AI Trading


  • BTC price sliced beneath a critical inclining trend-line, indicating downswings.
  • Ethereum’s price might retest the psychological level near $3,000 with extended profit-booking.
  • Ripples move closer to retest the support at $1.09, aiming to bounce off.

Bitcoin has had its price sliding beneath the critical support and might plunge towards the nearest significant price barrier. Though the downswing might translate to a slight sell-off, alternative coins, including Ripple and Ether, appears weak as they crush their crucial demand zones.

BTC on a Decisive Moment

Bitcoin respected an uphill trend-line that formed on 20 July. However, the coin failed to retain its recent uptick, translating to downswings that breach the supportive trend-line. That shows the chances of Bitcoin heading to the support zone at $46,000, the asset’s nearest critical barrier.

AI Trading

The demand area ranging between $43,150 and $45,791 is vital to absorb the prevailing selling pressure.

Buyers have the opportunity to start an upside trend from this level. With that, the coin will target the $51,000. Breaking over this zone is critical for BTC to climb towards $57,000.

Meanwhile, if the leading crypto fails to maintain above $46,000, it may dip towards the demand area, ranging between $43,150 and $45,791.

On the other side, a decisive close beneath $43,150 will cancel the bullish thesis, triggering plunges towards $42,000.

ETH Hovers at the $3K Psychological Zone

ETH saw magnified selling pressure near $3,375. Such developments prevented the coin’s rally twice in the last two weeks.

The recent rally attempt had ETH swinging to a $3,377 high. However, the altcoin saw a 9% drop towards its current price levels. As much as Ethereum appears to follow Bitcoin, it might see massive corrections than the leader, BTC.

Ether attained a high beneath 43,375, but the RSI printed a lower high (exaggerated bearish divergence), confirming downtrends.

With bearishness, the initial support lies at the psychological zone at $3,000. Breaching this defense may push the leading coin down towards $2,893 and $2,742 with increase bear control.

XRP Movements

The remittance crypto surged about 77% since 9 August, forming a local high near $1.35 on 15 August.

After the surge, a consolidation that caused lower highs and higher lows appeared.

For now, XRP bulls target a 43% surge toward $1.81.

If XRP gains momentum to register a decisive close over the $1.27 level, the asset will experience a new upside move.

The RSI’s high lows and prices lower lows support the upside moves with their bullish divergences.

Feel free to use our comment section.

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Nathan Ferguson

By Nathan Ferguson

Nathan Ferguson is a talented crypto analyst and writer at Herald Sheets, dedicated to delivering comprehensive news and insights on the ever-evolving digital currency landscape. With a strong background in finance and technology, Nathan's expertise shines through in his well-researched articles and thought-provoking analysis. He holds a degree in Economics from the University of Chicago, and his passion for cryptocurrency drives him to stay up-to-date with the latest industry trends and developments.