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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 1 August 2019

2019-08-01 01:01 pm | Resource: | No Views : 44

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 1 August 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 | 1 August 2019

Bitcoin (BTC) During the first hours of yesterday's trading, the bearish trend line broke through and continued to rise to breach the resistance zones of 9844 $ and continued to rise until 10107 zones.
Bitcoin "BTC" Technical Analysis | 1 August 2019The digital currency is currently trading in a bullish trend in formation. This trend supports the breach of the bearish trend line and penetrates the areas of 9844 $ and we do not recommend buying until the breach of the areas of 10144 $.
Technical indicators and failure to breach areas of resistance 10107 $ during the trading yesterday evening and morning raises concern about the strength of the current upward trend.
The indicator (IDX) I mentioned is not important at the moment.
The SMA 20 is neutral at the moment due to lack of trading through a specific direction.
The index of the moment of the MACD by the default settings, its signal turned to the downside with the beginning of morning trading.

Outlook:  

It is expected that, in the event of a digital currency breakout the $ 10144 zones, Bitcoin (BTC) may target areas of $ 10,503.
While, in the case of Bitcoin (BTC) break zones of $ 9877, digital currency may target  $ 9571.
Support: 9844-8929-8303
Resistance: 10107- 10699-11508
Trend: Up

Ethereum "ETH" Technical Analysis | 1 August 2019

The digital currency Ethereum (ETH) with the start of trading yesterday began to rise from the areas of 207.72 $ and continued to rise to penetrate $ 211.22.
 And did not stop at this point, but targeted the areas of the initial resistance, which failed to penetrate because of the decline of bulls' determination.
Ethereum "ETH" Technical Analysis | 1 August 2019The encrypted currency is trading in a downtrend in the configuration on the hourly interval. This trend supports the break of the previous bottom and we do not recommend selling before breaking the areas of $ 209.61
The index (ADX) indicates that, the current bearish trend is weak.
The SMA 10 and SMA 20 are currently bearish but not confirmed.
The MACD indicator with normal settings is currently bearish.

Outlook:  

It is expected that, in the case of the digital currency break regions of $ 209.61, the Ethereum (ETH) may target $ 202.00.
On the other hand, in the case of a digital currency is penetration area of $ 218.10, the Ethereum (ETH) may target area of $ 225.
Support: 211.22 202.71 193.96
Resistance: 218.12- 225.33- 238.22
Trend: Down

Ripple "XRP" Technical Analysis | 1 August 2019 

The Ripple (XRP) failed to break through areas of resistance at $ 0.3202 and then fell to break areas of $ 0.3165 and continued to bleed to areas of $ 0.3132.
Ripple "XRP" Technical Analysis | 1 August 2019 The digital The digital currency is trading in a bearish trend forming on the hourly interval. This trend supports the breach of the resistance areas of 0.3202 $ during yesterday evening trading.
The (adx) indicator is currently bearish.
The simple moving average 20 indicated it is bearish at the moment.
Momentum RSI 14 broke the bullish trend line during the morning trade as a result of the pressure of sellers on it.

Outlook:  

It is expected that, in the event of a break of the Ripple Digital Currency to the $ 0.3132 area, the digital currency may target $ 0.30.
On the other hand, in the case of a breach of the greenback encrypted currency to the level of $ 0.3210 may target $ 0.3288.
Support: 0.3008- .2942- .2814
Resistance: 0.3202 -0.3288- 0.3373
Trend: Up

Bitcoin Cash "BCH" Technical Analysis | 1 August 2019

The digital currency Bitcoin Cash (BCH) rebounded from $ 315.60 during yesterday's trading to break through $ 319.47 and continued to rise until it failed to breach the bearish trend line.
Bitcoin Cash "BCH" Technical Analysis | 1 August 2019The digital currency Bitcoin Cash (BCH) is trading through a downtrend on the hourly interval which supports this trend breaking the areas of $ 325.70 and currently we do not recommend selling before breaking the areas of $ 316.70.
The ADX indicator is currently insignificant due to non-trading through a bearish trend.
The simple moving average 20 is currently bearish.
Momentum RSI 14 is trading in a bearish direction supported by breaking the ascending trend line and breaking the 50 pip 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 area of $ 362.37.
On the other hand, in the case of a Bitcoin Cash (BCH) break Level of $ 316.70, It may target the area of $ 305.11.
Support: 319.47- 302.86- 286.44
Resistance: 334.04 - 362.37- 383.98
Trend: Up

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