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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 31 July 2019

2019-07-31 08:41 am | Resource: Technical Analysis Section | No Views : 49

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 31 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 | 31 July 2019

Bitcoin (BTC) rebounded from $ 9385 during yesterday's trading and continued to rise to breach the bearish trend line during yesterday's trading and continued to rise as high as $ 9726.
Bitcoin "BTC" Technical Analysis | 31 July 2019The digital currency of the Bitcoin (BTC) ended our neutral view by trading in a bullish direction in formation over the 60-minute interval. This trend supports the breach of the bearish trend line.
The (ADX) indicator is bullish and indicates the strength of the bullish trend over time.
The SMA 20 is currently bullish.
The indicator of the momentum of the MACD with the default settings is ascending.

Outlook:  

It is expected that, in the event of a digital currency breakout the $ 9792 zones, Bitcoin (BTC) may target areas of $ 10091.
On the other hand, in the case of Bitcoin (BTC) break zones of $ 9511, the encrypted currency may target $ 9,137.
Support: 8929-8303-7500
Resistance: 9844-10699-11508
Trend: Up

Ethereum "ETH" Technical Analysis | 31 July 2019

The digital currency Ethereum (ETH) rebounded from the rising trend line during yesterday's trading and continued to rise $ 213.95, which landed towards the areas of 207.72 $.
And during the morning trading from the areas of 207.72 $ to penetrate the areas of 211.22 $ and settle until now.
Ethereum "ETH" Technical Analysis | 31 July 2019The digital currency ethereum (ETH) is our neutral view at present as a result of trading through a narrow range set between areas of $ 208.49 and even $ 213.95 levels on the hourly interval.
The index of ADX is not significant at the moment.
The simple moving average 10 and the slow moving SMA 20 are still bullish so far.
The index of the momentum of the MACD with the normal settings is pointing upward so far and we can see the weakness of bulls' determination.

Outlook:  

It is expected that, in the case of ethereum (ETH) break area of $ 207.72, the digital currency may target $ 202.00.
While, in the case of a digital currency breach the area of ​​$ 214, ethereum (ETH) may target an area of ​​$ 221.29.
Support: 211.22 202.71 193.96
Resistance: 218.12- 225.33- 238.22
Trend: neutral

Ripple "XRP" Technical Analysis | 31 July 2019 

Yesterday, the Ripple (XRP) was rebounding from the uptrend line and continued to rise until the initial resistance areas touched and with bulls' entry failed to break through these areas and dropped towards $ 0.3165.
Ripple "XRP" Technical Analysis | 31 July 2019 The digital currency ended yesterday's neutral outlook by trading in a bullish direction and the trend is currently weakening, as a result of the failure of the breach of the resistance zones and technical indicators confirm the current weakness.
The (adx) indicator is bullish and indicates that the strength of the uptrend has decreased over time.
The 20 SMA is currently pointing up and represents a very important support area.
Momentum Relative Strength 14 is trading in a bullish direction. This trend is weak due to the failure of the breach of 70 resistance areas.

Outlook:  

In the case of the Ripple (XRP) break of $ 0.3165, the digital currency may target the $ 0.3079 area.
On the other hand, in the case of the Ripple (XRP) break of the level of $ 0.3210, It may target $ 0.3288.
Support: 0.3008- .2942- .2814
Resistance: 0.3202 -0.3288- 0.3373
Trend: Up

Bitcoin Cash "BCH" Technical Analysis | 31 July 2019

Bitcoin Cash (BCH) rebounded yesterday from $ 300.90 and continued to rise to break through the upper leg of a classic symmetrical triangle pattern and continued to rally up to $ 336.
Bitcoin Cash "BCH" Technical Analysis | 31 July 2019The digital currency Bitcoin Cash (BCH) ended the cross direction yesterday and is currently trading in a bullish direction that supports the breach of $ 319.47 and we do not recommend buying before the $ 336 resistance areas are breached.
The ADX indicator is bullish at the moment and the trend is weak.
The SMA 20 is currently bullish.
Momentum RSI 14 is trading in a bullish direction. This trend is weakened by the failure of the breach of the 70 resistance areas.

Outlook:   

It is expected that, in the event of a digital currency breakout the area of $ 336.00, Bitcoin cash (BCH) may target the currency area $ 362.37.
On the other hand, in the case of a Bitcoin cash (BCH) break Level of $ 325.70, digital currency may target the $ 305.50 area.
Support: 319.47- 302.86- 286.44
Resistance: 334.04 - 362.37- 383.98
Trend: Up

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