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#Daily Price Analysis

Ethereum Price Analysis: ETH/USD downtrend continues.

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Ethereum price dropped essentially against the US Dollar and bitcoin. ETH/USD is probably going to decrease encourage underneath $250 in the close term.

Ethereum Price Key Features

  • Ethereum price is holding the $400-402 support territory and is at present merging against the US Dollar.
  • There is a pivotal bearish pattern line set up with resistance at $412 on the hourly chart of ETH/USD (information feed by means of Kraken).
  • The combine is confronting numerous resistances on the upside close $412, $416 and $428 for more recuperation.

Ethereum price stays in a downtrend against the US Dollar and bitcoin. ETH/USD should clear the $412 and $728 resistances to pick up footing in the close term.

Ethereum Price Upside Obstacles

There were overwhelming misfortunes underneath $440 this previous week in ETH price against the US Dollar. The ETH/USD combine exchanged underneath $400, yet it later recouped and began solidifying in a range. It appears as though the price is framing a better than average support close to the $400-402 zone. It as of late exchanged over the half Lie retracement level of the ongoing slide from the $420 high to $399 low.

In any case, the price is right now confronting a noteworthy resistance close $412 and the 100 hourly straightforward moving normals. There is likewise a pivotal bearish pattern line set up with resistance at $412 on the hourly chart of ETH/USD. In addition, the 61.8% Lie retracement level of the ongoing slide from the $420 high to $399 low is likewise close $412. Along these lines, a break and close above $412 is required for more pick up in the close term. Over this, the following essential obstacle for a bigger recuperation is around the $428 level. It speaks to a huge rotate level and a hindrance for a push towards the $440 level.

ETHUSD Price Chart 6 August

ETHUSD Price Chart 6 August

Taking a gander at the chart, Ethereum price is at present endeavouring a recuperation above $410, however it confronting numerous obstacles close to the $412, $416 and $428 levels. On the drawback, the $402 and $400 levels are vital supports.

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

Hourly RSI – The RSI is right now situated pleasantly over the 50 level with positive signs.

Real Support Level – $402

Real Resistance Level – $428

#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH/USD set to gain above $600.

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Bitcoin cash price is ready to broaden increases above $600. BCH/USD is put pleasantly over the $550 support territory and the 100 hourly SMA.

Bitcoin Cash Price Key Points

  • Bitcoin cash price is consistently rising and is right now set pleasantly above $550 against the US Dollar.
  • There is a noteworthy bullish pattern line framed with support at $560 on the hourly chart of the BCH/USD combine (information feed from Kraken).
  • The combine looks set to increase encourage over the $590 and $600 resistance levels in the close term.

Bitcoin cash price is ready to broaden increases above $600 against the US Dollar. BCH/USD is put pleasantly over the $550 support territory and the 100 hourly SMA.

Bitcoin Cash Price Trend

There was a not too bad drawback rectification from the $612 high in bitcoin cash price against the US Dollar. The BCH/USD match declined and exchanged underneath the $600 and $560 support levels. In any case, the decay was secured by the $540-550 support zone. A low was shaped close $537 and later bitcoin cash price began a crisp upward move. It exchanged over the 38.2% Fib retracement level of the last slide from the $612 high to $537 low.

Bitcoin cash price additionally exchanged over the $570 level and it is at present combining underneath $590-600. In addition, it is trying the half Fib retracement level of the last slide from the $612 high to $537 low. When it picks up force over the $590 resistance, it will no doubt outperform the $600 resistance. Above $600, bitcoin cash price could return to the last swing high at $612. On the drawback, there is a noteworthy bullish pattern line framed with support at $560 on the hourly chart of the BCH/USD match. All the more critically, it appears as though there is a solid support shaping close $540-550 and the 100 hourly basic moving normal.

BCHUSD Price Chart 20 August

BCHUSD Price Chart 20 August

Taking a gander at the chart, BCH price is situated pleasantly for more increases above $600 as long as it is over the $540 support territory.

Taking a gander at the specialized pointers:

Hourly MACD – The MACD for BCH/USD is set marginally in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is right now well over the 50 level.

Real Support Level – $540

Real Resistance Level – $590

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#Cardano Price Analysis

Cardano Price Analysis: ADA/USD bullish zone, 17 August.

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Cardano price is set in a bullish zone against the US Dollar and Bitcoin. ADA/USD must break $0.1000 for an expanded recuperation in the close term.

Cardano Price Key Features

  • Cardano price recuperated over the $0.090 resistance and is at present combining against the US Dollar (fastened).
  • There is a critical bearish pattern line set up with resistance at $0.0990 on the hourly chart of the ADA/USD combine (information feed by means of Bittrex).
  • The match needs to move over the pattern line and $0.1000 to increase bullish force.

Cardano price is set in a bullish zone against the US Dollar and Bitcoin. ADA/USD must break $0.1000 for an expanded recuperation in the close term.

Cardano Price Analysis

After a sharp decay, Cardano price discovered support close to the $0.0850 level against the US Dollar. The ADA/USD combine exchanged as low as $0.0842 and later began an upside amendment. Cardano price moved over the $0.085 and $0.090 resistance levels. Besides, there was a break over the 38.2% Lie retracement level of the last slide from the $0.1145 high to $0.0842 low.

Right now, Cardano price is exchanging close to an essential resistance at $0.1000 and the 100 hourly basic moving normal. There is additionally a critical bearish pattern line set up with resistance at $0.0990 on the hourly chart of the ADA/USD match. Furthermore, the half Lie retracement level of the last slide from the $0.1145 high to $0.0842 low is at $0.099 to forestall picks up. Should the price outperform the pattern line and $0.1000, it could quicken higher. The following resistance is close $0.1075-0.1080, which was a support before. Over this, the price will in all likelihood test the last swing high close $0.1145.

ADAUSD Price Chart 17 August

ADAUSD Price Chart 17 August

The chart demonstrates that Cardano price is right now exchanging a positive zone above $0.090. Nonetheless, a legitimate close above $0.1000 is required for purchasers to take the inside stage. On the off chance that there is a drawback revision, the $0.092 and $0.090 levels are probably going to hold decreases.

Hourly MACD – The MACD for ADA/USD is set in the bullish zone.

Hourly RSI – The RSI for ADA/USD is at present well over the 50 level.

Real Support Level – $0.0900

Real Resistance Level – $0.1000

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#Daily Price Analysis

Ripple Price Analysis: XRP/USD gaining momentum, 17 August.

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Ripple price is increasing bullish force against the US Dollar and Bitcoin. XRP/USD could keep on moving higher once it settles above $0.3020.

Ripple Price Key Features

  • Ripple price is moving higher and it has settled over the $0.2800 and $0.2900 resistances against the US dollar.
  • Yesterday’s featured key bearish pattern line is nearly broken close $0.3020 on the hourly chart of the XRP/USD combine (information source from Kraken).
  • The combine is probably going to pick up force over the $0.3020 and $0.3080 levels in the close term.

Ripple price is increasing bullish force against the US Dollar and Bitcoin. XRP/USD could keep on moving higher once it settles above $0.3020.

Ripple Price Pattern

Amid the previous two sessions, there were sure moves in Ripple price over the $0.2700 level against the US Dollar. The XRP/USD combine exchanged higher and broke the $0.2800 and $0.2900 resistance levels. It even settled above $0.2900 and the 100 hourly basic moving normal. In addition, there was a break over the 38.2% Lie retracement level of the last decay from the $0.3575 high to $0.2466 low.

The present price activity shows that ripple price could keep on moving higher above $0.3020. At display, yesterday’s featured key bearish pattern line is nearly broken close $0.3020 on the hourly chart of the XRP/USD match. Also, the half Lie retracement level of the last decay from the $0.3575 high to $0.2466 low is at $0.3020. In this way, Ripple price is probably going to quicken higher once it settles over the $0.3020 resistance. The following obstacle for purchasers is close $0.3150, which is the 61.8% Lie level. The last focus for purchasers could be $0.3300, which is the last swing high.

XRPUSD Price Chart 17 August

XRPUSD Price Chart 17 August

Taking a gander at the chart, ripple price is situated pleasantly over the $0.2800 support for more picks up. In the event that there is a drawback rectification, the $0.2850 support and the 100 hourly SMA are probably going to hold misfortunes.

Taking a gander at the specialized markers:

Hourly MACD – The MACD for XRP/USD is put pleasantly in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well over the 50 level and is moving higher.

Real Support Level – $0.2800

Real Resistance Level – $0.3020

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