XRP/USD Technical Analysis: Bear chases down the coin

The cryptocurrency market has been on a roller coaster ride for the past few days and has not seen a long-lasting trend. The second largest …

Source: Trading view

According to the one day chart of the coin, an uptrend is observed from $0.3680 to $0.5736, but the coin plunged after the rise. The coin fell from $0.5551 to $0.5736 marking resistance at $0.3680. The coin was offered immediate support at $0.3216, where another support was observed at $0.2906.

Parabolic SAR indicates a bearish market as the markers have aligned themselves above the candlesticks.

MACD line is under the signal line, pointing towards a bearish market.

Relative Strength Index indicates that the buying and the selling pressures are evening each other out.

Conclusion

As per the indicators Bollinger Bands, Awesome Oscillator, Parabolic SAR, and MACD, the market prediction is a bearish.


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Bitcoin [BTC] Technical Analysis: Bear drags the coin through mud

Bitcoin [BTC], the kingpin, is one of the coins which has suffered the burn of the bearish market. At the time of press, BTC was valued at $3,662.5, with …

Source: Trading View

The one-day chart of the coin reports a massive downtrend in the value of the coin from $6,258.74 to $3,380.01. The coin registered only a miniscual rise from $3,184.28 to $3,799.99. The coin noted an immediate resistance at $4,075.33, whereas coin was offered strong support at $3,183.01.

Parabolic SAR points towards a bearish market as the markers align above the candlesticks.

MACD line is under the signal line, pointing towards the awakening of the bear.

Relative Strength Index indicates that the buying and selling pressures are evening each other out.

Conclusion

As per the indicators, Awesome Oscillator, Chaikin Money Flow, Bollinger Bands, MACD, and PArabolic SAR, a bearish reign seems to be the future for the coin.


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Bitcoin Cash [BCH] Technical Analysis: Bear feeding on the ravaged coin

The cryptocurrency market is bleeding for the past few days and many major coins are suffering the wrath of the bear. Bitcoin Cash [BCH] has fallen …

Source: Trading View

The one-day chart of Bitcoin Cash indicates an enormous fall from $772.74 to $566.10, which further extends from $627.54 to $155.80. The coin registered a significant uptrend from $156.10 to $178.40 in the one day chart. The coin met with resistance at $196.55 while the support goes as low as $76.19.

Parabolic SAR marks a bearish market with markers aligning above the candlesticks.

MACD line is under the signal line pointing towards a bearish market right after a recent crossover.

Relative Strength Index indicates that the buying and selling pressures are evening each other out.

Conclusion

As per the one-hour chart, Bollinger Bands, Parabolic SAR, and MACD indicate a bearish market. However, Awesome Oscillator and Chaikin Money Flow predict a bullish trend. Going by the majority, the market forecasted is a bearish one.


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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

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Ethereum [ETH] Technical Analysis: Bulls support bleeding coin as hungry bear lingers

The cryptocurrency market has been bleeding since the past few days and it has taken down many major coins with it. Ethereum [ETH] which was the …

Source: Trading View

The one-day chart of the coin indicates a downtrend from $432.26 to $157.15, the coin reported a minimal uptrend from $83.51 to $126.41. The coin marked a resistance at $157.15, while support was noted at $83.51.

Parabolic SAR indicates a bullish trend as the markers aligns above the candles.

MACD line is under the signal line, marking a bearish market.

Relative Strength Index is indicating that the buying and the selling pressures are evening each other out.

Conclusion

As per the indicators, Awesome Oscillator, Chaikin Money Flow, and Parabolic SAR forecast a bullish market. However, Bollinger Bands and MACD predict bearish wrath overtaking the market.


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Ethereum [ETH/USD] Technical Analysis: Bull’s spell over the cryptocurrency is wearing off

Ethereum [ETH], the second-largest cryptocurrency by market cap, is up and ready for its upgrade scheduled for next week. The coin was glowing …

Ethereum one hour price chart | Source: Trading View

In the one-hour chart, the coin pictures two downtrends, from $159.40 to $157.67 and from $157.64 to $150.73. The cryptocurrency pictures a sharp uptrend from $145.08 to $147.44. It also shows another rise from $147.44 to $149.49.

The cryptocurrency’s immediate resistance is set at $152 and strong resistance is at $157.70. The immediate support ground for the coin can be spotted at $147.42, whereas, the strong support is placed at $145.03.

Chaikin Money Flow is indicating a bearish market as the money is pictured to be flowing out of the market.

Bollinger Bands, on the other hand, is indicating a less volatile market as the bands are contracting.

Parabolic SAR is forecasting the bear’s reign as the dots have aligned above the candlesticks.

1-day

Ethereum one day price chart | Source: Trading View

The one-day chart of Ethereum demonstrates a steep downtrend from $404.99 to $155.91. The chart pictures short uptrends, from $83.74 to $114.53 and further to $130.66. The coin continues to climb to find its resting place at $150.62.

The coin’s immediate hurdle point is set at $156.02 and the strong point is at $219.06. The immediate support for the cryptocurrency is at $114.44 and the strong support is at $82.81.

Klinger Oscillator is showing a bearish trend as the reading line is placed below the signal line after a crossover.

MACD is currently bullish, however, the moving average line and the signal line are at the verge of another crossover.

RSI is indicating that the buying pressure and the selling pressure for the coin are evened out in the market.

Conclusion

The bull’s spell seems to be wearing off as the majority of the indicators are forecasting the bear’s return. The indicators’ favoring the cold weather includes Parabolic SAR and Chaikin Money Flow from the one-day chart and Klinger Oscillator from the one-hour chart.


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