Monero, Bitcoin Cash and Ripple Price Analysis
XMR/USD Daily Chart Technical Analysis
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XMR prices are trading under pressure points to hit 4-week lows.
Analysis
XMR/USD prices are trading under pressure and poised to hit 4-week lows support at 221. Resistance is seen near the 10-day moving average at 240. The 10-day moving average has crossed below the 200-day moving average reflecting that a short-term down trend is in place. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal, in oversold territory. The MACD histogram is printing in the red with a downward sloping trajectory which points to a lower exchange rate.
Up-side Target: 240
Down-side Target: 221
BCC/USD Daily Chart Technical Analysis
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Bitcoin Cash is consolidating after breakout out above resistance.
BCC/USD is moving lower declining for a second consecutive trading session after breakout out above resistance and now sliding back below the February highs at 1,669. Support is seen near the 10-day moving average at 1,591. Short-term momentum has turned negative as the fast stochastic generated a crossover sell signal in overbought territory. Positive momentum is decelerating as the MACD (moving average convergence divergence) histogram prints in the black with a declining trajectory which points to consolidation.
Up-side Target: 1,669
Down-side Target: 1,591
XRP/USD Daily Chart Technical Analysis
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XRP/USD prices are trading under pressure and testing support near the 200-day moving average at 0.805. Resistance is seen near the 10-day moving average, at 0.855. Short-term momentum has also turned negative as the short-term stochastic generated a crossover sell signal. The MACD (moving average convergence divergence) index generated a crossover sell signal, which points to accelerating negative momentum.
Up-side Target: 0.855
Down-side Target: 0.805 and 0.783
Disclaimer. This content is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell any security or digital asset. Past performance does not guarantee future results. Cryptocurrency investments are subject to high market risk and volatility.
