Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 9 January 2019
2019-01-09 08:40 am | Resource: Technical Analysis Section | No Views : 68
Bitcoin Technical Analysis | 9 January 2019
Bitcoin (BTC) During yesterday's trading, the upper rib of the previously mentioned classic pattern broke and continued to rise until it failed to breach the $ 4212 area.
Bitcoin is a neutral view of the breach of the upper rib of the classical symmetrical triangle, and also of the return of trading within the limits of the limousine candle between $ 4212 and $ 3933.
The index of ADX confirms our neutral view of trading below 20 pips.
The SMA 20 is neutral as a result of the overlap with the price action.
Momentum Relative Strength 14 Our view is neutral as a result of not trading in a specific direction currently.
It is expected that, in the event of digital currency penetration of the areas of 4212 $, the areas may target $ 4407.While, in the case of breaking the digital currency Bticoin zones $ 4071 may target the encrypted currency $ 3712.
Support: 4093- 3807-3657
Resistance: 4250-4398 - 4616
Ethereum Technical Analysis | 9 January 2019
Ethereum (ETH) failed to continue to decline during yesterday's trading due to weaker sellers' resolve, thus rebounding from the $ 145.85 zones.The encrypted currency continued to rise up to $ 157.55 zones.
The digital currency of ethereum our current neutral view is the result of trading within a narrow range between $ 157.50 areas and even $ 150.58 zones on the hourly interval.
The ADX index confirms our neutral view of not trading in a clear direction.
The simple moving average 10 and the slow moving SMA 20 are neutral due to the confirmation of the positive cross that took place this morning.
The MACD torque indicator with regular settings is currently neutral.
Outlook:It is expected that, in the case of breaking the digital currency areas $ 145.85 may target the digital currency $ 138.91.
While, in the case of a digital currency break the ethereum area $ 150.58 may target the area of $ 162.56.
Support: 153.66 - 145.31 - 138.00
Resistance: 171.24 183.82 193.96
Ripple Technical Analysis | 9 January 2019
Yesterday, the Ripple (XRP) was rebounding from the $ 0.355 area and continued to rise as far as $ 0.3674. Due to weaker buyers' sentiment, the currency dropped towards $ 0.3575.The Digital Currency Ripple, Our current neutral view on the 60-minute time frame is due to lack of trading in a clear direction as we noted in yesterday's report.
SMA 20 is neutral as a result of overlapping with price action.
Momentum Relative Strength 14 is currently neutral as a result of non-trading in a specific direction.
Outlook:We expected no change due to the absence of significant price movements, in the event of a break of the Ripple for $ 0.3565, the encrypted currency might target $ 0.3379.
While in the case of a break of the ripple to the level of $ 0.3719 may target $ 0.4090.
Support: 0.35 -0.3288 - 0.300
Resistance: 0.3787 - 0.4165 - 0.4366
Bitcoin Cash Technical Analysis | 9 January 2019
Bitcoin Cash (BCH) during the morning trading yesterday failed to break the lower border and during the trading yesterday evening failed to penetrate the upper limits and therefore landed again towards these areas.The digital currency has been trading in an occasional direction as a result of continuing trading through the classic symmetrical triangle model.
Currently, we are seeing an end to the cross-trend and the beginning of a new direction that provides a good trading opportunity.
The ADX indicator confirms that there is no specific direction at the moment to trade below the 10-point area.
The SMA 20 is neutral as a result of not trading in a specific direction.
Momentum RSI 14 is floating in a horizontal direction between the upper and lower ribs of a classic symmetrical triangle pattern.
Outlook:It is expected that, in the event of a digital currency Bitcoin Cash breakout Area $ 162.20 USD may target the currency zone $ 175.00.
However, in the case of a break of the Bitcoin Cash level of $ 155.20 may target the digital currency $ 147.43.
Support: 150.00 - 132.93 - 122.67
Resistance: 175.00 - 200.00 - 277.92
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