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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 5 August 2019

2019-08-05 08:55 am | Resource: Technical Analysis Section | No Views : 94

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 5 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 | 5 August 2019

Bitcoin (BTC) failed to break above $ 10699 as buyers pressured it.
Thus, the resistance area breached $ 10699 and did not stop at this level, but crossed the areas of $ 11068 and $ 11508 and with the retesting succeeded in stabilizing above them.
Bitcoin "BTC" Technical Analysis | 5 August 2019The digital currency of the Bitcoin (BTC) is trading in a bullish direction under formation. This trend supports the breach of several resistance zones of 11508 and $ 11068 on the hourly interval.
Index (IDX) indicates the strength of the current bullish trend.
The SMA 20 is currently bullish.
From the moment of the moment, the momentum of the MACD indicator is bullish so far.

Outlook:  

It is expected that, in the event of a digital currency breakout the $ 11838 zones, Bitcoin (BTC) may target areas of $ 1,2008.
While, in the case of Bitcoin (BTC) break areas of $ 11508, the encrypted currency may target $ 10,960.
Support: 11508- 11068- 10699
Resistance: 12003- 12538-13045
Trend: Up

Ethereum "ETH" Technical Analysis | 5 August 2019

The digital currency Ethereum (ETH) failed to breach the support areas of $ 218.12 as a result of the pressure of the bulls, thus rebounding to break through areas of $ 225.33 during the morning.
Ethereum "ETH" Technical Analysis | 5 August 2019The digital currency is trading in a bullish direction that supports the breach of the resistance area of ​​$ 225.33 on the 60 minute time frame.
We do not recommend buying at this time until it crosses 229.85 zones or positive price behavior at the first support areas.
The ADX indicator indicates a decline in bearish strength due to retesting the $ 225.33 area.
The SMA 10 and SMA 20 are currently bullish.
And the index of the momentum of the MACD with the normal settings signal is currently rising.

Outlook:  

It is expected that, in the case of the digital currency break zones of $ 225.33, Ethereum (ETH) may target $ 218.12.
On the other hand, in the case of a digital currency is penetration area of $ 229.85, Ethereum (ETH) may target the area $ 234.39.
Support: 225.33- 218.12- 211.22
Resistance: 234.39- 238.22-250.00
Trend: Up

Ripple "XRP" Technical Analysis | 5 August 2019 

The Ripple (XRP) rebounded during yesterday's trading from the rising trend line and continued to rise to breach the bearish trend line during yesterday's trading.
It should be noted that, the failure of the digital currency of the first banks during today's trading stability in the highest areas of $ 0.3202.
Ripple "XRP" Technical Analysis | 5 August 2019 The digital currency is trading in a bullish direction. This trend is still weak due to its inability to stabilize above the first resistance areas over the hourly interval.
From (ADX) the current bullish trend is decreasing with time.
The SMA 20 is neutral as a result of the overlap with the price action.
Momentum Relative Strength 14 is trading in a bullish trend under formation. This trend is weak due to its inability to penetrate 70 pips areas.

Outlook:  

It is expected that, in the case of the digital currency break of the region of $ 0.3178, the Ripple (XRP) may target $ 0.30.
On the other hand, in the case of Ripple (XRP) break of the level of $ 0.3250, encrypted currency may target $ 0.3373.
Support: 0.3008- .2942- .2814
Resistance: 0.3202 -0.3288- 0.3373
Trend: Up

Bitcoin Cash "BCH" Technical Analysis | 5 August 2019

The Bitcoin Cash (BCH) during the trading last Saturday broke the trend line down and broke areas of $ 334.04 and continued to rise up to areas $ 347.80.
Bitcoin Cash "BCH" Technical Analysis | 5 August 2019The digital currency of the Bitcoin Cash (BCH), our neutral view of the trading result through a specific direction between $ 328.10 and even $ 347.60 areas on the hourly interval.
The ADX indicator is still not significant.
SMA 20 is currently forming a support area.
Momentum Relative Strength 14 Our view is currently neutral as a result of non-trading through a specific direction.

Outlook:  

It is expected that, in the event of a Bitcoin Cash (BCH) breach of area of​ $ 347.60, the digital currency may target area of $ 362.37.
On the other hand, in the case of Bitcoin Cash (BCH) break level of $ 328.10, the digital currency may target $ 312.88.
Support: 334.04 - 319.47 - 302.86
Resistance: 362.37- 383.98- 404.58
Trend: neutral

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