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#Daily Price Analysis

Ethereum Price Analysis ETH/USD Bullish Pattern, 26 July.

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Ethereum price is attempting to pick up force against the US Dollar and bitcoin. ETH/USD must hold the $465 support to skip back in the close term.

Ethereum Price Key Highlights

  • Ethereum price moved a couple of focuses bring down in the wake of exchanging as high as $485.71 against the US Dollar.
  • There is a noteworthy bullish pattern line set up with support at $470 on the hourly chart of ETH/USD (information feed by means of Kraken).
  • The pair is exchanging over a couple of critical support levels like $465 and $470.

Ethereum price is attempting to pick up force against the US Dollar and bitcoin. ETH/USD must hold the $465 support to skip back in the close term.

Ethereum Price Trend

Recently, there was a decent upside move over the $470 resistance in Ethereum price against the US Dollar. The ETH/USD combine spiked over the $485 level and shaped a high at $485.71. Afterwards, the price began a drawback rectification and exchanged beneath $475. It broke the 23.6% Fib retracement level of the last wave from the $445 swing low to $485 high.

In any case, the decrease was ensured by a key support close $465 and the 100 hourly straightforward moving normal. The half Fib retracement level of the last wave from the $445 swing low to $485 high additionally went about as a solid support. Also, there is a noteworthy bullish pattern line set up with support at $470 on the hourly chart of ETH/USD. It appears as though there is an imperative support shaped close $465 and the 100 hourly SMA. For whatever length of time that the price is over the $465-470 support zone, it could skip back. On the off chance that it neglects to hold $465, there may maybe be a push back towards the $455 level.

ETHUSD Price Chart 26 July

ETHUSD Price Chart 26 July

Taking a look at the chart, Ethereum price is holding the $465 support extremely well. All the more critically, the pattern line and the 100 hourly SMA close $468 can likewise be considered as a purchase zone. On the upside, a break over the $485 high is probably going to clear the way for more picks up.

Hourly MACD – The MACD is as of now unbiased in the bearish zone.

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

Real Support Level – $465

Real Resistance Level – $485

#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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