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Bitcoin, Ethereum, Ripple, Bitcoin Cash Daily Technical Analysis | 12 February 2018

2018-02-12 07:25 am | Resource: Technical Analysis Section | No Views : 219

Bitcoin, Ethereum, Ripple, Bitcoin Cash Daily Technical Analysis | 12 February 2018 In January and December, digital currencies suffered a sharp downward trend as a result of several negative news we mentioned earlier. We also noted a rebound in some of the coded currencies in previous reports as well.

BTC/USD Daily Technical Analysis | 12 February 2018

The digital currency "Bitcoin" failed to breach the sub-descending trend line on the hourly interval as it failed to stabilize above the 8303 area which is very important due to the weakness of the currency currently and continuing to suffer from some negative news.
Iceland may impose taxes on mining virtual currencies due to its high energy consumption.
BTC/USD Daily Technical Analysis | 12 February 2018
The digital currency is trading in a minor upside direction while the downside trend is still the main trend on the hourly frame and the 20 SMA represents a support area for the encoded currency.
From the chart above, there is a classic reversal pattern, a positive head and shoulders under formation. If a neckline breaks, the currency will gain a lot of strength and achieve great targets.
Momentum RSI 14 is trading in a bullish direction in formation and breached the bearish trend line during early morning trading to indicate a potential breach of the strong $ 8303 area in the coming hours.
It is expected that, in the case of penetration of the most traded electronic currency level 8303 may target areas of 9380 while in the case of break, 7839 levels may target 7178.
Support: 6650-5009- 4682
Resistance: 8303 - 10000 - 11508
Trend: Up

ETH/USD Daily Technical Analysis | 12 February 2018

Our view of the trading of the Ethereum neutral currency as a result of breaking the secondary upward trend line during the trading on Saturday but without confirmation so far, and failed to penetrate the areas of 826.26, which we noted during the report last week that these levels are very important and penetrated to end the negative expectations of the currency significantly.
 Archeology
ETH/USD Daily Technical Analysis | 12 February 2018
The MACD with regular settings indicates weakness of all sellers and buyers and the ADX indicator indicates a weakness of the current trend over the interval of 240 minutes and we do not recommend trading currently on the encrypted currency.
It is expected that, in the case of breaking the digital currency of great importance after the initialization area 773.22 may target the area of ​​637.39, while in the case of penetration of the area of ​​826.26 may target the currency 1021.
Support: 721.54 -599.93 460.76
Resistance: 1070.74- 1377.77 -1663.87
Trend: neutral

XRP/USD Daily Technical Analysis | 12 February 2018

By the end of the first week of this month, the encrypted digital currency "Ripple" broke the bearish trend line on the 4-hour time frame due to a very important rumor that a big deal with a UAE bank might have taken place, leading to a rise in the electronic currency of the bank.
XRP/USD Daily Technical Analysis | 12 February 2018
Currently, the default currency is trading in a major bullish direction, a minor ascending trend in formation, and a simple 20 SMA
The Momentum Relative Strength 14 indicates weakness of buyers' current momentum as a result of breaking the ascending trend line and the index failed to stabilize above the 70 area.
It is expected that, in the case of a breach of the encrypted currency area of ​​1.14 may target 1.42 levels while in the case of break of 0.8920 areas may target 0.63.
Support: 0.63- 0.6304- 0.4705
Resistance: 1.14- 1.42- 1.6040
Trend: Up

BCH/USD Daily Technical Analysis | 12 February 2018

Bitcoin cash is trading in a major bearish direction over the 4 hour interval. Yesterday, the coded currency attempted to break through the minor bearish trend line but the breach failed and failed to complete the downside, thus our view is currently neutral on the renegotiated currency.
BCH/USD Daily Technical Analysis | 12 February 2018
The 20 SMA is also neutral.
Momentum RSI 14 Our view of it is neutral, trading in a narrow range between the top and bottom levels.
It is expected that, in case of breaking 1191.66 currency area may target 858.12 on the other side in the event of a breach of 1343.88 may target the currency 1710.89.
Support: 758.23- 522.88- 391.54
Resistance: 1343.88- 1778.68- 2044.89
Trend: neutral

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