BTC/USD Daily Chart Technical Analysis
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BTC/USD trades sideways but momentum turns positive.
Analysis
BTC prices are moving sideways are rebounding slightly from trend line support near 7,087. Short-term support is seen near the 10-day moving average at 7,450. Resistance is seen near the 50-day moving average at 8,480. Momentum has turned positive as the MACD (moving average convergence divergence) generated a crossover buy signal which points to higher prices. The fast stochastic continues to move higher which reflects accelerating positive momentum.
Up-side Target: 8,480
Down-side Target: 7,450 and 7,087
ETH/USD Daily Chart Technical Analysis
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ETH/USD rebounded slightly but the trend is downward sloping.
ETH/USD moved lower on Monday and remain in a slow uptrend after rebounding from the 400 level. Support is seen near the 10-day moving average at 575. Resistance is seen near the 50-day moving average at 652. Momentum has turned positive as the MACD (moving average convergence divergence) generated a crossover buy signal which points to higher prices. The fast stochastic continues to move higher which reflects accelerating positive momentum.
Up-side Target: 652
Down-side Target: 575
LTC/USD Daily Chart Technical Analysis
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LTC is trading sideways, hovering near the 10-day moving average
LTC/USD is trading sideways hovering just above the 10-day moving average which his seen as support at 119. Resistance is seen near the 50-day moving average at 140. Momentum has turned positive as the MACD (moving average convergence divergence index generated a crossover buy signal. The fast stochastic generated a crossover buy signal which reflects accelerating positive momentum.
Up-side Target: 140
Down-side Target: 119
