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#Daily Price Analysis

Ethereum Price Analysis: ETH/USD Sliding Downwards, 3 August.

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Ethereum price is feeling the squeeze against the US Dollar and bitcoin. ETH/USD broke key support at $285, opening the entryways for more misfortunes.

Ethereum Price Key Features

  • Ethereum price declined strongly and spiked beneath the $400 support region against the US Dollar.
  • There is a noteworthy declining divert set up with resistance at $410 on the hourly chart of ETH/USD (information feed through Kraken).
  • The match is set in a downtrend underneath $410 and $420 and it could decrease encourage in the close term.

Ethereum price is sliding forcefully against the US Dollar and bitcoin. ETH/USD is experiencing strain and it could decay advance underneath $395.

Ethereum Price Slide

There was a modest adjustment over the $420 level in Ethereum price against the US Dollar. In any case, the ETH/USD combine neglected to move over the $422 and $424 levels and declined by and by. It moved down and broke yesterday’s low close to the $410 level. Merchants picked up control and drove the price beneath the $400 level. A new low was framed at $398.31 and ethereum price is at present uniting.

On the upside, an underlying resistance is close to the 23.6% Lie retracement level of the last drawback move from the $424 high to $398 low. Over the $404 level, the following obstacle is close to the $408 level. In addition, there is a noteworthy declining direct set up with resistance at $410 on the hourly chart of ETH/USD. The channel resistance is close to the half Lie retracement level of the last drawback move from the $424 high to $398 low. Subsequently, there are unmistakably numerous obstacles on the upside close to the $408-410 zone. Over this, the price is probably going to adjust over the $415 and $420 levels.

ETHUSD Price Chart 3 August

ETHUSD Price Chart 3 August

Taking a gander at the chart, Ethereum price is under a ton of bearish weight beneath $410. On the off chance that it neglects to remain above $398-400, it could slide further. The following supports are at $395 and $384, trailed by the immensely essential $375.

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

Hourly RSI – The RSI is as of now well beneath the 40 level and is flagging more misfortunes.

Significant Support Level – $398

Significant Resistance Level – $410

#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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