Bitcoin Technical Analysis | 27 June 2018 Bitcoin
(BTC) broke the rising trend line during morning trading, and during today's trading the support area was breached at $6000 due to bear pressure.
The digital currency is trading in a bearish direction on the hourly interval as sellers press on the encrypted currency, and we do not recommend selling until the $5874 area is broken.
The SMA 20 is bearish.
Momentum RSI 14 is trading in a bearish direction supported by breaking the ascending trend line during morning trading. Outlook: It is expected that, in the case of breaking the digital currency of the Bitcoin $5874 areas, the area may target $5617.
On the other hand in the case, the digital currency breakout of the $6100 Bitcoin areas may target $6405.
Support: 5800-5500- 5250
Resistance: 6000 - 6234 - 6500
Trend: Up
Ethereum Technical Analysis | 27 June 2018
Ethereum (ETH) broke the support area of $449.82 during yesterday's trading which led to the break of the rising trend line and the currency continued to fall until the areas of $425.
Ethereum trades in a bearish direction on the hourly interval.
The simple moving average and the slow moving average are pointing downward.
The MACD of the regular setting is neutral, as a result of the lack of confirmation of the positive cross between its index. Outlook: It is expected that, in the case of breaking the digital currency ethereum areas $425.01 the currency may target $418.14.
While, in the case of a digital currency break the ethereum area $435.00 may target the $450.00 area.
Support: 418.14- 387.47- 360.34
Resistance: 449.82 - 496.10 - 542.33
Trend: Down
Ripple Technical Analysis | 27 June 2018
Ripple (XRP) broke the 0.4709 area during yesterday's trading and continued to fall as far as $0.45.
The digital currency is trading in a bearish direction over the hourly interval, and we do not recommend selling until the $0.45 area is broken.
The SMA 20 is bearish.
Momentum RSI 14 is trading in a bearish direction in the configuration. Outlook: It is expected that, in the event of a break of the $0.45 digital currency, Ripple may target $0.4250.
While, in the case of a break of the digital currency the 0.4915 region's Ripple may target $0.5315.
Support: 0.45- 0.4- 0.35
Resistance: 0.5- 0.55- 0.5817
Trend: Down
Bitcoin Cash Technical Analysis | 27 June 2018
Bitcoin Cash (BCH) failed to break through the $757.10 resistance zone on the hourly interval during yesterday's trading as a result of sellers' pressure on the currency.
Bitcoin Cash is trading in a bearish direction supported by a break of $701.11.
The SMA 20 is bearish
Momentum Relative Strength 14 is currently trading in a bearish direction. Outlook: It is expected that, in the event of a break of the digital currency Bitcoin Cash area $686.8 USD may target the currency area $661.33.
While, in the case of a breach of the digital currency Bitcoin Cash area $705.00 the currency may target $750.0.
Support: 661.33-631.72-6.00.00
Resistance: 701.11 - 757.10 - 800.00
Trend: Down