Cryptocurrency Technical Analysis


#21

WAVES/BTC Technical Analysis 03.08.2018

The weekend has arrived, and the crypto market reported a critical setback led by Bitcoin which lost more than 4% in what seemed to be the beginning of an uptrend, the break was false, and therefore the price fell again, this caused the Altcoins market to fall sharply, and Waves was no exception.

During the beginning of Friday, the Waves price moved below € 1.55, which reports a percentage loss of -21.37%. Never in the history of Waves had seen such a sharp drop in the price, this budget alerts investors of this cryptocurrency, however, opens a possibility of buying at a price like never before.

Highlights

  • RSI below 30% indicating oversold
  • Waves fall at a price never seen before
  • Possible purchase at a price never seen before

WAVES/BTC pair moves in a bearish channel, at the time of writing this analysis the price of Wave is trading below 0.0002412 satoshis (€1.55) we see no intention to recover the bullish course, so a buy below of 0.00016 (€1) is a good option.

As we can see in the chart, the price moves under a bearish channel. Waves cannot find a bounce that leads to new highs, in fact, if we see the graph in weekly periods we can appreciate the steady fall in price. The most important thing here is to bear in mind that Waves achieved a robust recovery of 49% last April after the price fell to 0.0005101 satoshis (€3.23) therefore a purchase below €1 is highly attractive.

Currently, the price is below the Fibonacci retracement of 17.60% touching minimum prices. With a possible bounce scenario at € 110 - €0.98. While the resistance is at €1.87.

Technical indicators

  • Major price support €0.98
  • Major price resistance €1.87
  • RSI (Relative outside index) 14%
  • EMA (Exponential Mobile Media) 200

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#22

BTC/EUR Technical Analysis 06.08.2018

The trading day has started and the price of Bitcoin is under a lot of pressure from sellers, its price remains below € 6100 losing strength against the euro and all other fiat currencies.

The pair BTC/EUR tried to recover last Sunday, with a slight increase of 2%; however, the strength of the bears managed to bring the price back to minimums. At this moment, the price is lateralized and continues to drive the crossing of moving averages towards a bearish area.

Highlights

  • The RSI fails to break 50%
  • Lateralized price in the last hours
  • The BTC / EUR pair moves towards a bearish area

The BTC / EUR pair remains lateralized with a strong downward tilt; this can be seen in the one-day chart, Bitcoin has fallen rapidly looking for the EMA9 and EMA26 moving average cross.

By traversing a retracement of Fibonacci from its lowest point until the last bullish session, we can see how the price is below 78.60%, which indicates that following the Bitcoin trend could go to touch the € 5217, which is historical support important. On the other hand, Bitcoin has a resistance to expire immediately this in the € 6500 if you want to go to recover value.

Technical indicators

  • RSI (Relative strength index) to 45%
  • Higher price support € 5217
  • Greater price resistance € 6500
  • Cross of moving averages EMA9 and EMA26
  • EMA (exponential moving average) 200 observations

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#23

ETC/EUR Technical Analysis 07.08.2018

Today on the trading session Bitcoin (BTC) continues to fall losing 1.90% in the last 24 hours. But among all the Altcoins Ethereum Classic is reporting a gain of more than 7% raising the price above €16.24.

Analyzing the price, we can see how the session has had a good bullish rally since last Friday. At this moment the pair ETC/EUR is at a point of profit taking, we can validate it by the pullback that has had the price, although it continues in an uptrend.

Highlights

  • ETC / EUR is still in a bullish rally
  • RSI remains at 60% after touching an overbought
  • The price still does not touch the fast moving average

The pair remains in a bullish zone, however, you have to be careful since buying at this point can be risky due to the profit taking that most investors are making.

The price remains above the Fibonacci retracement level of 38.20%. A sizeable bearish candle indicates the profit is taking at that point. At this moment for those who want to acquire Ethereum Classic, it is best to wait for the price to find support after this strong movement. Current support of the ETH / EUR pair is at €15.

Keep in mind that in addition to long trading opportunity, the price also offers the possibility of short entries after touching the maximum price; we must be watching to the pullback.

Technical indicators

  • Larger price support € 15
  • Higher price resistance € 18
  • RSI (Relative Strength Index) over 60%
  • Crossing EMA 9/26 continues upwards
  • EMA (Average Mobile Exponential) 200 observations

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#24

ETH/EUR Technical Analysis 09.08.2018

During today trading session Ethereum price reports an increase by positioning the price above €313.55 however the price is still in the red number losing 2.46%.

Looking at the 4-hour chart, we see how the price has started a rebound in €300 euros, showing two recovery candles in the last hours. The pair is still under the bearish trend so we should wait for the next move to determine if the price decides to start a bullish rally or if it again breaks down.

Highlights

  • The value moves based on the Bitcoin
  • Ethereum seems to find support at € 300
  • The ETH / EUR pair still under the bearish trend

ETH/EUR pair moves based on the Bitcoin advance, the influence of the ETFs has a strong impact on the Altcoin. However, it seems that after an oversold the price wants to start recovery.

By traversing a Fibonacci towards its last higher movement we see how the price stays below 78.60%, so a significant resistance is at €325. The Ethereum below €400 is a great buying opportunity for many investors, taking into account their highs of more than €1000 at the beginning of 2018.

The next few hours will be crucial to determine if the price of the Ethereum manages to start a new upward movement, after having reached a minimum price. At present all the attention is focused on the ETFs waiting for the SEC to pronounce itself in a positive manner allowing its entry into the world of crypto actives which has created high speculation of the price in general.

Technical indicators

  • Major Price Support € 300
  • Major Price Resistance € 325
  • RSI (relative strength index) to 26% bearish
  • EMA (Average Moving Exponential) 200 periods

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission. https://www.cryptoder.com


#25

These are interesting to read through. What are the chances we could convince you to do longer time horizons so that people can understand the long-term trajectory?

I ask because I would use them as references, and if they are longer time horizons, they would have a much longer shelf life. People would be able to come back and reference them for more than 24 hours.

Just a thought!

Whatever you decide to do, just don’t stop. These are good!


#26

Thank you for the suggestions. I think about adding daily analysis in USD.


#27

BTC/EUR Technical Analysis 13.08.2018

Today’s trading session is under much uncertainty in the market; the Bitcoin price continues lateralized above €5600 after recovering a 1.11% in the last 24 hours.

The price moves away from the €5300 area in a slow but progressive way, largely the lateralization of the price is due to investors speculating on the price that Bitcoin could reach if the ETFs are accepted.

Highlights

  • Bitcoin reports a slight recovery of 6% from its minimum
  • The issue of ETFs continues to be the point of speculation
  • The BTC/EUR pair tries to break the EMA cross on the upside

Analyzing the 1-day chart of the BTC/EUR pair we can observe a slight recovery of the price of the BTC against the US dollar, the price is close to touching the fast moving average of 26 periods.

Based on the channel Donchian we see how the price touched a side of the channel, then the price starts a slight recovery so we can categorize this movement as a possible change in the medium term, leading Bitcoin to a new bullish rally.

Drawing a Fibonacci taking as reference the highest point of the last wave, we see how the price stays below 23.60%, so Bitcoin needs to break at least 38.20% to attract the attention of more buyers. BTC/EUR pair finds €5300 as main support and €5750 as the main resistance. The RSI moves to 40% increased slowly but steadily.

Technical indicators

  • Main price support €5300
  • Greater price resistance €5750
  • RSI (Relative Strength Index) at 40%
  • Crossing EMA 9/26 continues bearish
  • EMA (Exponential Moving Average) 200 periods

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission. https://www.cryptoder.com


#28

ETH/EUR Technical Analysis 14.08.2018

A new trading session has started. Ethereum price is touching new lows in this 2018. The Ether reports a loss of more than 15% which sends the price to a trading area below €250.

Looking at the one-day chart, we can see how the price of the Ethereum has fallen sharply against the euro, a fall that triggers alarm among investors allowing the bears to take control of the session.

Highlights

  • Ethereum falls below €250
  • Altcoins, in general, are losing value
  • After the crossing of moving averages, the price does not recover

ETH/EUR pair places the Ethereum in an active sales area which has not stopped since the crossing of moving averages EMA 9/26 in the €392. This fall represents an opportunity for those who were expecting a low price to buy and hold.

Drawing a Fibonacci since its last bullish momentum, we can see how the price has moved downward quickly causing the price to remain below 23.60% of the Fibonacci retracement. On the other hand, the RSI is in an oversold area so the price could bounce back in the next few hours.

Ethereum has a difficult path to reach the €1000. While we look at the price, we can see how the downward trend is moving away from the fast moving average, so a stronger fall in the Ethereum price is completely acceptable and possible. At this moment uncertainty takes over the market so investors who trade short should be cautious with these practices in bear markets and instability.

Technical indicators

  • EMA 200 periods
  • Crossing EMA 9/26
  • Major price support € 200
  • Major price resistance € 290

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission. https://www.cryptoder.com


#29

XRP/EUR Technical Analysis 16.08.2018

Thursday trading day has started while Bitcoin price moves below €5600 a week complicated with a lot of bearish pressure. However, our focus today is the XRP which has reported a significant price crash, so much so that it trades below €0.25 a fairly low number compared to the highs of the beginning of 2018.

From the fundamental analysis one of the main factors that have most impacted the Ripple price (XRP) has been the Bitcoin ETFs and the three lawsuits against Ripple Labs, the company behind the XRP token.

Highlights

  • A low volume of buyers hinders progress
  • The RSI moves below 40%, which is a bearish zone
  • The XRP / EUR pair away from the EMA 200 trend line

Analyzing the XRP/EUR pair in a one-day chart, we can see how the value trades below the Fibonacci retracement point of 23.60%, taking as reference the maximum reached during the April 24 session.

At this time the pair XRP/EUR has a resistance at €0.35 which needs to break successfully if it wants to go looking for a bullish hold, on the other hand the most obvious support is at €0.15 a level which we hope will not reach touch the XRP.

XRP has suffered from a strong devaluation in the last three months; the fall does not manage to find a floor that allows a recovery in the price. The fact that some of Ripple Labs’ products don’t depend on the XRP to operate, makes the token unattractive to investors. We could probably see a momentary bullish trend on XRP price during next month session, since ETF proposal will be mentioned by SEC on September 30

Technical indicators

  • RSI below 40%
  • Higher price resistance € 0.35
  • Greater support of the price € 0.15
  • EMA 200 marking a downward trend

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission. https://www.cryptoder.com


#30

XML/EUR Technical Analysis 21.08.2018

The trading session starts and the Stellar price (XLM) reports a decline below €0.20, Altcoin is under a lot of bearish pressure, in fact it is currently well below the MA 200 trend line which confirms that the value continues in an area of ​​bearish dominance.

From the fundamental side, we must bear in mind that Stellar has had problems mainly due to the fall of the market and not because of the confidence in the project, since it is one of the most reliable networks for negotiation with strategic alliances that allow an increase in the value in the project.

Highlights

  • The volume of buyers is low
  • Stellar moves below the MA 200 trend line
  • Stellar is one of the strongest projects in the market
  • The price started a bearish day after the crossing of moving averages

Analyzing the 4 hours chart of the pair XLM/EUR we can see how the fast moving average (yellow) crosses in an inclined way the slow moving average of 26 observations (white) which confirms a downward trend which will continue until the price touch the fast moving media again.

The current Donchian channel as an indicator showing how the price touched its highest point at €0.21 to then start a pullback. We can confirm a lateralized trend with slight attempts to increase, however the price does not manage to break the resistance at €0.25, finding support at € 0.17.

On the other hand we see how the price breaks down the Fibonacci of 38.20% moving to 61.80% which acts as support at €0.17, while the RSI moves below 44%.

Technical indicators

  • RSI below 44%
  • Resistance €0.25
  • Price support €0.17
  • Donchian Channel 15, 15, 1
  • MA trend line 200 observations
  • Exponential Mobile Sox (EMA) 9/26

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission. https://www.cryptoder.com


#31

NEO/EUR Technical Analysis 22.08.2018

The trading session has started while the Bitcoin price moves above € 5800 in an increase that has allowed the Altcoins market to move towards a bullish channel. NEO is one of the currencies that has best reacted to the upward momentum of the market.

NEO increased more than 9% during the first hours of the morning raising the price above € 16. Keep in mind that the price is still in a bearish area below the crossing of moving averages (EMA) 9/26 so an aggressive pullback can appear at any time.

Highlights

  • NEO continues in a bearish area
  • NEO has significant resistance at €17.50
  • The SEC will announce its decision on Thursday on ProShares ETFs

Analyzing the 4 hour chart we can see how the price moved similar to Bitcoin (in graph) allowing us to determine that this movement is due to the increase of Bitcoin in the last hours. We must take into account the decision of the SEC on Thursday 23 and the creation of more than 451 million Tethers entered this month.

Drawing a Fibonacci retracement from its lowest point in the last few hours, we see how the price of NEO strongly breaks the 38.20% Fibonacci which opens opportunities for buyers to enter, however we must take into account the uncertainty of the ETFs of the Thursday. The price is still below the crossing of moving averages, so we must be careful when opening a position as at this time the risky.

The price touched the Donchian channel announcing a possible increase, but we still need the mobile stock exchange confirmed so that investors can enter long. On the other hand, the RSI continues to venture above 50%.

Technical indicators

  • RSI above 50%
  • Price support €14.90
  • Price resistance €17.50
  • Donchian Channel 15, 15, 1
  • Cross of moving averages (EMA) 9/26 observations

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission.


#32

BTC/EUR Technical Analysis 27.08.2018

Monday trading session moves while the Bitcoin price is trading below €5800, we can see how the price moves laterally so the most obvious option to analyze a purchase is in the moving average crossing (EMA) 9/26.

From the fundamental side the CBOE ETFs play an important role in the market sentiment, for many experts these will be the first ETFs that really fit the requirements of the SEC.

Highlights

  • A low volume of buyers
  • Bitcoin in a lateralized area
  • The session is being dominated by the bassists

Analyzing the BTC/EUR chart in a time of one day, we can appreciate how the price moves, on the other hand the pair touched the Donchian channel and then continue towards an area in which the moving averages seem to approach.

We must be careful with this type of movements in the price of Bitcoin since the volume is low and this could send us to a support at €5487 if the bearish continuation is validated. Drawing a Fibonacci retracement from the highest peak, we can see how the value is well below 38.20% which causes many buyers prefer to wait to have a clearer picture before investing in long, creating a feeling of indecision in the market.

The resistance of the pair is at €6000. Bitcoin must obtain a strong impulse to be able to break and sustain above said resistance, the most fordable option is based on the fundamental of the ETFs. The RSI remains in the 50% line, however the low volume of buyers warns of a fall which can move this RSI below 40%.

Technical indicators

  • Price support €5487
  • Price resistance €6000
  • Donchian Channel 15, 15, 1
  • 50% RSI with possible decline
  • Moving averages (EMA) 9/26

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission.


#33

QTUM/BTC Technical Analysis 30.08.2018

After some weeks to the drop the price of Quantum initiates a slight recovery in the support of 0.000604 BTC (€3.61) which coincides with the lower part of the Donchian channel, then the price moved towards a slight upward trend.

The pair QTUM / BTC still cannot touch the fast moving average of 9 observations so the price is in an area dominated by the bears. This recovery is accompanied by a high volume of purchase, however we must analyze the previous session which was very similar before the correction.

Highlights

  • The RSI moves away from 50%
  • Qtum achieves a slight recovery
  • A pattern similar to that seen in the last fall is forming

Analyzing the 1-day QTUM / BTC chart we see how the price moves above €3.61, but in the previous session the price had a similar movement after the third impulse before starting a strong correction, which it found a support at 0.000604 BTC (€3.61).

The price managed to break the bearish channel in which it had stagnated for weeks, now the most important thing is that the price manages to break the resistance in the 0.000764 BTC (€ 4.56) to see a real recovery.

Currently QTUM needs to make the crossing of moving averages; in addition, the RSI must be above 50% to see a real increase allowing fresh investments to be injected. Drawn a Fibonacci, we can appreciate how the price moves below 38.20% which as a psychological point creating indecision in the market.

Technical indicators

  • RSI below 50%
  • Moving averages 9/26
  • Explosive and sporadic market volume
  • Price support 0.000604 BTC (€ 3.61)
  • Price resistance 0.000763 BTC (€ 5.34)

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission.


#34

Litecoin Technical Analysis (LTC/EUR) 06.09.2018

The trading session progresses while Litecoin price moves below €48 after having corrected more than 18% during the last 24 hours. The fall is mainly due to the strong correction that the Bitcoin price has experienced, which has lost 12% in the last hours.

Months ago its creator Charlie Lee said that “Those who aren’t ready to lose up to 90% of their capital should not invest in LTC” reminding us that the LTC cryptocurrency had already lost 90% of its value years ago. From a forward investment point of view, the current LTC price is one of the cheapest in 2018.

Highlights

  • The price breaks the RSI of 50% downwards
  • Cross of moving averages (EMA) 9/26 bassist
  • Litecoin plays the Donchian channel at €47.38

Analyzing the 1-day chart of the LTC/EUR pair we note how the price is under a lot of downward pressure, Litecoin plays the Donchian channel down at €47.38 which is currently the main support.

Due to the strength of the fall, the moving averages make a bearish cross while the volume of sale is giant, one of the highest volumes in recent months. When drawing a Fibonacci from its highest point, we notice how the price moves below 38.20% by sending the value of the LTC to an area dominated by bears.

At this time all investors are waiting to validate that the price of LTC really respects the support of €47.38 so that it will enter the purchase once the price starts a recovery, for this the price must exceed at least €50.

Technical indicators

  • RSI below 50%
  • Donchian Channel 15, 15, 1
  • Major price support €47
  • Major price resistance €58
  • Cross of moving averages (EMA) 9/26 downwards

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission.


#35

Bitcoin Cash Technical Analysis (BCH/EUR) 11.09.2018

The trading session advances while Bitcoin Cash price remains at a very low trading point just below €410. Bitcoin Cash has suffered enough due to the sharp fall of Bitcoin, and low transactions have caused many critics to claim that Roger Verge is lying about BCH’s transaction information.

From a technical point of view, Bitcoin Cash is in an area dominated by bears, the attempt to recover the price ended in a crossing of moving averages EMA 9/26 to the downside, breaking the support drawn at €453 causing the price plummeted to €391.

Highlights

  • RSI below 40% in bearish area
  • Bitcoin Cash in area dominated by bassists
  • BCH plays the Donchian channel at its lowest point

Analyzing the 1-day chart of the BCH / EUR pair, we can see how the price has remained below €423 without showing signs of recovery since last Saturday. The low volume indicates that the recovery candles are not reliable.

Bitcoin Cash needs to overcome the drag drawn at €515 if it really wants to experience a recovery in price again. On the other hand, the confidence of the investors against the BCH has diminished and this caused by the FUD in the market.

By drawing a Fibonacci from its minimum, we can see how the price moves in an area where the buyer will not enter, for example, below 61.80% Fibonacci. In addition to observing the volume, we can see how the buying presence is almost nil at this time. As main support we find the €390, which if broken could see Bitcoin Cash go for a price below €275.

Technical indicators

  • Price support €390
  • Price resistance €515
  • RSI moves below 50%
  • Canal Donchian 151, 15, 1
  • Cross of moving averages EMA 9/26 bassist

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission.


#36

Ripple Technical Analysis (XRP/EUR) 12.09.2018

Ripple XRP is trading below €0.23 after breaking the support at €0.25. The price has fallen in a bearish area and the one that has not managed to recover; the XRP is one of the Tokens with higher percentage losses during the start of the session.

Since the fundamental analysis the price of the XRP has not released new news related to the token, today to take into account that Ripple Labs is creating partnerships with companies in the financial sector, however its main product is the Ripple network (Ripple Net) and Not the XRP.

Highlights

  • The RSI below 40%
  • XRP moves under a bearish hold
  • The sales volume is high, so the price can fall more

Analyzing the graph of the XRP/EUR in a 1-day timeframe, we can see how the XRP moves below the crossing of moving averages EMA 9/26 which causes the price to fail to recover value.

As we can see how the price touches the bottom of the Donchian Channel which acts as the main support at €0.22. On the other hand Ripple Labs has had at least 3 complaints before the court in different US state creating mistrust; so many investors prefer to safeguard their profits in cryptocurrencies like Bitcoin.

By drawing a Fibonacci retracement from its last highest peak, we can see how the price of the XRP moves below 38.20% a metric that alerts investors by postponing the purchases of the token.

So far the XRP continues in the top 3 of the most capitalized cryptocurrencies in the world, on the other hand the loss today amounts to 6%.

Technical indicators

  • RSI below 40%
  • Main support €0.15
  • Major resistance €0.30
  • Canal Donchian 15, 15, 1
  • EMA 2/26 moving stockings

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge. First exchange with 0% commission.


#37

OmiseGo Technical Analysis (OMG/BTC) 26.09.2018

The trading day has started while the OMG price moves above 0.00052 BTC (€ 2.86) lateralizing the movement from about a week ago. OMG has found a “stable” trading area in which the price does not manage to fall below the support of 0.000492 (€ 2.69) which is extremely good for this cryptocurrency.

We must bear in mind that OmiseGO comes from a sharp fall, so the current movement tells us that it has touched ground, so the selling force has lost momentum opening opportunity for buyers to take action.

Highlights

  • The RSI moves close to 50%
  • Moving averages still far from an upward crossing
  • OMG finds ground in support 0.000492 (€ 2.69)

By checking the graph of the pair OMG/BTC we can see how EMA 9/26 moving averages still continue in a bearish area so the price needs an increase by the buying force to validate the move towards a recovery with a resistance at 0.000673 BTC (€ 3.67).

At this moment the distance between moving averages is shortening allowing a positive movement. We must be attentive to the issue related to the CBOE ETFs since OMG may have a bullish rally in case the SEC gives us good news.

The increase in purchase volume has improved during this month, although the price still continues in the area of ​​lateralization is a good sign as it has respected the support and stopped the abrupt fall reported by OMG for more than a month.

We expect OMG to break the descending triangle drawn from the last bullish peak where the price reached 0.000687 (€ 3.75).

Technical indicators

  • RSI below 50%
  • Moving Averages EMA 9/26
  • Main support 0.000492 (€ 2.69)
  • Greater resistance 0.000673 BTC (€ 3.67)
  • Descending triangle marking a lateralized area

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#38

Ripple Technical Analysis (XRP/EUR) 01.10.2018

Monday trading session has started while Ripple reports a profit of more than 2.50% in the last 24 hours. The Ripple XRP remains in a bullish trend and this is mainly due to the fundamental related to the Ripple Labs event to be held on 1-2 October in the USA, where former President Bill Clinton will attend.

Highlights

  • Volume increase of the XRP
  • Price far from moving average EMA 9 periods
  • Ripple celebrates adoption event with Bill Clinton

Analyzing the chart of the XRP/EUR pair in a one-day timeframe, we can see how the XRP has managed to gain ground by leveraging the fundamental on 1 October. It is necessary to analyze the bullish movement to which the XRP may be subjected during today’s session with a target profit of €0.67.

Drawing a Fibonacci from the lowest point, we can see how the XRP manages to break the 38% level upwards, attracting an optimistic market sentiment. On the other hand, the RSI remains above 75%, very close to the overbought area.

After a sharp fall the XRP begins to show signs of recovery, the price touched the channel Donchian €0.26 to then start a bullish rally which has managed to sustain during the last days.

Technical indicators

  • Support €0.38
  • Resistance €0.67
  • Donchian Channel 15, 15, 1
  • Moving Averages EMA 9/26
  • RSI (Relative strength index) at 75%

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#39

Wow. It’s been a while since I’ve been to the pub. My oh my, how it has grown.

In a sense, it has become a cornucopia of information, and a credible source of accurate analysis.

It’s like the blockchain version of the Library of Alexandria.

Dope.


#40

Bitcoin Technical Analysis (BTC/EUR) 02.10.2018

During today’s session Bitcoin reports a slight increase of 0.18% in the last 24 hours, causing the BTC to trade above €5690.

According to the Japanese candlesticks chart based in one day time frame, the price has found an area of ​​lateralization this is mainly due to the SEC’s decision about postponing the results of the ETFs for next December 30.

Highlights

  • Bitcoin price lateralized
  • The RSI moves to the 50% level
  • BTC ETFs postponed until December 30

Analyzing the BTC/EUR pair we can notice how the market has lost speed, the body of the bearish candles has been higher than the bullish but not enough to create an area of ​​decline therefore a market sentiment of uncertainty takes over the session.

Drawing a descending triangle in which Bitcoin has a high probability of breaking up and getting out of the area of ​​price lateralization. On the other hand EMA 9/26 moving averages report little force in the market that’s why they have found a parallel movement.

When drawing a Fibonacci from its last bullish peak, we can notice how the price of Bitcoin against the euro is located below the level of 38.20% Fibonacci, creating an area of ​​resistance at €5760 which has not been overcome successfully.

Bitcoin can perfectly lateralize the price in the remainder of 2019, since the subject of ETFs was the main fundamental according to many experts.

Technical indicators

  • Support €5300
  • Resistance €5760
  • Moving Averages EMA 9/26
  • RSI (Relative strength indicator) to 50%

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.