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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 15 August 2019

2019-08-15 08:49 am | Resource: Technical Analysis Section | No Views : 33

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 15 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 | 15 August 2019

Bitcoin (BTC) fell during yesterday's trading from $ 10,928 and continued to bleed to break the $ 10107 areas and continued to fall to $ 9,625.
Bitcoin "BTC" Technical Analysis | 15 August 2019Bitcoin is trading in a bearish direction on the hourly interval. This trend supports a break of $ 10107 and we do not recommend buying or selling right now until following a scenario from the two mentioned below.
The ADX is bearish and indicates that the strength of the downtrend has decreased over time.
The 20 SMA is bearish which strengthens the bearishness.
The MACD torque indicator with default settings is currently bearish.

Outlook:  

It is expected that, in the event of a digital currency breakthrough zone of $ 10,251, Bitcoin (BTC) may target $ 10,888.
On the other hand, if the digital currency breaks area of $ 9,625, the cryptocurrency may target $ 9,421.
Support: 9844-9421-8929
Resistance: 10107 - 10699 - 11068
Trend: Down

Ethereum "ETH" Technical Analysis | 15 August 2019

Ethereum (ETH) failed to breach the downtrend line and then fell to break $ 202.71 and then break $ 193.69 due to pressure from sellers it also broke $ 183.82.
By touching the $ 172.74 area, the cryptocurrency rebounded to retest $ 183.82 during morning trading.
Ethereum "ETH" Technical Analysis | 15 August 2019Ethereum is trading through a downtrend This trend supports breaking areas of 202.71 and breaking $ 183.82 on the hourly time frame. Currently, the currency is retesting the $ 183.82 area.
The ADX is bearish and indicates the strength of the current downtrend.
SMA 10 and SMA 20 are bearish, supporting the current downtrend.
Momentum indicator is normal at the momentum.

Outlook:  

It is expected that, in the event of a digital currency breakthrough zone of $ 188.99, Ethereum (ETH) may target $ 202.71.
On the other hand, if the Ethereum (ETH) breaks the $ 172.74 zone, digital currency might target the $ 164.53 area.
Support: 171.24- 164.53- 160.00
Resistance: 183.82- 193.96- 202.71
Trend: Down

Ripple "XRP" Technical Analysis | 15 August 2019 

Cryptocurrency Ripple (XRP) As a result of the growing strength of sellers, the lower leg of a classic symmetrical triangle pattern was broken during yesterday's trading and then broke $ 0.2934 and continued to bleed to $ 0.2867 areas.
Ripple "XRP" Technical Analysis | 15 August 2019 The digital currency Ripple broke the lower leg of a classic symmetrical triangle pattern on the hourly interval and currently, trading through a downtrend.
If it continues trading in the range of $ 0.2926 and up to $ 0.2867 until midday trading, our outlook will turn neutral.
The (ADX) indicator is bearish and indicates the strength of the downtrend.
The simple 20 SMA is currently bearish.
Momentum RSI 14 Our outlook is neutral for now.

Outlook:  

It is expected that, in the case of the digital currency break of the $ 0.2867 area, Ripple (XRP) may target the $ 0.2464 area.
However, if the cryptocurrency breaks the ripple to $ 0.2714 it might target $ 0.2926.
Support: 0.2464- 0.2234- 0.1810
Resistance: 0.2672- 0.2814 - 0.2934
Trend: Down

Bitcoin Cash "BCH" Technical Analysis | 15 August 2019

Cryptocurrency Bitcoin Cash (BCH) broke during yesterday morning trading areas of $ 334.04 after breaking the rising trend line due to pressure from sellers and continued to bleed up to $ 265.70 areas.
Bitcoin Cash "BCH" Technical Analysis | 15 August 2019Cryptocurrency Bitcoin Cash is trading through a bearish trend over the 60-minute interval. This trend supports breaking the uptrend and breaking the $ 301 low, and technical indicators are still indicating the strength of the current downtrend.
The ADX indicator is currently bearish and indicates the strength of the current downtrend.
The 20 SMA is currently bearish.
Momentum indicator RSI 14 is trading in a bearish trend under formation supported by breaking the rising trend line during yesterday's trading.

Outlook:   

It is expected that, in the event of the digital currency breach of area of ​​316 $, Bitcoin Cash may target the area of ​​$ 334.04.
On the other hand, if the cryptocurrency breaks the level of $ 265.70, the bitcoin cash may target $ 250.00.
Support: 286.43 - 271.44- 250.00
Resistance: 302.86- 319.47- 334.04
Trend: Down

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