BTC/USD Daily Chart Technical Analysis
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BTC/USD grinds sideways as momentum turns positive.
Analysis
BTC prices are moving sideways climbing approximately 0.5% over the past week. Resistance is seen near the 200-day moving average at 10,310. Support is seen near the 10-day moving average at 8,417. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. The MACD histogram is printing in the black with an upward sloping trajectory which points to a higher exchange rate. Prices are oversold as the fast stochastic generated a crossover buy signal in oversold territory.
Up-side Target: 10,310
Down-side Target: 8,417
ETH/USD Daily Chart Technical Analysis
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Ethereum is nearly unchanged week over week as momentum turns positive.
ETH/USD eased on Monday in early North American trade nearly unchanged week over week. Support is seen near the 10-day moving average at 703. Resistance is seen near a downward sloping trend line that comes in near 792. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. The MACD histogram is printing in the black with an upward sloping trajectory which points to a higher 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: 792
Down-side Target: 703
LTC/USD Daily Chart Technical Analysis
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LTC is grinding lower trading sideways in a tight range and down week over week.
LTC/USD is trading sideways in oversold territory as momentum turns positive. Resistance is seen near the 10-day moving average at 139. Support is seen near an upward sloping trend line near 120. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. The MACD histogram is printing in the black with an upward sloping trajectory which points to a higher exchange rate. The fast stochastic generated a crossover buy signal and is printing a reading of 17, is well below the oversold trigger level of 20 which could foreshadow a correction.
Up-side Target: 139
Down-side Target: 120
