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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 12 September 2019

2019-09-12 09:19 am | Resource: Technical Analysis Section | No Views : 16

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 12 September 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 | 12 September 2019

Bitcoin (BTC) during yesterday morning's trading failed to penetrate the resistance areas of $ 10107 and thus fell towards $ 9873, where it failed to break the rising trend line.
The cryptocurrency rebounded $ 10183 and failed to break through the $ 10107 resistance zone.
Bitcoin "BTC" Technical Analysis | 12 September 2019
Bitcoin (BTC) Our outlook is neutral at the moment as a result of not trading through a specific direction on the hourly interval and trading through $ 9954 and up to $ 10181 zones.
The ADX is currently bearish and indicates that the bearish trend is growing stronger over time.
The 20 SMA is currently neutral as it overlaps the price action.
The MACD momentum indicator with default settings is neutral at the moment.

Outlook:  

It is expected that, in case of Bitcoin (BTC) breach of the zone of $ 10218, the digital currency may target $ 10,529.
Whereas, in the case of Bitcoin (BTC) break zones of $ 9925, the cryptocurrency may target  $ 9603.
Support: 9844-9421-9250
Resistance: 10107 - 10699 - 11068
Trend: Neutral

Ethereum (ETH) Technical Analysis | 12 September 2019

Cryptocurrency Ethereum (ETH) rebounded from $ 176.80 yesterday, and continued to rally to $ 180.82 and as bulls dwindled down towards $ 173.33.
Ethereum (ETH) Technical Analysis | 12 September 2019Cryptocurrency Ethereum (ETH), Our outlook is neutral in time. "Since Wednesday's trading (last month), it has been trading in a range between $ 165 and $ 183.84 on the hourly interval."
The ADX is currently neutral as a result of not overlapping with price action.
SMA 10 and SMA 20 are neutral as a result of overlapping price action.
Momentum indicator with normal settings is currently neutral.

Outlook:  

It is expected that, in the event of Ethereum (ETH) breakthrough zones of $ 178.00, the digital currency may target $ 183.82.
On the other hand, if the Ethereum (ETH) breaks the $ 173.33 area, it might target the $ 168.18 zone.
Support: 171.24 - 164.53 - 160.00
Resistance: 183.82- 193.63- 202.71
Trend: Neutral

Ripple (XRP) Technical Analysis | 12 September 2019

Digital currency Ripple (XRP) During yesterday morning trading fell from areas of $ 0.2605 and continued to bleed to areas of $ 0.2520 during morning trading.
Ripple (XRP) Technical Analysis | 12 September 2019
Cryptocurrency Ripple (XRP) so far "Our view is neutral given trading between $ 0.2390 levels and up to $ 0.2876 on the hourly time frame since mid-month trading so far."
The ADX is trading below 20 pips so our view is currently neutral.
The 20 SMA is neutral as a result of overlapping price action.
Momentum RSI 14 Our outlook is neutral for now.

Outlook:  

It is expected that, in the case of Ripple (XRP) break the $ 0.2518 area, the digital currency may target $ 0.2475 area.
On the other hand, if the cryptocurrency breaks the $ 0.2555 area, Ripple (XRP) might target $ 0.2632.
Support: 0.2464- 0.2250- 0.20
Resistance: 0.2672- 0.2814- 0.2934
Trend: Neutral

Bitcoin Cash (BCH) Technical Analysis | 12 September 2019

Cryptocurrency Bitcoin Cash (BCH) During the early hours of yesterday morning failed to penetrate the resistance areas of $ 302.86 due to weak demand, thus falling towards $ 290.40 levels.
Bitcoin Cash (BCH) Technical Analysis | 12 September 2019
Bitcoin Cash (BCH) is trading through a downtrend This trend is weakened by a retest of the $ 299 area that broke yesterday evening on the hourly interval.
The ADX indicator indicates that the strength of the downtrend is decreasing over time.
The 20 SMA is currently bearish.
Momentum RSI 14 is trading through a downtrend that supports this failed trend to break through 50 pips.

Outlook:  

It is expected that, in case of Bitcoin Cash (BCH) breach area of 299.70, Cryptocurrency may target zone of $ 309.02.
On the other hand, if the cryptocurrency breaks the level of $ 290.40, Bitcoin Cash (BCH) may target $ 285.78.
Support: 286.43 - 271.44- 250.00
Resistance: 302.86- 319.47- 334.04
Trend: Down

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