Bitcoin, Ethereum and Bitcoin Cash Price Analysis
BTC/USD Daily Chart Technical Analysis
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BTC/USD continues to grind lower above support levels.
Analysis
BTC prices are moving lower heading for support near an upward sloping trend line at 6,750. A break of this level would lead to a test of the April lows at 6,518. Resistance is seen near the 10-day moving average at 7,662. Momentum is negative as the MACD (moving average convergence divergence) histogram prints in the red with a downward sloping trajectory which points to a lower exchange rate. Prices are oversold as the fast stochastic generated a crossover sell signal in oversold territory. The current reading of 5, is well below the oversold trigger level of 20 and could foreshadow a correction.
Up-side Target: 7,662
Down-side Target: 6,750
ETH/USD Daily Chart Technical Analysis
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ETH/USD is accelerating lower and poised to test target support.
ETH/USD is accelerating lower and is headed for support near an upward sloping trend line near 400. Resistance is seen near the 10-day moving average at 620. Momentum is negative as the MACD (moving average convergence divergence) histogram prints in the red with a downward sloping trajectory which points to a lower exchange rate. The fast stochastic generated a crossover sell signal and is now oversold.
Up-side Target: 620
Down-side Target: 400
BCC/USD Daily Chart Technical Analysis
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BCC is accelerating lower and grinding toward support.
BCC/USD is trading lower and grinding to support which is now seen as resistance near the April lows at 1.09. Resistance is seen near the 10-day moving average at 0.1394. Momentum is negative as the MACD histogram is printing in the red with a downward sloping trajectory which points to a lower exchange rate. The fast stochastic generated a crossover sell signal and is printing a reading of 11, is well below the oversold trigger level of 20 which could foreshadow a correction.
Up-side Target: 0.1394
Down-side Target: 0.09
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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.