Daily Technical Analysis | Bitcoin | Ether | Ripple 2/15/2018

ETH/USD Daily Chart Technical Analysis Our preference: The bias is to the upside as prices held support as momentum turns positive Alternative scenario: look to reverse on a close below support levels near an upward sloping trend line Support Short-term 10-day moving average near 819.51. Medium Term, upward sloping trend line at 592. Resistance Downward sloping trend line at 1,000 Comment: Momentum has turned positive as the MACD (moving average convergence divergence) generated a crossover buy signal. The MACD histogram also generated a buy signal by crossing above the center line. The RSI (relative strength index) broke out above trend line resistance reflecting accelerating positive momentum. BTC/USD Daily Chart Technical Analysis Our preference: The bias is to the upside as prices break short term resistance on positive momentum Alternative scenario: prices are overbought, look to reverse on a close below short-term support Support Short-term 10-day moving average near 8,238. Medium Term, support - upward sloping trend line at 6,000. Resistance Short-term resistance - downward sloping trend line at 9,300. Medium-term resistance 11,628 Comment: Momentum has turned positive as the MACD (moving average convergence divergence) generated a crossover buy signal. The MACD histogram also generated a buy signal by crossing above the center line. The short-term stochastic surged higher reflecting accelerating positive momentum, although the current reading is overbought above the 80-overbought trigger level which could foreshadow a correction. XRP/USD Daily Chart Technical Analysis Our preference: The bias is to the upside on a break of short-term resistance as momentum turned positive. Alternative scenario: prices are approaching overbought levels, look to reverse on a close below short-term support. Support Short-term 10-day moving average near 0.897. Medium Term, support – February lows at 0.602 Resistance Short-term resistance – 23.6% Fibonacci retracement at 1.24 Medium-term resistance 38.2% Fibonacci retracement at 1.64 Comment: Momentum has turned positive as the MACD (moving average convergence divergence) generated a crossover buy signal. The MACD histogram also generated a buy signal by crossing above the center line.