
Crypto ( Bitcoin, Solana, Ripple ) outlook for 21.08.2023
Bitcoin could rebound, but I’m not optimistic at all
After almost 2 months of consolidation, Bitcoin dropped hard last week breaking under the channel’s trend line support.
In my opinion, this break is very important and signals a top of around 30k and the resumption of the long-term downtrend that started 2 years ago.
Technically speaking, at this moment the price is above horizontal 25000-25500 zone support and a rebound could follow.
This rise should be viewed as an opportunity to sell in anticipation of a break under 25k with a target of around 21k.
Only the price back above 30k would negate this strongly bearish structure

SolUsdt could drop to support
From the 7.5 back in December last year to the 32 high in mid-July, Solana has has a very good run with a gain of more than 400%.
However, after this recent high, the coin started to roll back down and now is trading at 21.32.
I believe more losses will come and we can see a test of 15 zone support.
I’m looking to sell rallies with negation above 27

XRP- Back under support, not good at all
The news that XRP is not secure triggered a strong move for the coin with the price almost reaching parity.
However, after a normal correction and consolidation, instead of continuing to the upside, XrpUsd has dropped back under 0.55 old resistance, which should’ve provided support and it hasn’t.
Now, with the price back under this resistance and with the selling pressure all over the crypto market, we can expect a new drop to 0.4 support.
I’m looking to sell with stop loss above 0.55

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