BTC/USD Daily Chart Technical Analysis
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BTC/USD Slides to Support as Prices are Oversold.
Analysis
BTC prices slip on Monday and are having a tough time gaining traction following last week’s slide. Resistance is seen near the 10-day moving average at 9,024. Support is seen near the 50-day moving average at 8,266. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. 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 generated a crossover buy signal in oversold territory. The current reading of 12, is below the oversold trigger level of 20 and could foreshadow a correction.
Up-side Target: 9,024
Down-side Target: 8,266
ETH/USD Daily Chart Technical Analysis
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Ethereum eased but appears to be poised for further upside price movements.
ETH/USD eased on Monday after rebounding on Friday ahead of resistance near the 10-day moving average at 738. Support is seen near the 50-day moving average at 569. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. 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 buy signal and is in the middle of the neutral range which reflects consolidation.
Up-side Target: 738
Down-side Target: 569
LTC/USD Daily Chart Technical Analysis
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LTC is grinding lower trading sideways in a tight range
LTC/USD is trading under pressure attempting to push through trend support near the 50-day moving average at 139. A break would lead to a test of an upward sloping trend line near 133. Resistance is seen near the 10-day moving average at 154. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. The MACD histogram is printing in the red with a downward sloping trajectory which points to a lower exchange rate. The fast stochastic is moving lower but the current reading of 11, is well below the oversold trigger level of 20 which could foreshadow a correction.
Up-side Target: 154
Down-side Target: 139 and 133
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