Bitcoin, Bitcoin Cash and Ethereum Price Analysis
BTC/USD Daily Chart Technical Analysis
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Bitcoin prices are consolidate forming a bull flag patter after breaking out last week.
Analysis
BTC/USD are consolidating after breaking out into a new range. Prices have been unable to pierce through resistance near a downward sloping trend line that comes in near 9,544. Additional resistance is seen near the 200-day moving average at 10,002. Support is seen near the 10-day moving average at 9,130. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal. The MACD is showing that positive momentum is decelerating, as the MACD histogram is printing in the black with a declining trajectory which points to consolidation.
Up-side Target: 9,544
Down-side Target: 9,130
BCC/USD Daily Chart Technical Analysis
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Bitcoin Cash prices have been moving sideways forming a bull flag pattern.
BCC/USD moved sideways forming a bull flag pattern which is a pause that refreshes higher. Support is seen near the 10-day moving average at 1,347. Resistance is seen near the April highs at 1,669. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal. The MACD is showing that positive momentum is decelerating, as the MACD histogram is printing in the black with a declining trajectory which points to consolidation.
Up-side Target: 1,669
Down-side Target: 1,347
ETH/USD Daily Chart Technical Analysis
Forecast
Ethereum prices are moving sideways and consolidating, as the trend points to higher prices
ETH/USD are consolidating in a relatively tight range. The 10-day moving average crossover above the 200-day moving average reflecting that a short-term uptrend is now in place. Support is seen near the 10-day moving average at 654. Resistance is seen near the 38.2% Fibonacci retracement level at 775. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal.
Up-side Target: 775
Down-side Target: 654
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Disclaimer. This content is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell any security or digital asset. Past performance does not guarantee future results. Cryptocurrency investments are subject to high market risk and volatility.