Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 25 July 2019
2019-07-25 09:44 am | Resource: Technical Analysis Section | No Views : 46
Bitcoin "BTC" Technical Analysis | 25 July 2019
Bitcoin (BTC) continued its bleeding yesterday as it rebounded from $ 9528 and continued to rise to reach $ 9844 during the morning session.The digital currency of the Bitcoin (BTC) is trading in a bullish direction under formation on the hourly interval. This trend supports the breach of the areas of $ 9890, and we do not recommend buying at this time until it breaches the areas of $ 10163.
The index of ADX refers to the weakness of the current bullish trend.
The SMA 20 is currently bullish.
The momentum indicator of MACD with default settings turned upside down.
It is expected that, in the event of a digital currency breakout the $ 10163 zones, Bitcoin (BTC) may target areas of $ 10534.On the other hand, in the case of Bitcoin (BTC) break zones of $ 9717, the encrypted currency may target $ 9344.
Resistance: 10699- 11508- 12003
Ethereum "ETH" Technical Analysis | 25 July 2019
Ethereum (ETH) failed to break the $ 202.71 zones and continued to rise to breach $ 211.22 then broke through the bearish trend line.It is noteworthy that, during the morning trading failed to penetrate the $ 225.33 due to weakness of buyers' resolve.
The digital currency is trading in a bullish direction under formation. This trend supports the breach of the bearish trend line and penetrates the areas of $ 211.22 and then breached the $ 218.12 area on the hourly interval.
The ADX indicator indicates a decline in the strength of the uptrend at the moment.
The simple moving average 10 and the slow moving SMA 20 are currently bullish, supporting the upside move.
And the index of the momentum of the MACD with the normal settings signal rising at the moment.
Outlook:It is expected that, in the case of digital currency break regions of $ 206.81, Ethereum (ETH) may target $ 193.96.
While, in the case of a digital currency is penetration area of $ 224.76, Ethereum (ETH) may target the area $ 241.20.
Support: 218.12- 211.22- 202.71
Resistance: 225.33- 238.22, 246.09
Ripple "XRP" Technical Analysis | 25 July 2019
Yesterday, the Ripple (XRP) rebounded from the $ 0.3034 area and continued to rise to break through the bearish trend line as a result of the demand pressure to reach $ 0.3220 during morning trading.The digital currency is trading in a bullish direction under formation. This trend supports the breach of the bearish trend line during yesterday's trading on the hourly interval, and we do not recommend buying before breaching the $ 0.3220.
The (adx) indicator I mentioned is not important at this time.
The SMA 20 indicated it to be bullish and breached the bearish trend line, which is called the Golden Cross.
Momentum RSI 14 is trading in a bullish direction that supports the trend to breach the bearish trend line and needs to breach 70 pips to indicate the bull's bullish momentum.
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.
On the other hand, if the Ripple (XRP) break of the area of $ 0.3220, it might target $ 0.3288.
Support: 0.3008- .2942- .2814
Resistance: 0.3202 -0.3288- 0.3373
Bitcoin Cash "BCH" Technical Analysis | 25 July 2019
Bitcoin Cash (BCH) failed to break through $ 286.44 during yesterday's trading as a result of weakness of the sellers' resistance, thus rebounding to breach the resistance areas of $ 302.86.The digital currency of the Bitcoin Cash (BCH) is trading in a bullish trend in formation. This trend is weak due to the break of the momentum indicator for the rising trend line and it is currently retesting the areas of $ 30.86 which it breached yesterday.
The ADX indicator indicates a decline in the current bullish trend.
The 20 SMA is now bullish.
Momentum RSI 14 broke the ascending trend line during morning trading after the breach of 70 pips failed.
Outlook:It is expected that, in the event of a digital currency breakout of the area of $ 311.20, the digital currency may target the $ 319.47 area.
On the other hand, in the case of Bitcoin Cash (BCH) break level of $ 302.86, Bitcoin Cash (BCH) may target the area of $ 271.44.
Support: 302.86- 286.44- 271.44
Resistance: 319.47 - 334.04 - 362.37
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