BCC/USD Daily Chart Technical Analysis
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BCC/USD Grinds Lower but Prices are Oversold.
Analysis
BCC continued to grind lower on Wednesday and appear to have bounced ahead of support near the 50-day moving average at 1,006.9. Resistance is seen near the 10-day moving average at 1,578. Momentum remains negative as the MACD histogram is printing in the red with a downward sloping trajectory which points to a lower exchange rate. Prices are oversold as the fast stochastic is printing a reading of 12, is below the oversold trigger level of 20 and could foreshadow a correction.
Up-side Target: 1,578
Down-side Target: 1,006
XMR/USD Daily Chart Technical Analysis
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Monero prices are trading under pressure as a downtrend appears to be in place.
XMR/USD prices are lower but seemed to have rebounded near the May lows at 189. Support is seen near an upward sloping trend line at 161. Resistance is seen near the 10-day moving average at 212. The 10-day moving average has crossed below the 50-day moving average which shows that a short-term downtrend is now in place. Momentum is neutral as the MACD (moving average convergence divergence) histogram prints near the zero-index level with a flat trajectory which points to consolidation. Prices are oversold as the fast-stochastic prints near 13, which is below the oversold trigger level of 20 and could foreshadow a correction.
Up-side Target: 212
Down-side Target: 161
XRP/USD Daily Chart Technical Analysis
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XRP is trading sideways as Momentum is Neutral
XRP/USD is trading sideways hovering just below the 50-day moving average at 0.7008. Additional resistance is seen near the 10-day moving average at 0.7379. Momentum is neutral as the MACD histogram is printing near the zero-index level with a flat trajectory which points to consolidation. The fast stochastic has stabilized at the lower end of the neutral range with a flat trajectory which also reflects consolidation.
Up-side Target: 0.7379
Down-side Target: 0.7008
