Analysis of the digital currency Bitcoin against the US dollar:
Bitcoin (Btc) breached a resistance zone of $ 7500 during early morning trading and the currency continued to rally until the $ 7555 zones.
The currency of the Bitcoin rebounded from the uptrend line on the 60-minute interval during yesterday's trading, currently trading in a bullish direction that needs to breach the areas of $ 7659 to prove its strength.
SMA 20 represents a non-encoded currency area.
Momentum RSI 14 is trading in a bullish trend under formation, supported by a breach of the bearish trend line and the breach of the 50-point area.
Outlook:
It is expected that, in the event of a digital currency bitcoin, the $ 7659 zones may target areas of $ 7980.
While, in the case of breaking digital currency Bitcoin areas $ 7470 may target $ 7103.
Support: 7500 - 7103 - 6896
Resistance: 7924-8303-8929
Direction: Down
Analysis of the Ethereum digital currency against the dollar:
At the beginning of trading this morning, the green currency, Ethereum, returned to the highest support areas of $ 418.14 and broke the bearish trend line due to the weakness of the bear.
The digital currency ethereum is a neutral view of us as a result of not confirming the breach of the bearish trend line on the hourly interval, and we do not recommend buying until the areas of $ 426.31 are breached.
The simple moving average and the slow moving SMA are neutral.
The MACD torque indicator with normal settings is indicated by an ascending signal.
Outlook:
It is expected that, in the case of digital currency penetration ethereum regions of $ 426.31 may target the currency $ 449.82.
On the other hand, in the case of breaking the digital currency ethereum area $ 418.14 area may target $ 418.14.
Support: 418.14- 411.71-405.72
Resistance: 439.73- 449.82- 480.3
Direction: neutral
Analysis of the digital currency Ripple against the dollar:
The Ripple (Xrp) breached the falling trend line while the breach of the resistance zones failed to reach $ 0.45 due to weakness of the buyers' momentum. Therefore, the currency dropped to retest the rising trend line.
The Ripple's digital currency is our neutral view due to the lack of confirmation of the breach of the bullish trend line on the hourly interval.
The 20 SMA is still neutral as a result of overlapping with the movement of the coded currency.
Momentum Relative Strength 14 is trading in a bearish direction that is in weakness due to the formation of a bottom higher than the previous one.
Outlook:
It is expected that, in the case of a break of the digital currency Ripple for the $ 0.433 area, the encrypted currency may target the $ 0.40 area.
On the other hand, in the case of a break of the digital currency the Ripple Zone 0.45 may target $ 0.4882.
Support: 0.4250- 0.40- 0.3825
Resistance: 0.45 - 0.4882 - 0.50
Direction: neutral
Analysis of the digital currency of Bitcoin Cash against the dollar:
The currency (BCH) (Bitcoin Cash) has returned to trade above the support area $ 757.10 and is currently re-testing these areas.
The digital currency Bitcoin Cash is our current neutral view as a result of trading in a tight range between $ 742.21 and even $ 770 zones over the hourly interval.
SMA 20 is currently neutral due to overlapping currency movement.
Momentum RSI 14 is trading in a bearish direction in the configuration.
Outlook:
It is expected that, in the case of breaking the digital currency Bitcoin Cash area $ 757.10 USD may target the currency zone $ 740.66.
On the other hand, in the case of a breach of the digital currency Bitcoin Cash area $ 773.79 the currency may target $ 809.00.
Support: 757.10 - 740.66- 700.00
Resistance: 800.00- 850.00-900.00