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The prices of most coins continue to rise at the beginning of the week.
Top coins from CoinMarketCap
BTC/USD
Bitcoin (BTC) is one of the biggest gainers today, up 4.88%.
Image from TradingView
On the daily chart, BTC price continues to rise after breaking above the $38,437 level. There are currently no bearish signals as the daily bar is close to closing and there is no long wick.
In this case, a further increase to the resistance at $42,979 is the more likely scenario for the following week.
At press time, Bitcoin is trading at $41,564.
ETH/USD
Ethereum (ETH) is a smaller gainer than BTC, up 3.26% in the last 24 hours.
Image from TradingView
From a technical perspective, ETH price may have reached a local peak with falling volume. So, if the candle closes below yesterday's high, there is a possibility of a correction to the support of $2,131.
Ethereum is trading at $2,229 at press time.
XRP/USD
The exception to the rule is XRP, which is down 1.35%.
Image from TradingView
On the daily chart, XRP price has once again bounced off the $0.5860 support level. Currently, the price is in the middle of the channel and is gathering energy for further movement. In this regard, sideways trading in the $0.60-$0.64 range is the more likely scenario for the next few days.
At press time, XRP is trading at $0.6157.
About the author
Denys Serhiichuk
With over five years of trading experience, Denys has extensive knowledge of both technical and fundamental market analysis. Mainly, he started his blog on TradingView where he publishes all relevant information and makes predictions about top coins.
His experience is backed by working in top blockchain-related companies such as W12, Platinum Listing, ATB Coin and others. They can be contacted at [email protected].
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
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