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Daily Technical Analysis | LTC | Bitcoin Cash | Dash 3/7/2018

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March 7, 2018 | 

Joanna Newman |  0 Comments| 

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Our preference: The bias is negative

Alternative scenario: look to reverse on a close above resistance

Support

The 50-day moving average near 152


Resistance

Near the 100-day moving average at 172


Comment: Prices moved lower for the second consecutive trading session. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. The MACD histogram is printing in the red with a downward sloping trajectory which points to lower prices. The fast stochastic is now printing in oversold territory below the oversold trigger level at 19, which could foreshadow a correction.

Target: 228

Bitcoin Euro Daily Chart Technical Analysis




Our preference: The bias is to the downside short term

Alternative scenario: prices close above the March highs

Support

Short-term 50-day moving average at 5,400

Resistance

Resistance the March highs at 9,399

Comment: Prices are sliding lower and are poised to test support near the 50-day moving average at 5,400. Momentum has turned negative as the fast stochastic generated a crossover sell signal. Momentum reflected by the MACD (moving average convergence divergence) histogram is turning negative, as the trajectory is printing in the black with a declining trajectory.

Target: 5,400

Dash USD Daily Chart Technical Analysis




Our preference: The bias is negative to neutral

Alternative scenario: prices could move higher on a reversal above resistance near the 50-day moving average

Support

Trend line support at 410

Resistance

The March highs at 622

Comment: Prices are moved lower and are poised to test trend line support at 410. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. The fast stochastic also generated a crossover sell signal but in oversold territory. The current reading of 13 is below the oversold trigger level of 20 could foreshadow a correction.

Target: 410

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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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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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