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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 16 August 2019

2019-08-16 09:09 am | Resource: Technical Analysis Section | No Views : 41

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 16 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 | 16 August 2019

Bitcoin (BTC) during yesterday's trading failed to break the $ 9844 zones and rebounded from the $ 9625 zones due to weak sellers' resolve.
Therefore, it rebounded to gain strength and then fell towards the first support again during this morning's trading.
Bitcoin "BTC" Technical Analysis | 16 August 2019Cryptocurrency Bitcoin (BTC) is trading in a bearish direction over the 60 minute time frame This trend strengthens the breach of the $ 10107 zones.
The index (ADX) is bearish and indicates the strength of the downtrend recording 32 areas.
SMA 20 is neutral as a result of not overlapping with price action.
The MACD Momentum indicator with default settings is bearish and indicates sellers' momentum is increasing over time.

Outlook:  

It is expected that, in the event of a Bitcoin (BTC) breakthrough zones of $ 10,446, the digital currency may target $ 10,888.
Whereas, in the case of Bitcoin (BTC) break zones of $ 9625, the digital currency may target $ 9421.
Support: 9844-9421-8929
Resistance: 10107 - 10699 - 11068
Trend: Down

Ethereum "ETH" Technical Analysis | 16 August 2019

Ethereum (ETH) fell during yesterday's trading from the $ 188.99 areas, and continued to bleed to break the support areas of $ 183.82 as a result of pressure from sellers and touching the $ 172.74 areas bounced towards the $ 188.52 areas.
Ethereum "ETH" Technical Analysis | 16 August 2019Ethereum (ETH) is trading through a bearish trend right now over the 60-minute interval that supports this failed trend to break through the $ 183.82 resistance zones.
The ADX is indicating the strength of the current downtrend, trading above 35 pips.
The SMA 10 and the SMA 20 are currently bearish.
Momentum indicator is normal at the momentum.

Outlook:  

It is expected that, in the event of the Ethereum (ETH) breakthrough zones of $ 188.52, the digital currency may target  $ 202.71.
Whereas, if digital currency breaks the $ 172.74 zone, Ethereum (ETH) may 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 | 16 August 2019 

The cryptocurrency Ripple (XRP) failed to break through the $ 0.2672 zones due to weak bulls' determination and thus fell towards the $ 0.2500 areas from which it bounced back towards the initial resistance which failed to break again due to weak demand.
Ripple "XRP" Technical Analysis | 16 August 2019 The digital currency Ripple (XRP) as we expected in yesterday's report has continued to trade between the $ 0.2926 and even the $ 0.2867 zones on the hourly interval since yesterday morning and thus our outlook is neutral.
The (ADX) indicator is not important at this time.
SMA 20 is currently neutral as a result of overlapping price action.
Momentum RSI 14 is currently neutral as a result of not trading in a specific direction.

Outlook:  

It is expected that, in the case of Ripple (XRP) break the $ 0.2390 area, digital currency may target the $ 0.2234 area.
On the other hand, if the cryptocurrency breaks the $ 0.2714 level, Ripple (XRP) might target $ 0.2934.
Support: 0.2464- 0.2234- 0.1810
Resistance: 0.2672- 0.2814 - 0.2934
Trend: Neutral

Bitcoin Cash "BCH" Technical Analysis | 16 August 2019

Bitcoin Cash (BCH) During yesterday morning's trading fell from $ 315 areas as a result of pressure from sellers.
 It continued to bleed to $ 265.7 and then bounced back from these areas until it touched the $ 319.47 areas which failed to break through due to weak bulls' resolve.
Bitcoin Cash "BCH" Technical Analysis | 16 August 2019Bitcoin Cash is trading through a downtrend This trend is weakened by the 61.8 Fibonacci retracement of the previous 60-minute interval.
The bearish trend supports breaking the $ 309.50 low during this morning's trading.
The ADX indicator is currently bearish and indicates that the bearish trend is becoming stronger over time.
The 20 SMA is currently neutral as a result of not trading in a specific direction.
Momentum indicator RSI 14 is trading in a bearish trend under formation that strengthens the trend breaking 50 point levels.

Outlook:   

It is expected that, in case of digital currency breach of area of ​​​​$ 321, Bitcoin Cash (BCH) may target area of ​​$ 351.22.
However, if the cryptocurrency breaks the level of $ 296.50, the Bitcoin Cash (BCH) may target $ 271.44.
Support: 302.86- 286.43 - 271.44
Resistance: 319.47- 334.04- 355.07
Trend: Down

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