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#Daily Price Analysis

Ripple Price Analysis: XRP/USD Bearish Pattern, 7 August.

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Ripple price remedied higher against the US Dollar and Bitcoin. XRP/USD is as of now endeavoring an upside break over the $0.2900-0.3000 resistance zone.

Ripple Price Key Features

  • Ripple price neglected to hold an imperative help at $0.4270 and declined against the US dollar.
  • There is another interfacing bearish pattern line framed with resistance at $0.4270 on the hourly diagram of the XRP/USD combine (information source from Kraken).
  • The combine may rectify a couple of focuses, however the broken backings at $0.4200 and $0.4270 could avoid picks up.

Ripple price moved into a bearish zone against the US Dollar and Bitcoin. XRP/USD broke a critical help at $0.4270 to quicken misfortunes.

Ripple Price Decay

There was a sharp increment in offering weight above $0.4350 in Ripple price against the US Dollar. The XRP/USD combine neglected to move over the $0.4400 resistance region and declined. It broke a couple of vital backings like $0.4270 and $0.4200. The price declined forcefully and exchanged near the $0.4000 level. A low was shaped at $0.4028 before the price began combining misfortunes.

An underlying resistance on the upside is the 23.6% Lie retracement level of the last drop from the $0.4364 high to $0.4028 low. Over this, the price may exchange towards the $0.4200 level, which is a vital resistance. Additionally, there is another interfacing bearish pattern line framed with resistance at $0.4270 on the hourly diagram of the XRP/USD combine. The past backings at $0.4200 and $0.4270 are probably going to go about as obstacles for purchasers if the price moves higher. In conclusion, the 61.8% Lie retracement level of the last drop from the $0.4364 high to $0.4028 low at $0.4236 is likewise a key resistance.

 

Taking a gander at the diagram, ripple price influenced U-to turn and it appears as though it could decrease facilitate underneath $0.4000. Just a nearby back over the $0.4250 and $0.4270 levels could drive the price in a positive zone.

Taking a gander at the specialized markers:

Hourly MACD – The MACD for XRP/USD is back in the bearish zone.

Hourly RSI (Relative Quality List) – The RSI for XRP/USD is as of now recuperating from the oversold levels.

Significant Help Level – $0.4000

Significant Resistance Level – $0.4195

#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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