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

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February 15, 2018 | 

Joanna Newman |  0 Comments| 

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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.

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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.

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Trade

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