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#Daily Price Analysis

Ethereum Price Analysis: ETH/USD Falling Intensely, 8th August.

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Ethereum price dropped intensely. ETH/USD is currently well beneath $390 and is ready to expand misfortunes in the close term.

Ethereum Price Key Features

  • Ethereum price fell pointedly and broke the $400, $390 and $380 support levels against the US Dollar.
  • The current week’s taken after critical bearish pattern line avoided increases close $406 on the hourly outline of ETH/USD (information feed by means of Kraken).
  • The match is at present remedying higher, however it is probably going to confront merchants close to the $380 and $390 levels.

Ethereum price dropped intensely against the US Dollar and bitcoin. ETH/USD is currently well beneath $390 and is ready to expand misfortunes in the close term.

Ethereum Price Pattern

Recently, there was a minor upside move above $405 in Ethereum price against the US Dollar. Be that as it may, the ETH/USD combine neglected to clear a couple of vital obstacles close to the $405 and $408 levels. The price confronted a strong resistance close to the 100 hourly basic moving normal and $308. Besides, the 76.4% Lie retracement level of the last slide from the $414 high to $401 low kept an upside break.

In conclusion, the current week’s taken after urgent bearish pattern line averted increases close $406 on the hourly outline of ETH/USD. The match dropped pointedly and broke many support levels, for example, $400, $390 and $380. Another weekly low was shaped at $367.71 and the price is at present combining misfortunes. It adjusted a couple of focuses and tried the $380 level, which went about as a resistance. Besides, the 38.25 Lie retracement level of the ongoing decrease from the $410 high to $367 low additionally went about as a resistance. Going ahead, the price may maybe move a couple of focuses above $380, yet it is probably going to confront a solid resistance close $395-400.

ETHUSD Price Chart 8th August

ETHUSD Price Chart 8th August

Taking a gander at the outline, Ethereum price moved into a bearish zone beneath $390. On the off chance that it neglects to recoup and breaks the $370 support region, it could quicken misfortunes towards the $350 level.

Hourly MACD – The MACD is picking up pace in the bearish zone.

Hourly RSI – The RSI is put vigorously in the oversold zone with numerous bearish signs.

Real Support Level – $370

Real Resistance Level – $390

#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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