set a new ATH today at $29,688 (Coinbase) after seeing a 23% price hike over the past week. The coin permeated beyond $24,000 last Friday and continued higher over the weekend. On Wednesday, Bitcoin continued to rise beyond $28,000 and continued over the list below days to set the brand-new ATH today.
With the current bullish momentum in the market, Bitcoin could beyond the sought after $30,000 over the next week.
Looking ahead, the very first level of resistance lies at $30,000. This is followed by $30,500 and $31,000. Beyond $31,000 included resistance is discovered at $31,600, $32,000, and $32,900 (long term 1.618 Fib Extension).
On the other side, the very first level of assistance lies at $28,732. This is followed by $28,000, $27,163, $26,000, and $25,000 (.382 Fib).

BNB/BTC Daily Chart. Source: TradingView
Polkadot
DOT saw an epic 68.5% cost surge this week as the coin trades at $8.38 today. It was trading around $5.00 last Friday and continued to trade at this level up until it began to rise on Monday to reach $6.50.
The buyers did not stop there. They continued to break beyond $8.50 and managed to reach as high as $9.62 the other day. More specifically, they might not close a daily candle light above $9.31, which resulted in DOT rolling over to break below the $8.44 support today.
Looking ahead, if the bulls can regroup and press higher again, the first level of resistance lies aT $9.00. This is followed by resistance at $9.31, $9.62, and $10.00. Included resistance lies at $10.33 (1.272 Fib Extension), $10.70 (1.414 Fib Extension), and $11.23.
On the other side, the first level of assistance lies at $8.00. This is followed by $7.70 (.382 Fib), $7.10 (.5 Fib), and $6.90. Added assistance lies at $6.50 (.618 Fib).

DOT/BTC Daily Chart. Source: TradingViewTitle: Crypto Price Analysis & Overview January 1st: Bitcoin, Ethereum, Ripple, Binance Coin & Polkadot
Sourced From: cryptopotato.com/crypto-price-analysis-overview-january-1st-bitcoin-ethereum-ripple-binance-coin-polkadot/
Published Date: Fri, 01 Jan 2021 18:22:33 +0000

Crypto Price Analysis

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Leave a Reply

Your email address will not be published. Required fields are marked *

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together