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#Daily Price Analysis

Ethereum Price Analysis: ETH/USD Correction in progress, 9th August.

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Ethereum price stayed in a bearish zone against the US Dollar and bitcoin. ETH/USD is as of now redressing higher and it might maybe test the $380 leap.

Ethereum Price Key Features

  • Ethereum price declined intensely and broke the $375 and $360 support levels against the US Dollar.
  • There is a here and now declining channel framed with resistance close to the $362 level on the hourly outline of ETH/USD (information feed by means of Kraken).
  • The combine could adjust higher in the here and now towards the $370, $375 and $380 levels.

Ethereum price stayed in a bearish zone against the US Dollar and bitcoin. ETH/USD is as of now redressing higher and it might maybe test the $380 leap.

Ethereum Price Recuperation

There were further slides in Ethereum price beneath the $375 support level against the US Dollar. The ETH/USD combine even broke the $360 support and spiked beneath the $350 level. A low was shaped close to the $347 level and the price is at present revising higher. It moved over the $355 level, yet there are numerous resistances looking out for the upside to counteract picks up.

The principal jump is the 23.6% Lie retracement level of the ongoing decrease from the $411 high to $347 low close $362. It concurs with a here and now declining channel with current obstruction close to the $362 level on the hourly outline of ETH/USD. A break over the channel resistance and $365 could open the entryways for more recuperations. The following real resistance is close to the $370-375 zone. It speaks to the 38.2% Lie retracement level of the ongoing decrease from the $411 high to $347 low. Over this last, the price may maybe test the $380 resistance level, which is a noteworthy obstacle for more picks up.

ETHUSD Price Chart 9th August

ETHUSD Price Chart 9th August

Taking a gander at the graph, Ethereum price is gradually recouping above $350, however it is probably going to battle over the $370 level. On the drawback, the ongoing low of $347 is a good support. Underneath this, Ethereum Price could quicken decays towards the $320 level in the close term.

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

Hourly RSI – The RSI is amending higher from the oversold zone towards the 45-50 zone.

Significant Support Level – $347

Significant Resistance Level – $375

#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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