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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 8 August 2019

2019-08-08 10:12 am | Resource: Technical Analysis Section | No Views : 41

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 8 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 | 8 August 2019

Bitcoin (BTC) rebounded during yesterday's trading from $ 11227 and continued to rise to $ 12124 areas, from which it fell towards $ 11526 areas.
Bitcoin "BTC" Technical Analysis | 8 August 2019The cryptocurrency Bitcoin (BTC) trades in a sideways direction between the classic symmetrical triangle ribs on the hourly interval.
The ADX is currently neutral as a result of not trading in a specific direction.
The 20 SMA is currently neutral as a result of overlapping price action.
Momentum indicator with default settings is bearish without confirmation yet.

Outlook:  

It is expected that, in the event of a Bitcoin (BTC) breakthrough zones of $ 12,124, the digital currency may target $ 12,538.
Whereas, in the case of Bitcoin (BTC) break zones of $ 11775, the cryptocurrency may target  $ 11348.
Support: 11508 - 11068 - 10699
Resistance: 11971- 12538-13045
Trend: transverse

Ethereum "ETH" Technical Analysis | 8 August 2019

Ethereum (ETH) rebounded yesterday from $ 221.19 levels and continued to rally up to $ 230.16.
Due to weak resolve buyers failed to break through the $ 225.33 resistance areas and continued to bleed until areas of $ 219.51.
Ethereum "ETH" Technical Analysis | 8 August 2019The digital currency ethereum (ETH) Our outlook is neutral at the moment on the 60-minute interval between the $ 221 zones and even the $ 228 zones can be seen as weak purchasing power and also weak sellers power.
The ADX is currently neutral.
The SMA 10 and the SMA 20 are currently neutral as they are not trading in a specific direction.
The momentum indicator is now up, but without confirmation.

Outlook:  

It is expected that, in the case of the digital currency break zones of $ 219.51, Ethereum (ETH) may target $ 211.22.
On the other hand, if the cryptocurrency breaks the zone of $ 230.16, Ethereum could target the $ 238.22 area.
Support: 218.12 - 211.22 - 202.71
Resistance: 225.33- 234.39- 238.22
Trend: Neutral

Ripple "XRP" Technical Analysis | 7 August 2019 

The digital currency Ripple (XRP) during the retest of the bearish trend line yesterday failed to breach and therefore fell towards the first support areas due to pressure from sellers.
Ripple "XRP" Technical Analysis | 7 August 2019 The digital currency Ripple (XRP) is trading in a downtrend right now on the 60 minute interval and technical indicators support our view.
The (ADX) indicator is not important at this time.
The 20 SMA is currently bearish.
Momentum RSI 14 is trading in a downtrend that supports this trend breaking 50 pips.

Outlook:  

It is expected that, in the case of the digital currency break $ 0.3079 area, Ripple (XRP) may target $ 0.30 zone.
On the other hand, if the cryptocurrency break $ 0.3131 area, it might target $ 0.3216.
Support: 0.3071 - 0.3008 - 0.2942
Resistance: 0.3202- 0.3288- 0.3373
Trend: Down

Bitcoin Cash "BCH" Technical Analysis | 8 August 2019

Cryptocurrency Bitcoin Cash (BCH) rebounded yesterday from $ 327.90 and continued to rise towards $ 345.30 areas, from which it fell towards $ 330.80 during morning trading.
Bitcoin Cash "BCH" Technical Analysis | 8 August 2019Cryptocurrency Bitcoin Cash (BCH) So far, our outlook is neutral at the moment as a result of trading between $ 347.60 and up to $ 328.10 zones over the 60 minute time frame.
The ADX index is still insignificant.
SMA 20 is currently neutral as it is not trading in a specific direction.
Momentum RSI 14 is currently neutral as a result of not trading through a specific direction. 

Outlook:  

It is expected that, in the event of a Bitcoin Cash (BCH) breach area of ​​354.80, digital currency may target zone of $ 362.37.
Whereas, if the cryptocurrency breaks the level of $ 328.10, Bitcoin Cash (BCH) may target $ 319.07.
Support: 319.47- 302.86- 286.44
Resistance: 334.04 - 362.37- 383.98
Trend: Neutral

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