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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 23 July 2019

2019-07-23 10:11 am | Resource: Technical Analysis Section | No Views : 198

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 23 July 2019 Technical analysis of the most important currencies in the market: Bitcoin, Ethereum, Ripple, and Bitcoin Cash, with recommendations and its expected prices.

Bitcoin "BTC" Technical Analysis | 23 July 2019

The digital currency Bitcoin (BTC) during yesterday's trading failed to break through resistance areas 10699 $ as a result of sellers pressure.
And continued to bleed to break the trend line and continued to decline until $ 9886 during the morning.
Bitcoin "BTC" Technical Analysis | 23 July 2019The digital currency of the Bitcoin (BTC) is trading through a bearish trend in the configuration on the 60-minute interval. This trend supports the break of the bullish trend line, and it was confirmed to break this trend by breaking the areas of $ 10093.
The index of ADX refers to the strength of the bearish trend as the 40 zones are trading higher.
The SMA 20 is currently bearish and represents a very important resistance area.
The indicator of the moment of the default MACD is currently bearish.

Outlook: 

It is expected that, in the event of a digital currency breakout the $ 10345 zones, Bitcoin (BTC) may target areas of $ 11,277.
On the other hand, in the case of Bitcoin (BTC) break zones of $ 9844, the encrypted currency may target  $ 9122.
Support: 9844-8929-8303
Resistance: 10699- 11508- 12003
Trend: Up

Ethereum "ETH" Technical Analysis | 23 July 2019

Ethereum (ETH) failed to break through areas of resistance of $ 225.33 during the morning session yesterday as a result of sellers' pressure on it.
Thus falling to break the trend line and continued to decline to break areas of 211.23 $ At the moment, the currency is trading at $ 207.
Ethereum "ETH" Technical Analysis | 23 July 2019The digital currency has broken the bullish trend line due to bear pressure and is currently trading in a bearish trend in formation. This trend supports breaking the ascending trend line on the hourly time frame.
The ADX indicator is bearish and indicates the strength of the bearish trend over time.
The SMA 10 and the SMA 20 are currently bearish.
And the index of the momentum of the MACD with normal settings and its signal turned on a bearish during morning trading.

Outlook: 

It is expected that, in the case of the digital currency break areas of $ 205.10, Ethereum (ETH) may target $ 193.96.
On the other hand, in the case of digital currency is penetration area of $ 218.12, Ethereum (ETH) may target $ 225.33.
Support: 202.71, 193.96, 183.82
Resistance: 211.22, 218.12, 225.33
Trend: Down

Ripple "XRP" Technical Analysis | 23 July 2019

Yesterday, the Ripple (XRP) was unable to breach the $ 0.3288 area as a result of sellers 'pressure and weaker buyers' resolve.
Falling to break areas of $ 0.3288 then breaking the areas of 0.3207 $ and continued bleeding until the areas of 0.3119 $.
Ripple "XRP" Technical Analysis | 23 July 2019The Ripple on the 60-minute time frame is trading in a bearish direction and we do not recommend selling at the moment until the bottom of $ 0.31 is broken to confirm Bear's strength.
The (ADX) indicator is currently bearish and indicates the strength of the bearish trend over time.
The 20 SMA is currently neutral as a result of overlapping with price action.
Momentum Relative Strength 14 is trading in a bearish direction that weakens this trend and failed to break 30 pips during yesterday's trading.

Outlook: 

It is expected that, in the case of the digital currency break of the $ 0.31 area, the Ripple (XRP) may target the $ 0.2942 area.
While in the case of the digital currency breach of the $ 0.3578 area, the Ripple (XRP) may target $ 0.3578.
Support: 0.3008- .2942- .2814
Resistance: 0.3202 -0.3288- 0.3373
Trend: Down

Bitcoin Cash "BCH" Technical Analysis | 23 July 2019

The Bitcoin Cash (BCH) during yesterday's trading failed to break through the areas of 319.47 $ due to weak demand, and therefore fell towards the first support areas that fail to break it now.
Bitcoin Cash "BCH" Technical Analysis | 23 July 2019The digital currency of the Bitcoin Cash (BCH) is trading in a bearish direction in formation. This trend needs to break the areas of $ 298.40 for traders to gain confidence in it and the technical indicators indicate that its strength is increasing over time.
The ADX indicator indicates the strength of the current bearish trend.
The SMA 20 is a bearish sign and constitutes an important resistance area for the coded currency.
Momentum RSI 14 is trading in a bearish trend, supported by a 50-point resistance breach.

Outlook: 

It is expected that, in the event of a Bitcoin Cash (BCH) breach of the area of $ 313.60, the digital currency may target the region of $ 334.04.
While, in the case of Bitcoin Cash (BCH) break level of 298.40 $, the encrypted currency may target $ 287.11.
Support: 302.86- 286.44- 271.44
Resistance: 319.47 - 334.04 - 362.37
Trend: Down

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