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#Daily Price Analysis

ETH now stable? Ethereum Price Analysis 8 Oct

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Ethereum price stayed above key supports against the US Dollar and bitcoin. ETH/USD is set pleasantly for more increases over the $214 drift support.

Ethereum Price Key Features

  • Ethereum price is holding the $220 support level exceptionally well against the US Dollar.
  • There is a here and now interfacing bearish pattern line framed with resistance at $225 on the hourly outline of ETH/USD.
  • The pair should clear the $225, $228 and $230 resistance levels to pick up energy in the close term.

Ethereum price stayed above key supports against the US Dollar and bitcoin. ETH/USD is set pleasantly for more increases over the $214 drift support.

 

Ethereum Price Analysis

As of late, there was a strong support base framed close to the $219-220 zone in Ethereum price against the US Dollar. The ETH/USD pair began an upside move and settled over the $222 level. There was additionally a break over the 23.6% Lie retracement level of the ongoing decrease from the $230 high to $220 low. Also, the price exchanged over the $224 level and settled over the 100 hourly straightforward moving normals.

Be that as it may, the upside move was topped by the $225-226 resistance zone. All the more critically, there is a here and now associating bearish pattern line framed with resistance at $225 on the hourly diagram of ETH/USD. Furthermore, the half Lie retracement level of the ongoing decrease from the $230 high to $220 low is likewise going about as a resistance. If purchasers push the price over the pattern line and $226, there could be more gains. The following real resistance on the upside above $226 is close to the $230 level, which is likewise a noteworthy rotate level. On the drawback, an underlying support is close to the $222 level and the 100 hourly SMA.

 

ETHUSD Price Chart 8 October

ETHUSD Price Chart 8 October

 

Taking a gander at the outline, Ethereum price is set pleasantly over the $222, $220 and $214 support levels. For whatever length of time that the price is over the $214 rotate level, there are odds of an upside move. In the specified case, the price will in all probability move over the $225-226 resistance zone.

Hourly MACD – The MACD is gradually moving in the bullish zone.

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

Significant Support Level – $220

Significant Resistance Level – $226

#Cardano Price Analysis

ADA Daily Trading Signals: 19 October

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ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

Dominant bias for CARDANO (ADA) – Ranging

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Level-$0.07000, $0.06800. $0.06600

 

ADA is in a range-bound market   The loss in bullish momentum at $0.08091 in the resistance area for the continued upward journey after the retest gradually set the bears back in the market. The doji opening candle of 18th October at $0.08001 followed by the bearish hammer confirmed the bears’ takeover. ADAUSD was initially down to $0.07752. Increased bears pressure pushed the cryptocurrency further down to $0.07537 in the support area as ADAUSD enters the range.

ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

 

ADA 4-hour chart

ADA 4-hour chart

 

ADA is in consolidation and trading between $0.08050 in the upper supply area and at $0.07200 in the lower demand area of the range. A breakout at the upper resistance area or breakdown at the lower support area may occur hence patience is required for either to happen. Confirmation with good reversal candles after retest will be of great importance.

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#Daily Price Analysis

XRP Daily Trading Signals: October 19

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Dominant bias for XRP – Bullish

Resistance Levels- 0.6000 $0.6500, $0.7000

Support Level-$0.3500, $0.3000. $0.2500

 

XRP had a temporary drawdown which is a plus to the cryptocurrency on its journey to the moon. The bullish opening of 18th October at $0.4832 expected to push the price of XRP up showed exhaustion as the candle closes with a wick. This returned the bears to market.  The bears’ pressure was strong as XRPUSD initially down to $0.4719. With increased bearish momentum, the cryptocurrency went further down to $0.4560 in the support area as the trading session runs to a close

Apparently, the pullback was necessary for the market correction before uptrend continuation. The retracement was within the 50.0 fib level a trend reversal zone. The implication is that the bulls still lurk in the market and a strong comeback may occur sooner than expected. Moreover, the broken diagonal line in the Fibonacci is another great tool. Each time price touches it, it bounces off it. A bounce may also be expected if price makes a touch at it before going up.

 

XRP 4-hour chart

XRP 4-hour chart

 

The 200 EMA is seen acting as a strong support for bullish movement as XRP price lies above it. The stochastic oscillator signal points down at 32% which suggest minor downward price movement may occur before uptrend continuation.

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#Bitcoin Price Analysis

BTC Daily Trading Signals: October 19

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BTC Price remains in a range-bound market. The strong bearish pressure within the range was dominant as BTC witness drawdown.

Dominant bias for Bitcoin (BTC) –Ranging

Resistance Levels- $6800, $6900, $7000

Support Level-$6000, $5900. $5800

 

BTC remains in a range-bound market. The strong bearish pressure within the range was dominant as BTC witness drawdown. Despite a bullish 4-hour opening at $6735.6 on 18th October that led to the high of the day at $6779.9, the bear takeover was confirmed by the next bearish candle. BTCUSD was down to $6609.3 in the support area.

Though $6607 was the low BTCUSD made on 17th October with the current strong bearish pressure, a lower low may be attained at the end of trading session.

 

BTC 4-hourchart

BTC 4-hour chart

 

BTC Price is below the 10 EMA but sits on the 200 EMA. A break below the 200-EMA may see the bear taking BTCUSD to the 6300 area. The stochastic oscillator is in the oversold region but its signal points down which implies further downward price movement within the range.

BTCUSD is in consolidation and trading between $6800 in the upper resistance area and at $6300 in the lower support area of the range. A breakout at the upper area will be good for a long while a breakdown at the lower area suggests shorting the cryptocurrency.

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