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vidy/usdt technical analysis 21 july 2021

Bullish trendline building over 30 minutes time frame , there is a resistance ahead at the horizontal line , if broken , the bullish trend will continue till next resistance area around 0.0019$ 

Etherum will reverse higher

Etherum tumbled last hour to 93$ and finished the hour higher at 103$  The smart contracts platform has alot of dapps running on , I am still bullish on etherum at current levels and I see a recovery till 600$ on the long term. In short term , it will face some resistance around 170$ .

Bitcoin heading much lower

The first and most popular crypto currency , bitcoin is sliding below the last line of support 6300$ ,now trading at 6170$ . Honestly i was terribly bullish on bitcoin and I was seeing 13000$ as year end target. However that fall from 7500$ to 6200$ is a very bearish sign and there is no sign of even short term recovery. So , the target now would be 3000$ It is recommended to liquidate to tether until it is very clear if we are keeping the slide or recovering again over 7000$.

Ripple : XRP stalled at resistance

Ripple challenged the last bearish trend-line but failed to break at 1.39$ , XRP is currently retesting the rising trend line from yesterday as shown below. So it is now a war between two trend lines (war between the bears and the bulls) , lets see which one will win.

Xrp/ripple holding gains at 1.30$

Xrp/usd (ripple) has been consolidating for two days now after surging from 85 cents to 1.60$ The pair lost momentum and returned to test 50% retracment level of the move . Most probable we will have another leg up towards 2.10$ area before falling back again , so it is preferred to go long at current area targeting a 60% gain. Stay tuned for updates on this trade and more trading recommendations .

Bitshares supported at 0.000043 btc

Bts/btc (bitshares/bitcoin) is down 25% last week and has been down to 0.000038btc fro. 0.000053btc. On January 9 , bitshares started effectively its discounted subscription fee , this news should have boosted the altcoin , however it was down around 13% Technically speaking , bts/btc should find strong support around 0.000043 and start building a rising trend again probably targeting 0.00083 btc on the long run.

bitshares technical analysis and forecast

BTS/BTC is currently trading at 0.00008423 on poloniex exchange platform. The Pair is just sliding below 200 SMA and 200 EMA. Next area of support for the pair is around .00006900 , The pair is supported by a rising trend line and will probably retest the area of 0.00012000. Bitshares has a circulating supply of 2,596,520,000 BTS and it is traded actively on poloniex and bittrex which are very trusted exchanges. Built using the latest in industry research, BitShares 2.0 offers a stack of financial services including exchange and banking on a blockchain. Reference : https://bitshares.org/

Ripple technical analysis 1/7/2017

Ripple (XRP) is currently consolidating against bitcoin (.00010040) area , A daily close above .00011000 will clear the path for XRP to make further gains and target .00014 level and above. XRP/BTC is still trading below the 200 SMA and EMA , However it is supported by the lower bandwidth of bollinger bands and it is in a consolidation phase before resuming its rally. Ripple block-chain technology which helps banks and financial institutions make fast international transfer in just few seconds has partnered with both Japanese and Thailand banks this week,. That partnership may help be a catalyst for a further rally to break 1$ and above in the coming month.