“Ripple, SHIB, MANA and ETH” Predictions from 2 Analysts!

Expert cryptocurrency analysts Jonathan Morgan and Akash Girimath shared the critical support and resistance levels for Ripple, SHIB, MANA and ETH for the coming days. In this article, let’s evaluate the ideal entry levels for altcoins, keeping in mind that the forecasts lack sharpness.

Decentraland (MANA) technical analysis

Decentraland price is falling overwhelmingly on the daily Ichimoku chart. According to analyst Jonathan Morgan, all the requirements for the Ideal Bear Ichimoku Breakout entry were met and took place last week. The analyst identifies the following technical levels for an ideal setup.

  • A hypothetical long position with a buy order at $3.20, a stop loss of $2.80 and a profit target of $5.80. If MANA reaches entry, it turns the 0.02/3-box inverted Dot and Figure chart into a bull market.

The analyst also mentions a setup on the short side of the market with the expected triple bottom breakout. Theoretical short entry, sell order at $2.60, stop loss at $3.00 and profit target at $1.40. The short idea offers a 3:1 reward/risk ratio, with an estimated gain of just over 40% on entry. A three-box end stop might be too big for this setup, so a two-box route would be optimal, according to the analyst.

Ripple, SHIB, MANA and ETH Forecasts

Let’s continue with analyst Akash Girimath’s analysis of the Shiba Inu (SHIB). Investors can expect the SHIB to pull back towards the daily demand zone and climb from 0.0000253 to 0.0000287. A retest of the resistance could trigger a major uptrend for SHIB and force a retest of $0.0000340. The analyst thinks higher levels at $0.00000400 will be decisive.

XRP price bounced off the $0.694-$0.753 daily demand zone and rallied 15%. If the price produces a daily candlestick near $0.698, the formed HL level could invalidate the bullish argument. This development could pave the way for the XRP price to decline to $0.604 after the 13% drop.

Ethereum price has bounced from the $2,927 to $3,151 daily demand zone showing bullish interest. Continuation of the upside momentum could result in a retest of $3,464. The analyst identifies critical resistances at $3,675 and $3,862. In case of more bullishness, the weekly resistance level of $4,066 could be revisited.

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