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#Daily Price Analysis

ETH going back to $170? Ethereum Price Analysis 11 Oct

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Ethereum price declined and broke critical supports against. ETH/USD could revise higher, yet upsides could be capped close $208-209.

Ethereum Price Key Features

  • Ethereum price declined strongly and broke the $220 and $214 support levels against the US Dollar.
  • There was a break beneath a fleeting bullish pattern line with support at $222 on the hourly chart of ETH/USD (information feed through Kraken).
  • The pair even broke the $200 support and exchanged as low as $193.

Ethereum price declined and broke critical supports against the US Dollar and bitcoin. ETH/USD could revise higher, yet upsides could be capped close $208-209.

Ethereum Price Analysis

There were numerous dismissals noted around the $226 and $230 levels in Ethereum price against the US Dollar. The ETH/USD pair responded to the drawback and broke numerous supports close to the $220 level. It cleared the way for venders to take control and ethereum price declined over 8%. There was even a nearby underneath the $214 support level and the 100 hourly basic moving normal.

To start the decrease, there was a break underneath a transient bullish pattern line with support at $222 on the hourly chart of ETH/USD. The decrease was with the end goal that ethereum price even broke the $200 support and exchanged as low as $193. Right now, ETH price is revising above $200. Purchasers cleared the 23.6% Lie retracement level of the ongoing decay from the $224 high to $193 low. Be that as it may, there are numerous obstacles on the upside close to the $208 and $209 levels. All the more critically, the half Lie retracement level of the ongoing decay from the $224 high to $193 low is close $209.

 

ETHUSD Price Chart 11 October

ETHUSD Price Chart 11 October

 

Taking a gander at the chart, Ethereum price may recoup a couple of focuses, however, it is probably going to confront leaps close to the $209 level. On the drawback, if there is a break beneath the $194-195 support, there could be more misfortunes towards $180.

Hourly MACD – The MACD is demonstrating substantial offering weight in the bearish zone.

Hourly RSI – The RSI is presently set around the extraordinary oversold levels with a modest rectification flag.

Significant Support Level – $195

Significant Resistance Level – $209

#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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