Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 10 January 2019
2019-01-10 09:11 am | Resource: Technical Analysis Section | No Views : 37
Bitcoin Technical Analysis | 10 January 2019
Bitcoin (BTC), ended our neutral outlook this morning with a break of $ 3953, and as a result of sellers' pressure it continued to fall as low as $ 3862.Bitcoin is trading in a minor downtrend on the 60-minute interval supported by the $ 3965 break which is a very important area, as we have shown in previous reports.
The indicator of (IDX) reference is not important at the moment.
And the 20 SMA turned out to be bearish this morning.
Momentum Relative Strength 14 is trading in a bearish trend in the configuration and below the 30-point area, which strengthens the bearishness of the encoded currency.
Outlook:It is expected that, in the case of digital currency penetration of the areas of $ 3965, areas may target $ 4407.
On the other hand, in the case of breaking Bitcoin areas $ 3884 may target the encrypted currency $ 3740.
Support: 3807 - 3657 - 3376
Resistance: 4093- 4250 -4398
Ethereum Technical Analysis | 10 January 2019
Ethereum (ETH) confirmed the break of the neckline during morning trading and failed to breach the initial resistance area at $ 153.66.Thus it continued to decline until areas reached $ 136.17.
The digital currency is trading in a downtrend on the 60-minute interval supported by a break of $ 145.31 area and the technical indicators support completing the currency for the current downtrend.
The Index (IDX) indicates that, the trend is currently strong and increasing over time.
The simple moving average 10 and the slow moving SMA 20 are bearish.
The MACD indicator with regular settings is currently bearish.
It is expected that, in the case of breaking the digital currency ethereum areas $ 138.00 may target the digital currency $ 131.69.On the other hand, in the case of a digital currency break the ethereum area of $ 145.31 may target the area of $ 152.58.
Support: 138.00- 131.69 - 125.50
Resistance: 145.31- 153.66- 171.24
Ripple Technical Analysis | 10 January 2019
The Ripple (XRP) broke the rising trend line during morning trading and continued to fall as far as $ 0.3419, and is currently retesting the bearish trend line.The digital currency Ripple is our neutral view so far as a result of breaking the ascending trend line and not emphasizing it on the 60 minute interval.
The SMA 20 represents a very important resistance area at the moment.
Momentum RSI 14 is trading in a bearish direction supported by breaking the ascending trend line during yesterday morning trading.
It is expected that, in the case of a break of the Ripple for the $ 0.3445 region, the encrypted currency may target $ 0.3288.On the other hand, in the case of a break of the Ripple to the level of $ 0.3787 may target $ 0.4090.
Support: 0.3288 - 0.300- 0.2672
Resistance: 0.35 - 0.3787 - 0.4165
Bitcoin Cash Technical Analysis | 10 January 2019
Bitcoin Cash (BCH) during yesterday's trading failed to break the lower leg of the classic symmetrical triangle pattern and rebounded to break through the upper rib during morning trading.Then failed to stabilize above and fell to break the lower rib and continued to fall as low as $ 137.70.
Bitcoin Cash is trading in a downtrend on the 60-minute interval supported by the failure of the upper rib break of the classical pattern and breaking the lower leg and breaking the $ 155 area.
The ADX indicator started to indicate a decline in the strength of the bearish trend.
The SMA 20 is currently bearish.
Momentum RSI 14 is trading in a bearish direction supported by a break of 30 pips during morning trading.
It is expected that, in the event of a digital currency breakout the area $ 150.00 USD may target the currency area of $ 159.61.On the other hand, in the case of a break of the digital currency Bitcoin Cash level of $ 137.70 may target the digital currency $ 131.55.
Support: 132.93 - 122.67 - 110.70
Resistance: 150.00- 175.00 - 200.00
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