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#Daily Price Analysis

ETH down down down. Ethereum Price Analysis 5 Oct

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Ethereum price is mostly uniting against the US Dollar and bitcoin. ETH/USD could decrease by and by if there is no nearby over the $224-225 resistance.

Ethereum Key Features

  • Ethereum price is confronting a solid resistance close to the past support at $224-225 against the US Dollar.
  • There is a declining divert set up with resistance at $223 on the hourly diagram of ETH/USD.
  • The pair needs to break the $223 and $224 resistance levels to pick up footing in the close term.

Ethereum price is mostly uniting against the US Dollar and bitcoin. ETH/USD could decrease by and by if there is no nearby over the $224-225 resistance.

 

Ethereum Price Analysis

Recently, there was a not too lousy recuperation over the $220 level in Ethereum price against the US Dollar. The ETH/USD pair likewise moved over the 23.6% Lie retracement level of the last drop from the $240 swing high to $214 low. Be that as it may, the upside move confronted a solid resistance close to the past support at $224-225. Ethereum price neglected to settle over the $224 resistance and is right now moving south.

It is presently exchanging beneath the 23.6% Lie retracement level of the ongoing upside move from the $214 low to $225 high. All the more significantly, it appears as though the 100 hourly basic moving normal is going about as a sharp boundary close $223.50. There is additionally a declining divert set up with resistance at $223 on the hourly outline of ETH/USD. Subsequently, ethereum price needs to break the $223 and $224 resistance levels to exchange promote higher. The following key resistance to the topside is close $234, which is the past swing high. On the drawback, the 61.8% Lie retracement level of the ongoing upside move from the $214 low to $225 high at $218 is an immediate support.

 

ETHUSD Price Chart 5 October

ETHUSD Price Chart 5 October

 

Taking a gander at the diagram, Ethereum price is attempting to outperform the $224 resistance. If venders drive ETH price underneath the $218 support, there could be a drawback break towards the $214 and $212 levels.

Hourly MACD – The MACD is somewhat put in the bearish zone.

Hourly RSI – The RSI is as of now underneath the 50 level.

Significant Support Level – $218

Significant Resistance Level – $224

#Daily Price Analysis

XMR Daily Trading Signals: 24 October

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Dominant bias for MONERO (XMR)- Ranging

Resistance Levels- $114.00, $116.00, $118.00

Support Levels- $104.00, $102.00, $100.00

 

XMR is in a range-bound market. The bears lost momentum at 106.24 in the support area on 22nd October. The bulls’ gradual return was signaled with a bullish engulfing candle that broke the 34 EMA and XMRUSD was up at 107.98 in the support area. Increased bullish momentum saw XMRUSD at 112.85 in the resistance area on 23rd on October. but closes with a wick which implies the bear are gradually back within the range

 

XMR 4-hour chart

XMR 4-hour chart

 

XMR Price is above the 34 EMA and the relative strength index is at 66% but it signal points down which implies downward movement within the range may occur.

XMR is in consolidation and trading between $112.42 in the upper resistance area and at $105.14 in the lower support area of the range. Traders are advised to be patient at this critical period for a breakout at the upper resistance area or a breakdown at the lower support area before taking a position.

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#Cardano Price Analysis

ADA Daily Trading Signals: 24 October

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Dominant bias for CARDANO (ADA)- Bearish

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Levels- $0.07000, $0.06800. $0.06600

 

ADA is in a bearish trend.  After the loss of the bullish pressure that saw ADAUSD at $0.07939 in the resistance area on 21st October, the bears’ return was gradual. Initially, the cryptocurrency was down to $0.07680 in the support area before closing same day. The increased bearish pressure led ADAUSD to $0.07610 before minor bullish pullback on 22nd October that pushed the cryptocurrency up $0.07771 in the resistance area. Today’s 4-hour opening candle at $0.07616 formed a bearish railroad an indication that the bears are back and price may head south.

 

ADA 4-hour chart

ADA 4-hour chart

 

Price is below the 34 EMA a plus to the bears’ pressure coupled with the relative strength index signal pointing down it implies downward price movement of the cryptocurrency may be inevitable.

The downward trendline serves as a strong resistance. Each touch of price on it result in a breakdown. A breakdown may be expected as the price is around it. $0.07200 in the support area may the initial bears’ target

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#Daily Price Analysis

XRP Daily Trading Signals: 24 October

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Dominant bias for XRP- Ranging

Resistance Levels- 0.6000 $0.6500, $0.7000

Support Levels- $0.3500, $0.3000. $0.2500

 

XRP continues in a range-bound market. The bears successfully took control of the market after the formation of a bearish railroad at $4617. XRP was initial down to $4567 and later to $4444 in the support area. Attempts to continue the downward journey within the range was rejected as a doji was formed, a good signal for reversal. The bulls did return and took XRP to $4853 in the resistance area.

 

XRP 4-hour chart

XRP 4-hour chart

 

The morning star formation was confirmation for the bullish takeover within the range. The price rose $0.48534 in the resistance area.

Price is above the two EMAs and the stochastic oscillator at 45% and its signal points up. This implies upward price movement within the range due to the bullish increased momentum.

XRP is in consolidation and trading between $0.4819 in the upper resistance area and at $0.4425 in the lower support area of the range. Traders should be patient at this period and allow a breakout at the upper resistance area or breakdown at the lower support area before taking a position with good reversal candlestick pattern that confirms the direction.

 

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