Connect with us


Cryptocurrencies Price Prediction: Polygon, Ripple & Bitcoin – American Wrap 08 April – FXStreet



wp header logo 1627

FXStreet Team FXStreet Team

Bitcoin price is at an interesting point in its journey over the past three weeks. After breaching a massive hurdle, BTC continued heading higher but has retraced over the last three days. Despite the recent drawdown, BTC has a high probability of an uptrend.
BTCPERP 2022 04 08 07 39 50 637849892819623040 637850514880901077
XRP price has seen better days as the digital remittance token failed to reach $1 last month. Analysts at FXstreet did manage to foresee the sell-off coming, noticing sudden changes in price and volume behavior. It seems there was a reason for all the erratic price fluctuations for XRP lately. 
XRPUSDT 2022 04 08 16 24 56 637850499120909971 637850515426411505
Polygon price is currently trading at $1.50 within a previous demand zone. Last week’s bullish thesis mentioned that MATIC price could find a bottom between the $1.55 and $1.65. The uptrend invalidation was set at $1.55. Now that the MATIC price has completely invalidated the extended target, the MATIC price hints that a larger selloff may be underway.
MATICUSDT 2022 04 08 11 30 20 637850413086129911 637850515729866344

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
While Cardano price continues its decline, large-wallet addresses are scooping and increasing their ADA holdings. Santiment revealed that large-wallet addresses had accumulated nearly 200 million ADA tokens over the past two weeks. 
Shiba Inu (SHIB) price slipped below necessary support after experiencing bearish pressure from a downward trend line. Bulls, however, have kept any further fades contained and even revealed a squeeze to the upside. 
Ethereum price is forecasting a quick uptrend as it consolidates in a set up in a step lock manner at its current level. Investors need to keep a close eye on influential Bitcoin price action since it could ruin the setup. 
Analysts predict a deterioration in Bitcoin price as the FOMC’s decision on a rate hike looms overhead. Bitcoin price could re-test $28,000 if the asset fails to rebound and break out of the bearish trend. 
Bitcoin is likely to slide below $37,699 to collect liquidity before heading higher. BTC has prematurely triggered a minor run-up, leaving its downside objective unfulfilled. Investors can expect BTC to slide lower and collect liquidity below a significant level before triggering a full-blown impulse move.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.



Abhinav Breathes and Bleeds Technology. He's a humanoid with a passion for Gadgets, Cars, Gaming. You can usually find him on PSN Blabbering about his FIFA skills.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.