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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 6 August 2019

2019-08-06 09:52 am | Resource: Technical Analysis Section | No Views : 63

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 6 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 | 6 August 2019

Bitcoin (BTC) breached a resistance zone of $ 11068 yesterday morning as demand increased, breaching $ 11508 and breaching $ 12003 during morning trading.
Bitcoin "BTC" Technical Analysis | 6 August 2019The digital currency of the Bitcoin (BTC) is trading in a bullish direction under formation. This trend strengthens the breach of the high of $ 11938 and penetrates the resistance area of ​​$ 12003 on the hourly interval.
The index of ADX refers to the strength of the current bullish trend by trading above the 30-point levels.
The SMA 20 is currently forming a support area.
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 case of digital currency is penetration areas of $ 12,247, Bitcoin (BTC) may target $ 13045.
On the other hand, in the case of Bitcoin (BTC) break zones of $ 11575, the encrypted currency may target $ 10699.
Support: 12003- 11508- 11068
Resistance: 12538-13045- 13617
Trend: Up

Ethereum "ETH" Technical Analysis | 6 August 2019

Ethereum (ETH) rebounded from $ 218.12 during yesterday's trading, and continued to rise above $ 225.33 and did not stop there, but continued to rise around $ 235.66.
Ethereum "ETH" Technical Analysis | 6 August 2019The digital currency is trading in a bullish direction. This trend is weak due to the failure of the breach of the resistance areas of $ 234.39 on the 60-minute interval and the technical indicators in an unenviable position.
And the index of ADX indicated that it is still bullish so far and the trend is weak due to trading below 30 points.
The simple moving average 10 and the slow moving SMA 20 are neutral at the moment as a result of the overlap with the price action.
The MACD indicator with normal settings is currently bearish.

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 break the area of $ 235.66, Ethereum (ETH) may target the $ 218.35 area.
Support: 225.33- 218.12- 211.22
Resistance: 234.39- 238.22-250.00
Trend: Up

Ripple "XRP" Technical Analysis | 6 August 2019 

Ripple (XRP) breached the resistance area of ​​$ 0.3202 after several attempts that continued for several days and continued to rise to fail to breach the resistance areas of $ 0.3288.
Ripple "XRP" Technical Analysis | 6 August 2019 The digital currency is trading in a bullish direction. The trend is weak due to its inability to breach the resistance zones at $ 0.3288 on the hourly interval.
Technical indicators are no longer strongly supported, and in the coming hours the trend may shift to neutral.
The (adx) indicator is not important at this time.
The 20 SMA is indicated by a neutral, live movement that does not trade in a specific direction.
Momentum Relative Strength 14 is trading in a bullish direction in formation. This trend is still witnessing weakness due to the failure of stability above the 50 point 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, if the digital currency is breached the $ 0.3673 area, Ripple (XRP) may target $ 0.3373.
Support: 0.3202- 0.3008- .2942
Resistance: 0.3288- 0.3373- 0.34
Trend: Up

Bitcoin Cash "BCH" Technical Analysis | 6 August 2019

The digital currency Bitcoin Cash (BCH) rebounded during the morning trading from the areas of 334.04 $ and continued to rise towards the areas of 354.80 $.
As buyers lost ground, the coded currency dropped to $ 338.70 from around $ 352.60.
Bitcoin Cash "BCH" Technical Analysis | 6 August 2019The digital currency Bitcoin Cash ended our neutral view as a result of breaching the resistance areas of 347.60 $ and is currently trading in a bullish direction and we do not recommend buying now until the breach of areas of 354.80 $.
The ADX indicator indicates that the uptrend strength is increasing over time.
SMA 20 is a very important support area at the moment
Momentum RSI 14 is trading in a bullish trend in the configuration and the index has stabilized above the 50-point areas, indicating the increasing momentum of the current bullish trend.

Outlook:  

It is expected that, in the event of the digital currency breach of the area of ​​354.80, Bitcoin Cash (BCH) may target the area of $ 362.37.
While, in the case of a digital currency break Level of $ 338.70, Bitcoin Cash (BCH) may target the $ 302.15 area.
Support: 334.04 - 319.47 - 302.86
Resistance: 362.37- 383.98- 404.58
Trend: neutral

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