Bitcoin (BTC) is under downward selling pressure and it continues to trade below the $8,000 level. The coin is trading at $7,992 currently and it is expected to drop to $7,500 in the coming week. In a previous Crypto Trader Pro article, The Bitcoin Dip | Technical Analysis and Important Levels, speculated instances where Bitcoin could conceivably drop to the $5,500 price level by the end of October.
Here’s where Bitcoin currently stands: The coin traded at an intraday high of around $8,135 with a sudden dip toward $7,900 before settling down at its current trading price of $7,952. The coin experienced a drop of 1.6% in the past 48 hours. Ethereum is currently trading at $175 and the coin is expected to register a drop this weekend. XRP failed to make it to the $0.30 price level and it is the third-largest coin by market capitalization is currently trading at $0.294 per coin, down 1.93% in the past 24 hours.
Here are our recommendations for this week.
What to buy?
MaidSafeCoin is going through a hype cycle and is currently trading at $0.13. If the coin follows the predicted course, it will rebound to $0.152 in the next 48-72 hours. In the 7-day chart this trend has repeated 4-5 times and may continue next week. The selling zone for MaidSafeCoin is above $0.15.
Bitcoin Gold (BTG)
Bitcoin Gold is currently trading at $7.64 and the coin has gained over 2% in the past week. This altcoin has been registering steady growth for the past 2 weeks and is expected to trend higher than the $7.8 level in the coming week. The trend is steadily beating SMA50, SMA100 and SMA200 to stay well above the $7.5 level.
Siacoin hit a new high and hit $0.002399 twice this week. The coin is currently trading at $0.00230 and this is well within the buying zone. The coin is expected to trend above $0.024 at least one more time in the coming 3 days.
What to HODL?
EOS is currently trading at $2.90 and the coin has hit a high above the $3K level. The coin has been trading near the $3 level and according to Bollinger Bands, the coin will hit $3.16 in the next 2 days.
Ethereum is currently trading above $174 and the coin has gained 1.28% in the past week and is expected to hit the $180 level in the coming two weeks. Vitalik Buterin’s plans for Ethereum 2.0 may hit ground soon and the selling zone for Ethereum is above $180 level.
What to sell?
Ripple is currently trading $0.297 and has gained 2.94% in the past 24 hours. Ripple is expected to hit the $0.32 level in the coming week. The selling zone for Ripple is above $0.28.
Tron is currently trading at $0.017 and the altcoin is well within the selling zone. The selling zone for Tron is above $0.015. The volume of Tron’s DApps is increasing every week and the coin is gaining value.
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