Bitcoin Cash, Monero and Ripple Price Analysis
BCC/USD Daily Chart Technical Analysis
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BCC/USD broke down as momentum has turned negative.
Analysis
BCC broke down below support after nearly a month of consolidation. Support is seen near the 2018 lows at 618. Resistance is seen near former support near an upward sloping trend line at 1,025. Additional resistance is seen near the 10-day moving average at 1,032. Momentum has turned negative as the MACD (moving average convergence divergence) generated a crossover sell signal which points to lower prices. The fast stochastic continues to move lower which reflects accelerating negative momentum. The current reading of 12, is well below the oversold trigger level of 20 which could foreshadow a correction.
Up-side Target: 1,025
Down-side Target: 616
XMR/USD Daily Chart Technical Analysis
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XMR/USD broke down and is rapidly moving lower as momentum turns negative.
XMR/USD broke down through support and is poised to test the November 2017 lows at 82. Resistance is seen near the 10-day moving average at 148. Momentum has turned negative as the MACD (moving average convergence divergence) generated a crossover sell signal which points to lower prices. The fast stochastic continues to move lower after recently generated a crossover sell signal in oversold territory which reflects accelerating negative momentum.
Up-side Target: 148
Down-side Target: 82
XRP/USD Daily Chart Technical Analysis
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XRP is trading under pressure and poised to test target support.
XRP/USD is trading under pressure and poised to break down below target support near 0.48. Resistance is seen near the 10-day moving average at 0.63. Momentum has turned negative as the MACD generated a crossover sell signal which points to lower prices. The MACD histogram is printing in the red with a downward sloping trajectory which points to lower prices.
Up-side Target: 0.63
Down-side Target: 0.48
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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.