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The major cryptocurrencies traded under pressure last week and appear to be attempting to form a bottom. Bitcoin and Monero have experienced crossover buy signals, while Ethereum is forming a bull flag continuation pattern. Â
Forecast
Bitcoin is forming a bottom as the fast stochastic and short-term MACD generate a crossover buy signal.
Analysis
Bitcoin prices rebounded from trend line support but were unable to recapture resistance near the 10-day moving average at 8,564. Â Additional resistance is seen near the 50-day moving average at 9,507. Support is seen near an upward sloping trend line seen near 7,650. Momentum has turned positive as the short-term MACD (moving average convergence divergence) index generated a crossover buy signal. This was confirmed by a crossover buy signal generated by the fast stochastic.
Up-side Target: Â Â Â Â 8,564
Down-side Target: 7,650
Forecast
Ethereum is forming a bull flag continuation pattern, which is a pause that refreshes higher, as it hovers near the 50-day moving average.
Analysis
Ethereum prices are consolidating and forming a bull flag continuation pattern which is a pause that refreshes higher. Prices are trading in a tight channel (blue dashed lines), and a break of resistance near the March highs at 559, would lead to higher prices and accelerating volume. Â Support is the bottom end of the channel at 515. Momentum is neutral as the RSI moves sideways printing a reading of 50, which is in the middle of the neutral range and reflects consolidation.
Up-side Target: Â Â Â Â 559
Down-side Target: 515
Forecast
Monero is attempting to form a bottom as the fast stochastic generated a crossover buy signal in oversold territory.
Analysis
Monero prices hit long term support seen near an upward sloping trend line that comes in near 175. Â Resistance is seen near the 10-day moving average at 229. Momentum is turning positive as the fast stochastic generated a crossover buy signal, while in oversold territory. Â The fast stochastic is oversold when it prints at a level less than 20.
Up-side Target: Â Â Â Â 229
Down-side Target: 175
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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
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