A prominent analyst says Shiba Inu‘s (SHIB) coin meme is poised to soar to its all-time high and predicts an epic rally for XRP.
“I bought the SHIB because it broke over an important resistance and I think it could go back to the ATH level … The volume is still very high. I found this 4-hour candle, the largest in a few days, it broke out. I love it. My goal is $ 0.000089 “.
At the time of writing, SHIB is trading at $ 0.000053.
The crypto strategist is also watching Ripple (XRP), which he believes has also broken the descending resistance line and retested as support.
“XRP, pump it up”.
XRP / USDT daily chart | Source: Scott Melker
According to Melkers chart, XRP is expected to rise to $ 1.96, a potential increase of more than 64% from its current value of $ 1.19.
On Bitcoin, Melker said the benchmark cryptocurrency looks bearish as the relative strength indicator (RSI) shows signs of weakness.
“Bitcoin seems to have peaked locally. It has created bearish divergence in the daily RSI. It looks like it needs some consolidation before it explodes. “
BTC / USDT daily chart | Source: Scott Melker
You can see the coin prices here.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
London, UK, 4th November 2024, Chainwire
November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…
OpenSea new version is scheduled to launch in December, with an improved user experience, improved…
This website uses cookies.