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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 14 August 2019

2019-08-14 09:25 am | Resource: News Section | No Views : 26

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 14 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 | 14 August 2019

Digital currency Bitcoin (BTC) during last Monday's trading failed to penetrate the resistance areas of $ 11508 and then broke the bottom of 11155 points.
Then the digital currency continued to fall to break the $ 11068 areas and then broke $ 10,699 as a result of bear pressure on them.
Bitcoin "BTC" Technical Analysis | 14 August 2019Cryptocurrency Bitcoin trades through a bearish trend under formation This trend supports breaking the uptrend line on the 60-minute interval, as well as breaking the $ 11068 zones and breaking the $ 10699 zones.
The ADX indicator is currently bearish as the bearish trend strength decreases over time.
The 20 SMA is currently bearish which strengthens the bearishness.
The MACD torque indicator with default settings is bearish.

Outlook:  

It is expected that, in case of digital currency is penetration zones of $ 10,958, Bitcoin (BTC) may target $ 11,508.
On the other hand, in case of Bitcoin (BTC) break areas of $ 10352, the cryptocurrency may target $ 10,000.
Support: 10107-9844-9421
Resistance: 10699- 11068-11508
Trend: Down

Ethereum "ETH" Technical Analysis | 14 August 2019

Cryptocurrency Ethereum (ETH) failed to stabilize above $ 211.22 due to weak bulls' resolve, thus falling towards the first support areas, from which it bounced towards $ 208.81 during morning trading.
Ethereum "ETH" Technical Analysis | 14 August 2019Cryptocurrency Ethereum is trading through a bearish trend over the 60-minute interval This trend is currently weakening due to its inability to break the $ 202.71 support areas during yesterday's trading.
The ADX indicator is bearish and indicates that the bullish trend is growing stronger over time.
SMA 10 and Slow 20 are currently neutral as a result of not trading in a specific direction.
Momentum indicator in the normal settings signaled its bullishness due to the rebound that occurred during yesterday's trading.

Outlook:  

It is expected that, in case of the digital currency break areas of $ 202.00, the Ethereum (ETH) may target $ 193.96.
On the other hand, if the digital currency breaks into the area of $ 208.81, Ethereum (ETH) could target the $ 219.40 area.
Support: 202.71- 193.96- 183.82
Resistance: 211.22 - 218.12 - 225.33
Trend: Down

Ripple "XRP" Technical Analysis | 14 August 2019 

Cryptocurrency Ripple (XRP) During last Sunday's trading failed to penetrate the resistance areas of $ 0.3071 due to weak bulls determination, thus fell to break the $ 0.30 areas and continued to decline until areas of 0.2934.
Ripple "XRP" Technical Analysis | 14 August 2019 The cryptocurrency Ripple trades in a sideways direction between the upper and lower ribs of a classic symmetrical triangle pattern over the 60-minute interval, and we do not recommend trading at this time until it exits these areas.
The ADX indicator is not currently important.
SMA 20 is currently neutral.
Momentum indicator RSI 14 is trading in an uptrend under formation This trend is weakening due to its inability to breach 50 pips.

Outlook:  

It is expected that, in case of the digital currency break the $ 0.30 area, the Ripple (XRP) may target the $ 0.2942 zone.
Whereas, if the Ripple (XRP) breaches the $ 0.2948 level, Cryptocurrency might target $ 0.2850.
Support: 0.2942- 0.2850- 0.2672
Resistance: 0.3008 - 0.3071 - 0.3202
Trend: Down

Bitcoin Cash "BCH" Technical Analysis | 14 August 2019

Bitcoin Cash (BCH) bounced from $ 325.90 and continued to rise to breach the $ 334.04 resistance levels and did not stop there but continued to climb up to $ 356.80.
Bitcoin Cash "BCH" Technical Analysis | 14 August 2019Cryptocurrency Bitcoin Cash is trading through an uptrend This trend is weakened by the failure of a break above $ 354.80 over the 60 minute interval and we do not recommend buying right now until the $ 356.80 is breached.
The ADX indicator is currently insignificant.
The 20 SMA is pointing up and represents a very important support area at the moment.
Momentum indicator RSI 14 is trading in an uptrend This trend is weak as a result of breaking 70 pips.

Outlook:   

It is expected that, in the event of a digital currency breach area of ​​​​$ 356.80, Bitcoin Cash (BCH) may target the area of ​​$ 383.98.
Whereas, in case of the cryptocurrency break level of $ 339.80, Bitcoin Cash (BCH) may target $ 327.75.
Support: 334.04 - 319.47 - 302.86
Resistance: 362.37- 383.98- 404.58
Trend: Up

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