Bitcoin, Ethereum Price Analysis

in #crypto • 6 years ago

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BTC/USD
Bitcoin finally split into the 50-day SMA after staying for seven days. Although this is a bullish sign, we still do not see a strong buying, as there is no momentum. This shows that market participants are cautious about this rally.
46e72c2f7eecc952971e24ddff287185.png
The next target is $ 9,400. After crossing this level, it is possible to move to $ 10,000.

If prices do not fall over the 50-day SMA, it will be a bearish mark and prices will fall to the first level of support of $ 7,900.

ETH/USD
Ethereum convincingly broke out of the 50-day SMA on April 19, which is a bullish sign. It has become positive and should continue to approach levels of 730 dollars.
59b8fa0175dfe9eedc305a061e1c272e.png
Although the 50-day SMA continues to fall, the 20-day EMA has emerged. A bullish crossover will give extra strength to the pair ETH / USD.

6 years ago in #crypto by
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     6 years ago 

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       6 years ago 

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