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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 24 April 2019

2019-04-24 08:05 am | Resource: Technical Analysis Section | No Views : 54

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 24 April 2019 Get know about technical analysis of the Bitcoin - Ethereum - Bitcoin Cash - Ripple contracts on 24 April, with potential price forecasts.

Bitcoin "BTC" Technical Analysis | 24 April 2019

The Bitcoin (BTC) hit $ 5653 this morning, the highest since the second half of November last year.
The pressure of bulls on the most encrypted currency traded around the world to recoil from the areas of $ 5382 during yesterday morning and continue to rise yesterday through the morning.
Bitcoin "BTC" Technical Analysis | 24 April 2019
The digital currency is trading in a bullish direction currently on the 60 minute (hour) interval. It succeeded in stabilizing above the $ 5500 area with retesting during the morning session.
The (ADX) indicator indicates a rising trend strength with the rebound beginning from $ 5500 areas.
The SMA 20 represents a very important support area currently.
The index of the moment of the makd by default settings its signal turned bearish during the trading yesterday evening as a result of the bear pressure on it.

Outlook:

It is expected that, in the event of a digital currency breakout $ 5637 zones, Bitcoin (BTC) may target $ 5,800.
On the other hand, in the case of Bitcoin (BTC) break zones of $ 5500, digital currency may target $ 5403.
Support: 5500- 5250-5009
Resistance: 5800-6000- 6234
Trend: Up

Ethereum "ETH" Technical Analysis | 24 April 2019

Ethereum (ETH) failed to breach the $ 178.02 high as it failed to breach the bearish trend line during yesterday's trading due to weak demand.
Thus the encrypted currency dropped to break $ 171.24 and continued to fall towards $ 166.63.
Ethereum "ETH" Technical Analysis | 24 April 2019
The digital currency is trading in a bearish direction on the 60-minute interval. This trend supports the break of the ascending trend line that occurred during the first hours of the morning.
We recommend selling in the case of a negative price behavior at the broken bullish trend line or in the case of a broken $ 167.12.
The ADX indicator is currently bearish and with retesting the broken bullish trend line it started to indicate a weak current bearish trend.
The simple moving average 10 and the slow moving SMA 20 are currently bearish and were confirmed with a break of $ 173.44.
The MACD indicator with normal settings is bearish.

Outlook:

It is expected that, in the case of digital currency break areas of $ 167.12, Ethereum (ETH) may target $ 162.03.
While, in the case of the Ethereum (ETH) break of area of $ 171.24, digital currency may target the area of ​​175.60 $.
Support: 164.53 - 160.00 - 153.66
Resistance: 171.24 183.82 193.96
Trend: Down

Ripple "XRP" Technical Analysis | 24 April 2019

The Ripple (XRP) after the start of yesterday's trading a few hours rebounded from the areas of $ 0.3217 and continued to rise to the areas of $ 0.3265 supported by the growing demand for them.
During yesterday's trading, the coded currency started to fall as a result of pressure on the bear to break the level of $ 0.3202 and continued to fall as far as $ 0.3152.
Ripple "XRP" Technical Analysis | 24 April 2019
The Ripple (XRP) is now neutral with trading between $ 0.3167 and $ 0.3301 on the 60-minute interval, and we do not recommend trading it until it takes a specific direction to trade.
The (adx) indicator is currently not important.
The SMA 20 represents a very important resistance area currently.
Momentum Relative Strength 14 So far, our outlook is neutral with no change.

Outlook:

It is expected that, in the case of the Ripple (XRP) break the region of $ 0.3170, the digital currency may target the area of ​​$ 0.3008.
While in the case of the Ripple (XRP) breach to the level of $ 0.3202, digital currency may target $ 0.3268.
Support: 0.3008 - 0.2942- 0.2814
Resistance: 0.3202 -0.3288- 0.3373
Trend: neutral

Bitcoin Cash "BCH" Technical Analysis | 24 April 2019

Bitcoin Cash (BCH) breached the bearish trend line during yesterday's trading and due to weaker buyers' sentiment, it dropped towards $ 277 areas with pressure from the bear.
Bitcoin Cash "BCH" Technical Analysis | 24 April 2019The digital currency Bitcoin Cash (BCH) is trading in a downtrend direction in the configuration needs This trend supports technical indicators that indicate the strength of the bearish trend on the hourly interval.
However, we recommend buying in the case of positive price behavior at the upside trend line or in the breach of $ 288.50 to take advantage of the bounce.
The ADX is pointing to the strength of the current bearish trend in trading above 60 pips.
The SMA 20 is currently bearish.
Momentum RSI 14 broke the bullish trend line during yesterday's trading as a result of the pressure of the sellers and returned again to trade in a bearish trend in formation.

Outlook:

It is expected that, in the event of a digital currency breakout area of $ 288.50, Bitcoin Cash (BCH) may target area of $ 295.80.
While, in the case of breaking the encrypted digital currency Level $ 277.90, Bitcoin Cash (BCH) may target $ 264.70.
Support: 286.44- 271.44- 250.34
Resistance: 319.47 - 334.04 - 343.78
Trend: Down

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