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#Daily Price Analysis

NEO Price Analysis NEO/USD Downtrend in Progress.

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NEO Price Key Features

  • NEO Price as of late framed a head and shoulders example to flag that a downtrend is in progress.
  • Price has since broken beneath the neck area around $36 to affirm that bears have the high ground.
  • NEO has more space to go south since it could slide by an indistinguishable range from the example and technical markers recommend so.

NEO Price broke underneath the neck area of its head and shoulders design while technical markers affirm the downtrend.

Technical Indicators Signals

The 100 SMA has crossed underneath the more extended term 200 SMA to demonstrate that the easy way out is to the drawback. This implies the downtrend will probably continue than to switch.

RSI is gradually slithering higher, however, is indicating down again reflect solid offering weight. Stochastic moved south again, after simply making it most of the way towards the overbought region. These affirm that vendors are anxious to return and continue driving NEO price down.

NEO has more space to tumble since the diagram design traverses $36 to $42, which implies that the selloff could last by a similar stature. In case of a fleeting pullback, NEO price could discover obstruction at the moving midpoints’ dynamic expression focuses around the broken neck area.

NEO Price NEO to USD Chart 12 July

NEO to USD Chart 12 July

Market Factors

Cryptocurrencies are back by no means in a well-established position afresh, with financial specialist supposition hosed by negative comments from understood business analysts and reemerging exchange pressures. This has likewise prompted a pickup sought after for the US dollar, weighing on NEO/USD accordingly.

Cosmology is allegedly preparing to airdrop $40 million USD worth of ONT tokens in a free airdrop for all NEO token holders, so this may give some help to this specific altcoin or if nothing else counteract close term misfortunes. Philosophy says that it is doing this to demonstrate its thankfulness to NEO for “significant collaboration and to help NEO community criticism”.

#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: Will BCH fall down?

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Bitcoin cash price solidified close $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a good recuperation.

MACD – The MACD for BCH/USD is as yet put in the bearish zone.

Relative Strength Index – Close to the 50 levels.

Support Level – $500

Resistance Level – $535

 

BCH Price Key Points

  • Bitcoin cash price remained over the $496 swing low and solidified against the US Dollar.
  • There was a break over a key bearish pattern line with resistance at $510 on the hourly graph of the BCH/USD pair.
  • The pair attempted to move over the $530 resistance and the 100 hourly basic moving normal.

Bitcoin cash price solidified close $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a good recuperation.

 

Bitcoin Cash Price Analysis

Recently, there was another break beneath the $500 support in bitcoin cash price against the US Dollar. Be that as it may, the BCH/USD pair discovered support close to the last swing low at $496 and later recuperated. It exchanged over the $505 and $510 resistance levels to begin a recuperation. BCH price moved over the half Lie retracement level of the ongoing decay from the $562 high to $496 low.

Additionally, there was a break over a key bearish pattern line with resistance at $510 on the hourly outline of the BCH/USD pair. Be that as it may, bitcoin cash price attempted to break the $535-540 resistance zone and the 100 hourly straightforward moving normal. Additionally, BCH  price was dismissed close to the 61.8% Lie retracement level of the ongoing decay from the $562 high to $496 low. Accordingly, bitcoin cash price withdrew and exchanged underneath the $520 level. At the start, BCH price is by all accounts uniting over the $500 level. Purchasers should clear the $530, $535 and $540 resistance levels to begin an average bounce back.

 

BCHUSD 1 day chart

BCHUSD 1 day chart

 

Taking a gander at the outline, BCH price may keep on remaining over the $500 support region. Having said that, if purchasers keep on bombing close to the $535 level, bitcoin cash price may maybe break the $500 and $495 support levels.

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#Daily Price Analysis

Ripple Price Analysis: Can XRP recover?

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Ripple price is at present exchanging a range. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone.

MACD – The MACD for XRP is presently in the bearish zone.

Strength Index– The RSI for XRP is floating close to the 50 level.

Support Level – $0.5000

Key Points:

  • XRP price moved up a little, however, it confronted a good selling close to $0.5250 against the US dollar.
  • There is a fleeting bullish pattern line framed with support at $0.5050 on the hourly outline of the XRP/USD pair.
  • The pair may keep on solidifying over the $0.5000 support in the following couple of sessions.

Ripple price is at present exchanging a range against the US Dollar and Bitcoin. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone.

 

Ripple Price Analysis

Recently, we talked about that ripple price could recoup towards the $0.5200 level against the US Dollar. The XRP/USD pair moved higher and cleared the $0.5100 and $0.5180 resistance levels. The upward move was certain as the price even outperformed the $0.5200 level and settled over the 100 hourly straightforward moving normal. In any case, the price bombed close $0.5250 and the half Lie retracement level of the last drop from the $0.5610 swing high to $0.4860 swing low.

The price topped at $0.5253 and later began a drawback amendment. It moved beneath $0.5150 and the 23.6% Lie retracement level of the ongoing wave from the $0.4872 low to $0.5253 high. The current price activity is sure over the $0.5000 support region. There is a transient bullish pattern line framed with support at $0.5050 on the hourly diagram of the XRP/USD pair. Moreover, the half Lie retracement level of the ongoing wave from the $0.4872 low to $0.5253 high is going about as a support. For whatever length of time that the price is over the pattern line, $0.5000 and the 100 hourly SMA, it could recoup by and by.

 

 

XRPUSD 5 Day Chart 13 Nov

XRPUSD 5 Day Chart

 

Taking a gander at the graph, ripple price is right now uniting over the $0.5000 support. Purchasers will in all probability make another endeavor to push the price above $0.5200 and $0.5250 in the close term.

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#Daily Price Analysis

XEM Price Analysis: NEM on a rise after Coincheck relisting

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XEM Price showed a bullish trend earlier today as Coincheck exchange announced the relisting of the XEM coin. The XEM coin was delisted from the exchange earlier due to the hacking of the exchange that led to stealing of XEM tokens worth half a million dollars.

 

XEMUSD 1 Day Chart

XEMUSD 1 Day Chart

XEM Price Analysis

Support Level: $0.1177
Resistance Level: $0.1209

 

The price of the coin was trading around $0.092 just before the announcement of the relisting of the coin on Coincheck. Just a minute before the announcement the price started to rise tremendously and hit a high of $0.1223 showing more than a 28% rise in the last 24 hours.

The coin is currently trading around $0.1188 with the major support at $0.1177 and the resistance at $0.1209.

The XEM Token is ranked 15 according to market capitalization and showed the yearly high in January 2018 of $1.86.

The coin is expected to experience some bearish hurdles while settling down to a notable price.

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