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Ethereum, Vechain & Ripple - American Wrap: 11/11/2020

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Ethereum, Vechain & Ripple - American Wrap: 11/11/2020

Ethereum Price Breaks Critical Resistance, Bulls Target $500 In The Short-Term

Ethereum price topped out at $468 on November 7 and seemed to form a potential double top on November 11 after hitting $466, followed by a slight rejection. However, in the past four hours, the digital asset has seen a notable breakout towards $474, negating the possible double top pattern. 

Vechain Price Has The Potential To See A 3% Rise If This Critical Barrier Is Broken

Vechain had a massive 14% price pump on November 9 hitting a high of $0.0118 and establishing an ascending parallel channel shortly after. The most critical resistance level is the upper boundary of this pattern.

Renowned Trading Veteran Condemns Ripple A Security While XRP/BTC Sinks

Peter Brandt, a legendary 45-years trading veteran has recently discussed the situation of the XRP/BTC pair and the potential of a dead cat bounce now that it’s seeing some action. Brandt believed it’s better to short XRP despite the current price action.

Image sourced from Pixabay

 

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