08/09 Price Analysis For : Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin

in #bitcoin • 7 years ago

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BTC/USD
Buyers continue to support Bitcoin close to the trendline support of the ascending channel. However, bears are attempting to defend the $4695 level, which is a 61.8 percent Fibonacci retracement of the fall from the high of $4980 to the swing low of $4234.16.

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ETH/USD
Ethereum is struggling to breakout of the $341, which is the 50 percent Fibonacci retracement of the fall from $396.88 to $285. Though the bulls have managed to keep the digital currency within the ascending channel, and they have not been able to breakout of the overhead resistance.

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BCH/USD
Bitcoin Cash broke out of the descending channel and rallied close to the overhead resistance of $736, according to our expectation. However, we did not recommend a trade because we didn’t find any reliable buy setup.

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XRP/USD
Ripple has again formed a small descending triangle, which is a bearish pattern. The pattern will complete only if the digital currency breaks down of $0.19300 levels.

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LTC/USD
Litecoin is facing resistance close to the 50 percent Fibonacci retracement levels of the fall from $98.28 to $64. However, it has made higher lows for the past three days, which shows that the bears are losing their momentum.

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#ethereum #litecoin #ripple #cryptocurrencies
7 years ago in #bitcoin by
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    STEEM 0.17
    TRX 0.13
    JST 0.027
    BTC 59099.74
    ETH 2639.21
    USDT 1.00
    SBD 2.49