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Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 26 April 2019

2019-04-26 08:43 am | Resource: Technical Analysis Section | No Views : 55

Bitcoin - Ethereum - Ripple - Bitcoin Cash Technical Analysis | 26 April 2019 Technical analysis of the most important currencies in the market: Bitcoin, Ethereum, Ripple, and Bitcoin Cash, with recommendations and its expected prices.

Bitcoin "BTC" Technical Analysis | 26 April 2019

Bitcoin (BTC) With the approaching end of trading, it failed to break through $ 5,500 due to poor demand, and therefore it dropped towards $ 5096 during the morning session.
The encoded currency rebounded from these levels to retest the initial resistance area of ​​$ 5500 and corrected above the previous 0.618 Fibonacci level during early morning trading.
Bitcoin "BTC" Technical Analysis | 26 April 2019The digital currency Bitcoin (BTC) is trading in a bearish direction under configuration and suffers from a weak trend as the price behavior shows the result of the bounce that occurred on the hour interval.
And also due to the position of technical indicators that do not support the current bearish trend.
The indicator (IDX) in the position does not support the current bearish trend.
The SMA 20 is still bearish.
The index of the moment of the makd by the default settings its signal turned to rise during morning trading without confirmation.

Outlook:

It is expected that, in the event of a digital currency breakout the $ 5493 zones, Bitcoin (BTC) may target $ 5619.
While, in the case of Bitcoin (BTC) breakout areas of $ 5338, the digital currency may target $ 5208.
Support: 5250-5009 - 4902
Resistance: 5500- 5800-6000
Trend: Down

Ethereum "ETH" Technical Analysis | 26 April 2019

Ethereum (ETH) overnight trading failed to break through $ 164.53 due to weaker buyers' resolve, thus falling to $ 149.37 this morning.
Ethereum "ETH" Technical Analysis | 26 April 2019The digital currency is currently trading in a bearish direction. This trend is weak due to the rebound which occurred in 0.618 Fibonacci zones on the hourly interval.
We recommend selling or buying as we explained in the outlook to avoid hanging in Tadawul.
The ADX index over the last few hours has re-indicated negative territory again.
The simple moving average 10 and the slow moving SMA 20 are currently bearish, supporting the current bearish trend.
And the index of the momentum of the MACD by the normal settings, his signal turned down during yesterday morning trading.

Outlook:

It is expected that, in the case of the digital currency breakout areas of $ 149.37, Ethereum (ETH) may target $ 145.85.
On the other hand, in the case of Ethereum (ETH) breakout areas of $ 161.07, digital currency may target the area of ​​$ 164.53.
Support: 153.66 - 145.85 - 141.37
Resistance: 160.00 - 164.53 - 171.24
Trend: Down

Ripple "XRP" Technical Analysis | 26 April 2019

The Ripple (XRP) could not settle above the $ 0.30 area during yesterday's trading, so it dropped towards $ 0.2849 as sellers pressured it.
Ripple "XRP" Technical Analysis | 26 April 2019
The digital currency is currently neutral, trading between $ 0.2887 and $ 0.3163 for almost two days.
The (ADX) indicator is currently neutral and trading below 20 pips.
The 20 SMA is a neutral view given the overlap with the price action.
Momentum Relative Strength 14 Our outlook is neutral given the lack of a specific direction to trade through it.

Outlook:

It is expected that, in the case of digital currency breakout the $ 0.2882 area, Ripple (XRP) may target the $ 0.2814 area.
While in the case of a Ripple (XRP) breach of $ 0.3050, digital currency might target $ 0.3163.
Support: 0.2942- 0.2814- 0.2672
Resistance: 0.3008 - 0.3202 - 0.3288
Trend: neutral

Bitcoin Cash "BCH" Technical Analysis | 26 April 2019

Bitcoin Cash (BCH) during yesterday's trading fell from the areas of 282.20 $ as a result of the pressure of sellers.
The encoded currency continued to decline as far as $ 255.30 and during the morning session the broken support area was re-tested at $ 271.44.
Bitcoin Cash "BCH" Technical Analysis | 26 April 2019The digital currency Bitcoin Cash is trading in a bearish direction in the current trend trend is weakening as a result of diminishing sellers' resolve on the hourly time frame.
Which does not push us to abandon the positions of the sale, but the position of stop loss in a suitable place, and wait for a positive price behavior to buy and take advantage of the rebound.
The ADX indicator indicates the strength of the current bearish trend at 30 pips.
The SMA 20 indicated that it has now turned bearish.
Momentum Relative Strength 14 is trading in a bearish trend in formation. This trend is weak due to stability failure below 30 pips and also due to a positive technical deviation in formation.

Outlook:

It is expected that, in the event of a digital currency breach the area of $ 268.60, Bitcoin Cash (BCH) may target area of ​​$ 280.00.
While, in the case of Bitcoin Cash (BCH) breakout the Level of $ 255.30, the digital currency may target $ 227.92.
Support: 250.34 - 227.92 - 200.00
Resistance: 271.44- 286.44-319.47
Trend: Down

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