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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 19 August 2019

2019-08-19 08:52 am | Resource: Technical Analysis Section | No Views : 33

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 19 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 | 19 August 2019

Bitcoin (BTC) rebounded during yesterday's trading from the first support areas and continued to rise to penetrate the upper leg of a classic symmetrical triangle pattern as a result of pressure from buyers and currently trading at the initial resistance levels $ 10699.
Bitcoin "BTC" Technical Analysis | 19 August 2019Digital currency is trading in an uptrend on the hourly timeframe This trend supports the breach of the upper leg of a classic symmetrical triangle pattern and the technical indicators support the current trend.
The ADX is a bullish trend for the time being.
SMA 20 is trading through an uptrend supported by cryptocurrency.
Momentum indicator with default settings is currently bullish.

Outlook:  

It is expected that, in the event of a digital currency breakthrough areas of $ 10,699, Bitcoin (BTC) may target $ 10,508 target symmetrical triangle model.
On the other hand, if the Bitcoin (BTC) breaks areas of $ 10,269, the cryptocurrency may target $ 9,799.
Support: 10107-9844-9421
Resistance: 10699 - 11068 - 11508
Trend: Up

Ethereum "ETH" Technical Analysis | 19 August 2019

The cryptocurrency Ethereum (ETH) rebounded yesterday from $ 182.20 to breach the downtrend line, then breached the $ 193.63 resistance areas and as a result of increasing demand it continued to rise up to $ 200.51.
Ethereum "ETH" Technical Analysis | 19 August 2019Cryptocurrency Ethereum is trading through a bullish trend that is forming. This trend supports the breach of the falling trend line and a break of $ 193.63 zones, then a break of $ 196.96 zones on the hourly time frame.
The ADX indicator indicates that the uptrend strength has increased over time.
SMA 10 and SMA 20 are bullish.
Momentum indicator in the normal settings signaled turned bullish during the morning trading without confirmation.

Outlook:  

It is expected that, in case of digital currency is penetration areas of $ 202.71, Ethereum (ETH) may target $ 214.
On the other hand, in case of the digital currency break area of ​​$ 192.15, Ethereum (ETH) may target $ 183.82 area.
Support: 171.24- 183.82- 171.24
Resistance: 202.71- 211.22- 218.12
Trend: Down

Ripple "XRP" Technical Analysis | 19 August 2019 

Digital currency Ripple (XRP) During yesterday's trading bounced from areas of $ 0.2620, and continued to rise to breach the downtrend trend line and as the currency approaches the initial resistance areas fell towards $ 0.28 levels.
Ripple "XRP" Technical Analysis | 19 August 2019 The digital currency Ripple is still trading between $ 0.2926 and up to $ 0.2867 zones over the 60 minute time frame so our view on it is neutral at the moment.
The ADX indicator is not yet important.
SMA 20 is a very important support area at the moment.
Momentum indicator RSI 14 is currently neutral as a result of not trading through a specific direction.

Outlook:  

It is expected that, in case of the digital currency break the $ 0.28 zone, the Ripple (XRP) may target the $ 0.2464 area.
On the other hand, if the cryptocurrency breaches the $ 0.2916 level, the Ripple (XRP) might target $ 0.3202.
Support: 0.2814- 0.2672- 0.2464
Resistance: 0.2934- 0.3008 - 0.3071
Trend: Neutral

Bitcoin Cash "BCH" Technical Analysis | 19 August 2019

Bitcoin Cash (BCH) For the second day in a row, it failed during yesterday's trading to break the $ 301.30 areas as it fails to penetrate the $ 321 zones due to weak buyers' determination.
Bitcoin Cash "BCH" Technical Analysis | 19 August 2019Cryptocurrency Bitcoin Cash (BCH), Our outlook is neutral at the moment as a result of trading through a narrow range between $ 301.30 levels and up to $ 321 zones over the 60-minute interval.
The ADX is currently neutral.
SMA 20 is neutral due to overlap with price action.
Momentum RSI 14 Our outlook is neutral at the moment due to lack of direction trading.

Outlook:   

It is expected that, in the event of a digital currency breakthrough area of ​​321 USD, Bitcoin Cash (BCH) may target zone of $ 351.22.
On the other hand, in case of Bitcoin Cash (BCH) break level of $ 296.50, a digital currency may target $ 271.44.
Support: 302.86- 286.43 - 271.44
Resistance: 319.47- 334.04- 355.07
Trend: Neutral

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