Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 11 January 2019
2019-01-11 09:53 am | Resource: Technical Analysis Section | No Views : 63
Bitcoin Technical Analysis | 11 January 2019
Bitcoin (BTC) broke the first support area at $ 3807 during yesterday's trading and broke the lower leg and continued to decline as far as $ 3682.Bitcoin is trading in a minor bearish direction supported by the lower leg of a classic symmetrical triangle pattern on the hourly interval, and currently the most frequently traded currency is the lower rib test.
The index (ADX) in the position does not support the current bearish trend.
And the simple moving average 20 indicated by Ajd again for the neutral result of not trading in a specific direction.
Momentum Relative Strength 14 is trading in a bearish trend in formation. This trend is weak due to the breach of 30 pips during morning trading.
It is expected that, in the event of a digital currency breakout of $ 3807 zones, areas may target $ 4093.While, in the case of breaking the digital currency Bitcoin zones $ 3676 the encrypted currency may target $ 3,096.
Support: 3657 - 3376 - 3252
Resistance: 3807 - 4093 - 4250
Ethereum Technical Analysis | 11 January 2019
Ethereum (ETH) broke $ 138.00 and $ 131.69 during yesterday's trading as sellers pressured it and continued to plummet until it rebounded from $ 125.50 support areas.The digital currency is trading in a minor bearish direction. This trend is currently weak due to the failure of the breach of the areas of $ 125.5, and also due to the technical indicators turning to a position that does not support the bearish trend.
The ADX indicator is neutral at the moment.
The SMA 10 and the SMA 20 are neutral as a result of not trading in a specific direction.
And the MACD indicator with the regular settings is pointing upwards without confirmation until now.
Outlook:It is expected that, in the case of breaking the digital currency ethereum areas $ 125.50 may target the digital currency $ 114.75.
While, in the case of a digital currency break the ethereum area $ 131.69 may target the $ 138.00 area.
Support: 125.50 - 114.75 - 101.41
Resistance: 131.69- 138.00- 145.31
Ripple Technical Analysis | 11 January 2019
Ripple (XRP) after breaking the 0.35 area yesterday morning broke the area of 0.3288 $ during yesterday's trading and contact with the area of $ 0.3159 rebounded to $ 0.329.It is worth mentioning that the encrypted currency returned to trade above the first broken support area this morning due to weak sellers' resolve.
The Ripple is trading in a minor bearish direction on the hourly interval. This trend is currently in weakness due to instability below the support area of $ 0.3288.
The ADX indicator indicates a decline in the strength of the bearish trend over time.
SMA 20 is neutral because it is not trading in a specific direction.
Momentum Relative Strength 14 is trading in a bearish direction where signs of weakness are appearing as it closed the highest areas of 30 pips.
Outlook:It is expected that, in the case of a break of the Ripple for the $ 0.3288 region, the encrypted currency may target $ 0.3158.
While in the case of a break of the ripple to the level of $ 0.3398 may target $ 0.3544.
Support: 0.3288 - 0.300- 0.2672
Resistance: 0.35 - 0.3787 - 0.4165
Bitcoin Cash Technical Analysis | 11 January 2019
Bitcoin Cash (BCH) During yesterday's trading, the first support area broke at $ 132.96 and the currency continued to fall as low as $ 126.20.It should be noted that the encrypted currency achieved the target of the classical model during trading yesterday.
The Bitcoin Cash is trading in a bearish direction so far on the hourly interval that is undermined by the breach of the upper rib of a classical bearish wedge pattern.
The index (ADX) is neutral because of its proximity to each other.
The SMA 20 has been bearish so far and is a very important resistance area.
Momentum Relative Strength 14 is trading in a bearish trend in formation. This trend is weak due to a positive technical deviation in the initial configuration.
Outlook:It is expected that, in the event of a digital currency breach the Bitcoin Cash area of $ 134.00 USD may target the currency area of $ 141.67.
While, in the case of breaking the digital currency Level 126.20 $ may target the digital currency $ 122.67.
Support: 122.67 - 110.70 - 93.96
Resistance: 132.93- 150.00- 175.00
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