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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 2 August 2019

2019-08-02 10:11 am | Resource: Technical Analysis Section | No Views : 122

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 2 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 | 2 August 2019

The digital currency Bitcoin (BTC) during the morning trading yesterday failed to penetrate the $ 10107 due to weakness of the bull's determination and therefore landed towards areas of $ 9955.
And during yesterday's trading rebounded to break through 10107 $ and continued to rise until the areas of 10560 $.
Bitcoin "BTC" Technical Analysis | 2 August 2019The digital currency Bitcoin (BTC) is trading in an upward trend under formation on the hourly interval that supports the current positive trend dominating the overall indicators in general.
 While the momentum indicator is showing some signs of weakness.
The index of ADX refers to the strength of the current bullish trend by trading the highest areas of 40 points.
The 20 SMA is still bullish so far.
The index of the moment of the makd by the default settings is pointing upwards at the moment.

Outlook:  

It is expected that, in the event of a digital currency breakout the $ 10560 zones, Bitcoin (BTC) may target areas of $ 10920.
On the other hand, in the case of Bitcoin (BTC) break areas of $ 10333, the encrypted currency may target $ 10003.
Support: 10107-9844-8929
Resistance: 10699- 11068-11508
Trend: Up

Ethereum "ETH" Technical Analysis | 2 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 | 2 August 2019The digital currency is trading in a bullish direction on the hourly interval supported by the breach of the bearish trend line and the breach of the resistance areas of $ 218.12.
Currently, the encrypted currency is retesting the breached downward trend line.
The ADX indicator indicates a rising trend strength over time.
The SMA 10 and SMA 20 are currently bullish
And the index of the torque McD with normal settings pointing upward.

Outlook:  

It is expected that, in the case of Ethereum (ETH) break area of $ 214.89, digtial currency may target the $ 205.71 area.
While, in the case of a digital currency is penetration area of $ 221.78, Ethereum (ETH) may target an area of ​​$ 232.23.
Support: 218.12- 211.22- 202.71
Resistance: 225.33- 234.39- 238.22
Trend: Up

Ripple "XRP" Technical Analysis | 2 August 2019 

Yesterday, the Ripple (XRP) slipped from $ 0.3194 and continued to bleed to areas of $ 0.3120 as it approached the rising trend line and rebounded towards $ 0.3170 during morning trade.
Ripple "XRP" Technical Analysis | 2 August 2019 The Ripple (XRP) is trading in a bullish direction. The trend is weak, so we do not recommend buying today until the technical indicators indicate its strength.
The uptrend is still weak but the pair is increasing over time.
The 20 SMA is pointing upwards and represents a support area at the moment.
Momentum Relative Strength 14 is trading in a bullish trend in formation and above the 50-point areas indicating bull pressure on it.

Outlook:  

It is expected that, in the event of a Ripple (XRP) break of the $ 0.3132 area, the digital currency may target $ 0.30.
While in the case of Ripple (XRP) breach of the $ 0.3120 area, the digital currency might target $ 0.30.
Support: 0.3008- .2942- .2814
Resistance: 0.3202 -0.3288- 0.3373
Trend: Up

Bitcoin Cash "BCH" Technical Analysis | 2 August 2019

The digital currency Bitcoin Cash (BCH) failed to break areas support $ 319.47 as a result of weakness of the sellers and therefore rebounded towards areas of $ 333.20 during the morning.
Bitcoin Cash "BCH" Technical Analysis | 2 August 2019The digital currency Bitcoin Cash (BCH) is our neutral view at present due to non-trading through a specific direction and trading between the upper and lower limits of the $ 333 range and up to $ 316.40 areas on the hourly interval.
The ADX indicator is not yet significant.
The SMA 20 is neutral as a result of the overlap with the price movement.
Momentum Relative Strength 14 Our view is neutral at the moment due to lack of trading through a specific direction.

Outlook:  

It is expected that, in the event of a digital currency break out the area of $ 336.00, Bitcoin Cash (BCH) may target the area of $ 362.37.
While, 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: neutral

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