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XRPUSD - 1D Chart AnalysisBased on higher trading volumes, the price of Ripple has registered the 3rd consecutive day of growth, leading the “recovery process” of the major cryptocurrencies with an increase of 14.87%. Today we can see that the price has left behind the period in which has moved sideways and it also broke the Resistance Level of 0.5250$. At this stage, The RSI and the Bollinger Bands are indicating that the price is “overbought” and we might see a correction coming soon. But on the other hand, the Stochastic and the MACD didn’t register any crossover yet which means that there is still more room for the price to improve. Therefore, we have 2 possible scenarios for now : * if the price will stabilise above 0.5250$ the next target seem to be 0.5823$ * If it will fail to stay above 0.5250$, the next possible target is 0.4620$
BITFINEX:XRPUSD
by ReadBTC
XLMUSD - 1D Chart AnalysisAfter the Bullish trend which started on the 2nd of November, it seems that we have a crossroads again, as long as we are about to register the 3rd consecutive day of decreasing and the price is now "testing" the 20 days Moving Average which has the same value as the Support Level 1 of 0.2435$ For the ones who will consider a higher level of risk, the basic reading of the RSI and the Stochastic (which are returning from their "overbought' positions") together with the trading volumes which are decreasing, can be enough for opening a Sell position looking for jumping the gun. At this stage the risk comes from the possible "bounce back" of the price from the support level of 0.2435$ and it's "survival" between the 20 days Moving Average and the upper standard deviation of the Bollinger Bands, scenario in which the Sell position mentioned before will represent a loss. But for the ones who prefer to wait for the downtrend to be confirmed, they can open the "Sell" position once (if) the price will go through the support level and also if the MACD's crossover will indicate the same direction. For now, it seems we have only 2 possible scenarios : * If the price will continue the decrease, we can consider 0.2230$ as a possible next "Stop". * If the price will not break the support level, there are big chances to assist to the bullish trend continuation, situation in which we can consider 0.2770 as a target price in the following future.
KRAKEN:XLMUSD
by ReadBTC
1
ADAUSD - 1D Chart AnalysisThe bullish trend has started on the 4th of November, once the price has crossed the 20 days MA and it was stabilized between the latest and the upper standard deviation of the Bollinger Bands. This trend was also confirmed once the price has failed to cross back the same 20 days MA, which in this case acted as a support level. From the technical perspective, we can see the RSI being close to it's neutrality while the Stochastic's crossover is indicating that the bullish trend will continue. This is also confirmed by the MACD, as long as it's MA is still below the Signal one meaning that there is still more room for the price improvement and also by the trading volumes which seem to be increasing. Although there are reasons to expect the price growth to continue, this continuation cannot be "aggressive" as long as the strong fundamentals seem to be missing. A reasonable target price can be considered 0.0807$ (the upper standard deviation of the Bollinger Bands) or 0.0849$ in extension.
BINANCE:ADAUSD
by ReadBTC
BTCUSD - 4h Chart AnalysisAfter it was dropping since the 8th of November, the price has managed to break the 20 days Moving Average for the first time in 4 days and it seems to start a slight sideways movement for the short term. From the technical perspective the RSI has a neutral position, the Stochastic is indicating that the price may decrease while, according to the MACD, we can consider that there is still more room for a small increase. Based on the trading volumes which seem to be slightly rising but also on the fact that after the price has crossed the 20 days Moving Average, a green candlestick was fully created we can consider a continuation of the ascending trend with a target price at 6485$. On the other hand, if the price will go below the 20 days Moving Average, it will mean that the price attempt of changing the direction will be failed and a reasonable target price for this scenario will be 6389$
BITFINEX:BTCUSD
by ReadBTC
BCHUSD - 1D Chart AnalysisAfter an increase of almost 56% since the 29th of October, it seems that the price of Bitcoin Cash has created yesterday another "peak" at the value of 648$. Although it didn't bounce back from the Resistance Level of 658$ the drop which started yesterday it's based on lower trading volumes and it seems to continue, as there are 3 technical indicators which are showing that the price is "overbought" : * The RSI is close to the level of 70; * The crossover of the Stochastic above the level of 80; * The upper standard deviation of Bollinger Bands has been reached At this stage, even if the MACD is indicating that there is still more room for the price to grow, it is possible to see a short term sideways movement with big chances to be followed by another price decrease with the target of 557$.
B
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LTCUSD - 1D Chart AnalysisSince the 30th of October, the price of Litecoin has registered a growth of 17.98% but it has failed to break the Resistance Level of 57.47$, meaning that another "peak" has been created. So far, we have a similar situation with the one for Iota, where excepting the MACD which is still indicating that the price may continue to increase, the rest of the indicators are showing the opposite. Here, the RSI has bounced back from the level of 59, we might see the Stochastic's crossover in the region of 80 very soon and also the trading volumes are decreasing. With no strong fundamentals, it seems that the price is heading slowly (but steady) towards the Support Level of 53.01$ and has 2 possible scenarios for later on : * If the price will bounce back from the Support Level of 53.01$, we can consider 57.47$ as a next target price * If the price will break the Support Level of 53.01$ and it will also go below the 20 days Moving Average, it means that we will assist to a trend change with the next target price at 50.46$
BINANCE:LTCUSD
by ReadBTC
1
IOTAUSD - 1D Chart Analysis After 3 consecutive days of growth, in which the price has been increased with 9%, the latter failed to break the Resistance Level of 0.5229$, meaning that another "peak" has been created. Excepting the MACD, which is indicating a possible continuation of the price increase, the rest of the technical indicators are showing the opposite scenario as it follows : * The RSI has reached a maximum level of 55 and it started to retrace * The stochastic is very close to a crossover above the level of 80, meaning that the price is "overbought" and we are waiting for a trend change * The upper standard deviation of the Bollinger Bands has been touched by the price, meaning that the latter is considered "overbought" * The trading volumes are getting lower and without any fundamentals, the price seem to start a slight decrease. In this situation, it seems that the next important moment will be the intersection of the price with the 20 days Moving Average and from there, we will have 2 possible scenarios : * If the price will bounce back from the 20 days MA, there are big chances for the Resistance Level of 0.5229$ to be "tested" again * If the price will go below the 20 days MA, the next possible "stop" will be the Support LEvel 1 of 0.4702$
BINANCE:IOTAUSD
by ReadBTC
ETHUSD - 1D Chart Analysis After after the price has reached yesterday a 10.10% growth it failed to break the resistance level of 218$ and it bounced back, finishing the day with 6.06% higher than it started. Looking to the upper standard deviation of Bollinger which has been crossed by the price, we can consider normal to have a slight decrease for now, as a "correction". But on the medium term, with the RSI close to it's neutrality and with the Stochastic and the MACD which didn't register any crossover yet, we can consider that there is still more room for the price to improve. Overall, if this scenario gets caught up, we might see a negative evolution for today followed by an attempt to test again the resistance level of 218$ in the following days
KRAKEN:ETHUSD
by ReadBTC
IOTAUSD - 1D Chart AnalysisAfter the market went through a hard period, it seems that we are assisting to a slight "come back", with Iota being one of the coins which are leading the recovery process. The Stochastic's crossover on the 31st of October and the RSI's "oversold" position indicated these 3 consecutive days of growth but even if we had a price increase of 8.14%, the trend cannot be considered "Bullish" yet, as the price is still located between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands. On the other hand, MACD's Moving Averages have just intersected, showing a possible continuation of the uptrend with the first obstacle at the Pivot Level of 0.4891$. * If this level will be broken, the next target price is the Resistance Level 1 of 0.5026$ * If the price will fail to broke the Pivot Level, the target price is 0.4662$
BINANCE:IOTAUSD
by ReadBTC
BCHUSD - 1D Chart AnalysisAfter 2 consecutive days of growth in which it has tested twice the Support Level of 419$, the price has bounced back, following the sideways movement that started after the drop on the 11th of October. Even if the trading volumes are still very low, Bitcoin Cash remains one of the most volatile assets from the major cryptocurrencies, with a daily moving average of 4.47%, compared with 1.46% as much as Bitcoin has. At this stage, the RSI and the Stochastic are indicating a slight retrace of the price but if the volumes will remain low, the trend will stay bearish and it seems it's just a matter of time until the price will test again the level of 419$, scenario which is confirmed by the MACD as well.
B
by ReadBTC
XLMUSD - 1D Chart AnalysisBased on very low trading volumes, the price has started to decrease since 21st of October and it has also crossed the 20 days Moving Average, consolidating the bearish trend. At this stage, it seems that the RSI is heading slowly towards the "oversold" area while the Stochastic is indicating that there's no possible change of the direction for now. Also, the MACD line is below the signal one, which means that the downtrend has big chances to continue. If the trading volumes will remain the same, it seems that the first level where the price may find difficulties in going even lower is the Support Level 2 of 0.2072$
BITFINEX:XLMUSD
by ReadBTC
ETHUSD - 4H Chart Analysis After the sideways movement which started on the 22nd of October, the price registered an aggressive movement, this time downwards. The 20 days Moving Average has been crossed this morning and the price also went below the standard deviation of the Bollinger Bands. Bearing this in mind, together with the RSI which is showing an "oversold" position, we might be tempted to say that the price will bounce back but on the other hand, the Stochastic and the MACD are indicating that we don't have too many reasons to believe in the price recovery, as long as both are signaling that the downtrend will continue. Considering all the indicators mentioned above, a possible scenario is a slow down of the drop, followed by slight sideways movements but if the price will break the first support level of 197$, the next target price seems to be 192$.
BITFINEX:ETHUSD
by ReadBTC
EOSUSD - 1D Chart AnalysisJust like many other coins, the price of EOS also failed to leave the area between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands, confirming the bearish trend which has started since the 16th of October. The trading volumes seems also to be lower and even if the RSI and the Stochastic are showing "oversold" positions, this seems just a signal that the price will start moving sideways before another drop, as long as the MACD is clearly indicating this. With no strong fundamentals, it seems that the price is heading slowly, but steady, towards the Support Level of 5.0158$
BINANCE:EOSUSD
by ReadBTC
BTCUS - 1H Chart AnalysisAfter it has failed twice to stabilize above the 20 days Moving Average, it seems that the price has one more attempt, this time on a bigger trading volume. The RSI is moving around the "neutral" area while the MACD's crossover is indicating that we might assist to a short term uptrend. If this scenario gets caught up and if the price will stabilize between the 20 days MA and the upper standard deviation of the Bollinger Bands, the target prices are 6580$ and 6590$ in extension. If not, it seems it's just a matter of time until it will reach again the Support Level of 6550$.
BITFINEX:BTCUSD
by ReadBTC
XRPUSD - 1D Chart AnalysisAfter it has failed 3 times in the last 6 days to jump above the 20 days Moving average, the price seems to be close to cross the Pivot Level as well, looking for a confirmation of a bearish trend. This confirmation may come at the end of the day if the closing price will be lower than 0.4645$ because a red candlestick will be created and according to the Bollinger Bands, this is exactly what we need. The RSI is about to leave behing the "neutral" area, the Stochastic is clearly showing that the price is "overbought" while the MACD line seems to continue along the signal line. As a result, with no strong fundamentals which can lead to bigger trading volumes in the market, it seems it's just a matter of time until the price will test 0.4046$.
BITFINEX:XRPUSD
by ReadBTC
1