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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 24 July 2019

2019-07-24 08:24 am | Resource: Technical Analysis Section | No Views : 78

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 24 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 | 24 July 2019

Bitcoin (BTC) fell during the morning session from the $ 10354 area as sellers pressured it, and continued to bleed to break support areas of $ 9844 and continued to drop to areas of $ 9560.
Bitcoin "BTC" Technical Analysis | 24 July 2019The digital currency Bitcoin (BTC) is trading in a bearish direction in the formation and during the re-testing of the bearish trend line, and succeeded in stabilizing below it and breaking the areas of 9844 $ supports the downside movement as well.
The index of ADX indicates a decline in the strength of the bearish trend over time.
The SMA 20 is currently bearish.
From the moment of the moment, the index is still bearish so far.

Outlook: 

It is expected that, in the event of a digital currency breakout the $ 10192 zones, Bitcoin (BTC) may target areas of $ 10916.
While, in the case of Bitcoin (BTC) break the zones of $ 9560, the encrypted currency may target $ 9,134.
Support: 8929- 8303-8000
Resistance: 9844- 10699- 11508
Trend: Down

Ethereum "ETH" Technical Analysis | 24 July 2019

Ethereum (ETH) During the morning trading yesterday, the support areas broke at $ 211.22 as a result of the pressure of the sellers and with a touch of $ 207.39, it rallied to re-test the areas of $ 218.12.
The encrypted currency failed to breach the resistance levels of $ 218.12 due to poor demand and therefore fell towards areas of $ 199.58.
Ethereum "ETH" Technical Analysis | 24 July 2019The digital currency is trading through a bearish trend forming over the 60-minute interval. We do not recommend selling at this time as a result of weakness on the current trend.
The failure of the break of the first support areas can be observed and the indicators indicate a weakness in the current bearish trend.
The ADX indicator indicates a decline in the strength of the bearish trend. With the passage of time
The SMA 10 and the SMA 20 were lower, with no confirmation of trading above $ 199.58.
The MACD indicator with normal settings is currently bearish.

Outlook: 

It is expected that, in the case of the digital currency breaking areas of $ 199.58, Ethereum (ETH) may target $ 183.82.
On the other hand, in the event of a digital currency break the area of $ 218.12, Ethereum (ETH) may target the area of ​​$ 232.00.
Support: 202.71, 193.96, 183.82
Resistance: 211.22, 218.12, 225.33
Trend: Down

Ripple "XRP" Technical Analysis | 24 July 2019

Ripple (XRP) and yesterday morning failed to break through areas of resistance of 0.3202 $ as a result of weakness of the buyers and therefore continued to decline to areas of $ 0.3034.
Ripple "XRP" Technical Analysis | 24 July 2019The Ripple (XRP) is trading in a downtrend forming on the 60-minute timeframe and we recommend selling in the event of a break of $ 0.03034 if the momentum indicator records a bottom below 29.19 points.
The (adx) indicator indicates the strength of the bearishness to trade above 50 pips.
The simple moving average 20 indicated it is bearish at the moment.
Momentum Relative Strength 14 is trading in a bearish direction in formation. This trend needs to break the 30 pips to confirm its strength.

Outlook: 

In the case of a Ripple (XRP) break of level of $ 0.3034, the digital currency may target $ 0.2942.
On the other hand, in the case of a Ripple (XRP) break of the level of $ 0.3137, It may target $ 0.3288.
Support: 0.3008- .2942- .2814
Resistance: 0.3202 -0.3288- 0.3373
Trend: Down

Bitcoin Cash "BCH" Technical Analysis | 24 July 2019

The Bitcoin Cash (BCH) (Bitcoin Cash) during yesterday's trading failed to stabilize above the areas of 302.86 $ due to poor bull's determination and fell to the first support areas.
During yesterday's trading, it rebounded to retest the initial resistance area and failed to break it, thus falling towards the first support areas again.
Bitcoin Cash "BCH" Technical Analysis | 24 July 2019The digital currency of the Bitcoin Cash (BCH) is trading in a bearish direction in the configuration. This trend is currently in weakness due to the failure of the break of the first support areas on the hourly interval.
The ADX indicator indicates a decline in the strength of the current bearish trend over time.
The SMA 20 is currently showing a bearish trend, which supports the current bearish trend.
Momentum Relative Strength 14 is trading in a bearish trend in formation. This trend is weak due to the failure of stability below 70 pips.

Outlook:  

It is expected that, in the event of a digital currency breakout the Zone of 305.90, Bitcoin Cash (BCH) may target the area of $ 334.04.
On the other hand, in the case of a Bitcoin Cash (BCH) break Level of $ 280.70, It may target $ 271.44.
Support: 286.44- 271.44- 250.34
Resistance: 302.86- 319.47-334.04
Trend: Down

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