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BCH/USD Daily Chart Technical Analysis

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Bitcoin cash is testing long term support and consolidating near these levels.

Analysis

Bitcoin cash prices continue to grind lower as most crypto currencies are trading in a tight range. A break below current support could lead to a test of a new range which has a target support near the April 2018 lows at 601. Resistance is seen near former support near a 10-day moving average near 796. Momentum is negative as the MACD (moving average convergence divergence) prints in the red, with a downward sloping trajectory which points to lower prices. The fast stochastic generated a crossover sell signal just above oversold territory which also points to negative moment. The current reading of 21, is above the oversold trigger level and in neutral territory.

Up-side Target:       796

Down-side Target:  601

XRP/USD Daily Chart Technical Analysis

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XRP/USD is consolidating in a downtrend just above the April Lows.

XRP/USD is consolidating just above support near and upward sloping trend line that comes in near 0.492. Resistance is seen near the 10-day moving average at 0.50. Momentum is negative as the MACD (moving average convergence divergence) histogram prints in the red with a declining trajectory which reflects consolidation. The fast stochastic generated a crossover sell signal in oversold territory which generally reflects continued accelerating negative momentum. The current reading of 16, is below the oversold trigger and could foreshadow a correction.

Up-side Target:       0.50

Down-side Target:  0.49

XMR/USD Daily Chart Technical Analysis

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XMR is whipsawing and generated a bullish outside day

XMR/USD is trading sideways and generated an outside day. This occurs as the higher is greater than the prior day’s high and the lows is lower than the prior days low. Resistance is seen near the 50-day moving average at 160. Support is seen near the 10-day moving average at 122. Momentum is positive. The MACD histogram is printing in the black with an upward sloping trajectory which points to higher prices. The fast stochastic generated a crossover buy signal in oversold territory and is currently printing a reading of 35, and moving higher which reflects positive momentum.

Up-side Target:       160

Down-side Target: 122

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