Cryptocurrency Technical Analysis


#1

IOTA Technical Analysis

The trading day has started with a favorable crypto market maintaining the percentage increase in most of the Altcoins. IOTA is one of the cryptos with which it has reported the highest percentage increase. With more than 11% the price of the crypto of the “Internet of things” manages to consolidate above a dollar after having had a bullish rally in the last 24 hours.

Highlights

  • Profit taking at €1.64
  • A successful breakup of the EMA to 100 periods
  • The price is close to EMA 200 could break in the next few hours

IOTA / EUR is a slight correction after touching the € 1.64 which was a profit-taking zone, after making a positive rally from € 0.75 breaking the Fibonacci retracement level of 38.20%. The price of the IOTA is having a pullback which can touch the support at 23.60 Fibonacci to then bounce above the trend line and start a bullish rally at € 2.50.

At this point, it is important to bear in mind that the IOTA / EUR pair continues under a retracement which is normal when a price reaches its maximum for traders to make a profit. The 1-day candle confirms that the price is rebounding at the Fibonacci retracement level of 23.30%, maintaining a robust upward trend.

IOTA is an Altcoin considered one of the most valuable projects. Its Internet of Things proposal has attracted high-level investors such as Bosch Venture, allowing an important injection of capital. It is essential to see beyond the price when investing; you must also take into account the reason for the project which is highly important.

Technical indicators

  • RSI continues above 60%
  • EMA in periods of 100 and 200
  • The maximum point of resistance € 1.70
  • Support point € 0.98

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#2

Stellar Technical analysis

The trading day has started, and the crypto market reports a general pullback, which is normal after an increase like the one we saw last Monday, BTC price has decreased and with it the Altcoins market too. That’s why today we bring Stellar (XLM) for analysis as it is touching an interesting buying point.

Highlights

  • Lumens from Stellar struggle to reach € 0.86 again
  • The pair is coming out of a strong bearish movement
  • The pair XLM / EUR finds an important support in the 38.20% of Fibonacci

Stellar Lumens struggle to recover from a bearish reversal which dragged the price up to support level of € 0.17. The pair XLM / EUR finds support in the Fibonacci of 38.20% an important psychological point.

In 4 hours chart we see how the price in the pair XLM / EUR was forming a rounded figure in the price almost forming a cup, while the RSI is touching 50% which is an important level for decision making, for what the rebound in the 38.20% Fibonacci can lead us to look for a resistance at € 0.19 cents.

At this time the most advisable if you come from € 0.19 is to hold and create a sell order once the price confirms a bullish trend. If you don’t have Stellar, the € 0.17 could be interesting point for an eventual invest.

Although Stellar is one of the favorite Altcoins, it still has a long way to go before it reaches the € 0.86 it managed to reach by the end of 2017. It is currently in an interesting buying point mainly for Hold.

Technical indicators

  • RSI touching 50%
  • EMA 30, SMMA 30 at closing
  • EMA 200 still far from the price
  • Main support level € 0.17
  • Higher resistance level € 0.19

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#3

I like this. Keep doing these daily.


#4

Technical analysis NEO/EUR
After an extensive bullish movement, NEO price reports a decline of 8.72% today Friday. The cryptocurrency announced the decentralization of its nodes creating a consensus by adding its first independent node. NEO / EUR pair managed to touch € 41 to act as a profit taking point; then the pair started a bearish rally bringing the price below € 32 looking for support at the Fibonacci retracement level of 38.20%.

Highlights

  • The price was oversold and starts a bearish correction
  • NEO starts its decentralization, and this triggers the price
  • The price hit its maximum and begins a retracement with a possible floor at 38.20 Fibonacci

NEO is one of the cryptocurrencies that, in recent months has shown to be the focus of attention by the Chinese community. The pair NEO / EUR remained lateralized; however the process of decentralization and implementation of independent nodes through the consensus provided a clear signal of a momentary increase in price.

As expected, once the NEO price reaches its maximum, this becomes a strong resistance and initiates a bearish correction, reaching up to 38.20% of Fibonacci and acting as possible price support at €32.

Taking into account the movement that has followed the NEO in recent days, it is best to expect the price to find support so that you can have a clearer picture of the direction that the price will follow after the news of its decentralization.

It is not advisable to enter to invest when the currency is at a point of profit taking or when it is correcting to the downside (unless you have experience in short trading) as they are high-risk operations.

Technical indicators

  • Main resistance €37
  • Higher price support €32
  • RSI (Relative Strength Index) touching 50%
  • EMA (Exponential Mobile Measure) 200 periods

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#5

Technical analysis BTC/EUR
The crypto market continues with positive numbers, Bitcoin price rises above € 5,700. BTC has reported a slight decline of 0.84% ​​in the last 24 hours; the value could jump above € 7000 to continue the current trend. BTC / EUR pair continues bouncing above the Fibonacci level of 28.60% looking for a possible target at € 5,900; Bitcoin is strong against its euro pair, due to positive fundamentals among these, the recognition of the exchanges of cryptocurrencies as regulated banks by the government of South Korea.

Highlights

  • Strong Bitcoin against the euro, due to fundamental
  • BTC continues under the bearish trend (EMA 200 Line)
  • The BTC / EUR pair is bouncing above 23.60% Fibonacci

The pair BTC / EUR was very sideways during the day on Sunday, after the Bitcoin reported a big bullish candle last Friday 7. Bitcoin raised its value from € 5,600 to more than € 5,800 to then maintain the value in € 5,730.

Bitcoin price stagnated in a trend line that failed to break € 5,900 successfully. The price is bouncing back at the Fibonacci retracement level of 23.60% since its latest bearish wave of € 5,067. The RSI is touching 60% while the volume does not report more growth in the last hours.

Based on the news of the last hours and the crossing of simple and exponential trend lines, we can expect a day with a high probability of being bullish during this week. Bitcoin could be trading above € 6,000.

For those who already have Bitcoin, it would be interesting to wait for the price to decide a trend, at this time the price remains lateralized so selling can represent losses although this will depend on each investor.

Technical indicators

  • Main price support € 5,655
  • Higher price resistance € 5,900
  • RSI touching 60% on a 4-hour chart
  • The price of the BTC touching the trend line of 200 orders (EMA)

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#6

Technical analysis BCH/EUR

We move towards the middle of the week, and the price of the crypto market continues under a strong downward correction. While the Bitcoin is on a pullback will continue to moving down the price of the other Altcoins. Bitcoin Cash (BCH) is one of the biggest losers in terms of value. BCH / EUR pair reports a downward trend; the BCH has not managed to exit the downstream channel, positioning the price at € 585. The price is below the Fibonacci retracement of 28.60% while the RSI is at 30%.

Highlights

  • The BCH / EUR pair is in a bearish channel
  • The BCH can look for a double floor at € 560
  • If we see the volume, it is relatively low at this time

The pair BCH / EUR seems to intend to go looking for support at € 560, at this time the sellers are leading the session, the price has not tried to break the bearish trend, so everything points to a further decline.

BCH has lost almost all the momentum gained on July 29 against the US dollar. The price doesn’t report an encouraging trend in the short term, although this may change from having some fundamental that attracts more buyers although it is complicated at this time.

So far BCH / EUR pair remains far from exceeding the 200-period trend line, which makes it difficult to pull out a short-term trend change. Bitcoin Cash is strongly hit every time the Bitcoin makes a bearish retreat; the cryptocurrency tends to lose percentage value quickly.

At this time it is best to wait for the price to find support for confirmation after entering the sale since selling at this point means losses and one more if you buy above € 600.

Technical indicators

  • RSI below 30%
  • Main support level € 560
  • Maximum resistance level € 595
  • EMA 200 periods marking a downward trend for the BCH

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#7

Technical analysis LSK/BTC

We’re moving towards the weekend, and the crypto market has reported a slight recovery, Bitcoin seems to have halted its fall in € 5,368.46, which helps the Altcoins market. Lisk (LSK) reports a slight setback of 1.57% against the BTC holding the price at 0.00078797 satoshis (€ 4.19).

The pair LSK / BTC is in a bearish channel which is bouncing at 0.0007769 satoshis (€ 4.16); however, we can see that the volume in the transactions continues very low, so a false break is a highly probable option.

Highlights

  • Lisk is in a bearish channel
  • The price is below 23.60 Fibo
  • There is a low volume of buyers in the LISK / BTC pair

LSK / BTC pair continues its downward trend which is evident since the beginning of the week; the price has tried to start a bullish correction however the sellers have taken over the session by sending the annual minimum price.

LSK / BTC seems to be bouncing off the 0.0007769 satoshis (€ 4.16); however the price is below the Fibonacci retracement level of 23.60% which creates an environment of uncertainty in the buyers, this can be validated by looking at the volume of the market which brings a downward trend.

On the other hand, the RSI is below 50%, which is a psychological investment point. Lisk needs to break above 23.60%, i.e., 0.0008042 satoshis (€ 4.30) to analyze a possible entry. Also, the MA / EMA trend line should have a bullish cross, in this way having a reliable panorama that allows us to enter on a buy.

Technical indicators

  • RSI marked 40%
  • Bearish trend lines in the LSK / BTC pair
  • Main support 0.0007704 satoshis (€ 4.12)
  • Major resistance 0.0008045 satoshis (€ 4.30)
  • EMA / MA 30 periods without trend crossing yet

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#8

BTC Technical Analysis

Monday has started, and the Bitcoin price reports a slight increase of 1.38% raising the price above € 5400. News of the Bitcoin ETF’s for August 10 is something that is beginning to move the market even though there is not enough information on what the SEC’s decision will be.

BTC / EUR pair is in the 38.20% Fibonacci (€ 5435.20) the price has been lateralized at this point which works as a support, while Bitcoin accumulates strength to go to look for a possible resistance at the level 50% Fibo in the €5500.

Highlights

  • Bitcoin ETFs create high speculation
  • Bitcoin continues under a main bearish trend
  • The BTC / EUR pair is lateralized at 38.20% Fibo

BTC / EUR continue under a downward trend; if we see the graph in addition to being below the EMA200 trend line, the price does not manage to create a price crossing between the EMA/MA of 30 periods. This positions us under a tendency dominated by sellers. Bitcoin bounced earlier in the Fibonacci retracement of 23.60% (€ 5351.53) to then start a slight bullish rally to 38.20% (€ 5435.20) where it has failed to retake the bullish holding.

BTC / EUR pair is with a low volume of buyers, so we will have a trading day with high sales influence unless some news brings a positive market sentiment that allows buyers to take over the session. If we have Bitcoin support would be ideal, keep in mind that the fundamental of ETFs can shoot the price considerably to buy BTC, it would be interesting to expect the price to go back at least up to € 5400.

Technical indicators

  • Main price support € 5500
  • Main price resistance € 5400
  • EMA 200 periods indicates a bearish trend
  • There is no upward crossing in EMA / MA 30 minutes

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#9

IOTA Technical Analysis

Tuesday trading is on progress, and the crypto market remains under buying influence, part of this trend is due to the news that BlackRock, the largest asset manager in the world, announced its interest in investing in cryptocurrencies. IOTA has benefited from this bullish rally in the short term; the price rose 7.39% which positions the IOT above € 0.93

MIOTA / EURO pair is forming support at the level of 23.60% of Fibonacci (0.9195) after walking an upward path from € 0.80 to encourage buyers, IOTA like all Altcoins still depends mostly on the advance of Bitcoin, so it could further increase the approval of Bitcoin ETFs.

Highlights

  • IOTA is at a good point of purchase for hold
  • Bitcoin ETFs are a key point for a bullish day
  • The MIOTA / EUR pair is bouncing on the 23.60 Fibonacci

If we analyze the price of the IOTA compared to the ambitions of the project, we note that the value is at an accessible price. IOTA below € 1 is considered a cheap price. For those who make hold this can be a good point to buy and save. Then they can consider selling around August 10th.

As soon as trading the pair MIOTA / EUR are making a slight setback after a bullish day. The 23.60% retracement level of Fibonacci is acting as the main support. The price was overbought; we can validate this by looking at the RSI which touched 76%.

At this time the best choice is, wait for traders to decide if it will break down the 23.60% Fibonacci otherwise we have an interesting buy point to buy at € 0.91 and go to take profit at € 1.

Technical indicators

  • RSI over 60%
  • Main price support € 0.90
  • Greater price resistance € 1
  • EMA 200 observations indicate that the pair is under a bearish trend

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#10

ETH/EUR Technical Analysis

Today Ethereum price rises above € 433, after a bullish rally led by Bitcoin. Ethereum breaks above the EMA trend line of 200 observations.

The Ether is gaining ground against the euro; we see how it has increased more than 6% in the last hours; however we could expect a market correction today as the price is oversold at this time, if we see the RSI this is located above 78%.

Highlights

  • MA / MA line crossing 30 periods on the rise
  • We expect a possible correction during the day
  • The ETH / EUR pair breaks the EMA 200 trend line

ETH / EUR pair managed to move positively during the day today; there was a crossing of EMA / MA trend lines of 30 observations just above the Fibonacci retracement of 78.60% (385.15) this gives a short bullish signal term so that buyers can take action on the price.

Then we see how the price breaks strongly towards € 443 where it has managed to settle above the 23.60% Fibonacci which can act as the main price support. Ethereum is in overbought at this time, so a correction is highly probable in the next few hours. That’s the reason why buyers avoid this point where price is overbought.

At this moment, the healthiest is to wait for a correction in the 23.60% of Fibonacci, touching € 424.30, since the price will have a possible resistance at € 440. At this time, if you have Ethereum, it is best to hold (in case you have not taken profits) otherwise, you should wait for the pullback.

Technical indicators

  • RSI 4 hours oversold
  • Main price support € 424
  • Major Price resistance € 440
  • Crossed EMA / MA lines 30 observations
  • EMA (Exponential Mobile Average) 200 observations

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#11

VEN/BTC Technical Analysis 19.07.2018

While the crypto market experiences a correction after a bullish rally, the price of VeChain continues under a trend dominated by bears, creating an environment of uncertainty and therefore increasing the volume of sales of VEN.

Analyzing the pair VEN / BTC we see how the bearish channel marks a path dominated by sellers, the price has not tried to recover its course in recent days and falls to 0.00026017 BTC (€ 1.62) below the Fibonacci retracement of 23.60 %.

Highlights

  • VEN is in a bearish channel
  • VeChain is oversold the RS touches 16%
  • EMA / MA grows 30 observations downwards very strong

The day progresses, and the pair VEN / BTC continues under a strong bearish channel, the price has managed to break down the Fibonacci retracement point of 23.60% bringing the price to touch the BTC 0.00026017 (€ 1.62) in a session dominated by the bearish

Now that the price of VeChain is in an oversold area we could expect a rebound in the 0.00022910 BTC (€ 1.45) since it is an exciting point of purchase taking into account the great loss that the pair has had against the euro in recent years. Keep in mind that VeChain has made similar moves in the past, so consider VEN as an Altcoin with ease of recovery once the price starts a bullish rally.

The bearish movement experienced by VeChain at this time has been the strongest during 2018, so the purchase price has also been the most accessible since April 1 when the price fell to 0.00034663 (€ 2.19).

Technical indicators

  • EMA / MA 30 observations
  • RSI touching 16% in oversold
  • Main support level 0.00022910 BTC (€ 1.45)
  • Higher resistance level 0.00031931 BTC (€ 2.02)
  • EMA (Exponential Mobile Measurement) 200 observations

Every day new Technical Analysis of 20 cryptocurrencies that are available in the Cryptoder offer and completely free of charge.


#12

XRP/EUR Technical Analysis 20.07.2018

Friday is on progresses and the price of the Ripple seems to enter a bearish channel, the pair XRP / EUR seems to be entering the bearish channel, this then several attempts to surpass the maximum reached at the beginning of the week.

The XRP has been under a lot of pressure by buyers in the last few hours, the price moves below € 0.39 after breaking the Fibonacci retracement point of 23.60%.

Highlights

  • There is a key bearish trend line with a resistance of € 0.47
  • The pair should fall back above € 0.47 and the simple moving average of 100 hours to recover
  • The price of the XRP an important support area near € 0.39 to move towards a bearish area against the euro

The price of the XRP is under significant pressure against the euro and Bitcoin. It is likely that the XRP / EUR pair will extend the losses if it does not move above € 0.4750.

Yesterday, there was a bearish reaction below € 0.50 in the price of the XRP against the euro. The XRP / EUR pair fell and broke the support area of ​​€ 0.49. More importantly, the price did not remain above a key support at € 0.47, which resulted in more losses. The price is now trading in a bearish zone below € 0.39 and the simple moving average of 100 hours.

The price broke the Fibonacci retracement level of 61.8% of the last wave, from the low of € 0.40 to the high of € 50. Therefore, there is a risk of more losses below the level of € 0.4700 in the short term. Immediate support is close to the € 0.39 level. It coincides with the level of retracement of the Fibonacci 76.4%, from the minimum of € 0.38 to the high of € 0.45.

A break below € 0.40 could push back the price towards the support area of ​​€ 0.45. On the positive side, there is a key bearish trend line with a resistance of € 0.40 on the hourly chart of the XRP / EUR pair.

Technical indicators

  • Main support level: € 0.39
  • Higher resistance level: € 0.37
  • MACD per hour: MACD for XRP / EUR returns to the bearish zone
  • Hourly RSI (relative strength index): the RSI for XRP / EUR is now well below level 50

Every day new Technical Analysis of 20 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#13

BTC/EUR Technical Analysis 23.07.2018

Monday has started, and Bitcoin price is positioned above € 6500 after reporting an increase of 3.46%. The BTC/EUR pair had been lateralized without being able to break the Fibonacci retracement of 61.80% at € 6453.
Seeing the chart we see how the price of Bitcoin breaks with a medium volume level, which is not the best scenario, we need more buyers to join the market movement to break the 200-period trend line upwards.

Highlights

  • The EMA / MA cross is near 30 observations
  • Fundamentals continue to play an important role
  • Bitcoin breaks the Fibonacci of 61.80% in the € 6453

Bitcoin has increased its price gains against the Euro; if we look at the chart, we can see how the pair continues under an upward trend.

From the technical analysis, we can see how the price of Bitcoin continues to advance towards the resistance of the € 6600 which is a strong resistance that doesn’t manage to break from last April 24, 2018. To break this resistance, the price can take as next target the 50% Fibonacci at € 6800.

On the other hand, the RSI is at 66%, which indicates that we are not yet under a zone of over-purchase, allowing the price to continue advancing. As primary support in one day chart, we can take € 6400.

It is important to be aware of the crossing of EMA/MA trend lines for 30 periods; this type of upward crossover indicates a bull market trend. We see how both lines are getting closer and closer to making a positive crossing.

Technical indicators

  • 1-day graphical RSI at 66%
  • Main support level € 6400
  • Major resistance level € 6800
  • EMA (Exponential Mobile Measurement) 200 observations

Every day new Technical Analysis of 20 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#14

BCH/EUR Technical Analysis 24.07.2018

Bitcoin Cash price is negotiated above €713 after increasing 1.20%. The BCH continues to try to climb to €800 after a lateralized rally in which the price against the Euro did not have much movement.

Bitcoin Cash currently moves in a short-term uptrend, EMA/MA 30-minute trend lines continue to indicate a bullish price, while RSI remains at 60% so BCH is far from overbought.

Highlights

  • EMA / MA 30 minutes bullish
  • Exciting purchase volume in the day
  • Bitcoin Cash reports a big bullish candle

BCH/EUR pair breaks the 38.20% Fibonacci at €693.60 to start a bullish rally up to 23.60% Fibonacci located at €721 which is an important resistance point for Bitcoin Cash.

Bitcoin Cash is coming out of a bearish reversal which touched the € 660; its increase is closely related to the increase experienced by Bitcoin in the last hours, which is close to €7000.

Looking at the chart, we can see that the BCH gains territory against the US dollar, allowing Bitcoin Cash to have a chance to touch the Fibonacci of 23.60% by positioning the price above €721, from where it will have to hold the price or make a setback up to the support level at €710.

At this time for those who have Bitcoin Cash, it would be best to hold until the price touches a target at €721, while for those who do not have BCH it would be best to wait for a setback in this way not to buy at the highest point of value.

Technical indicators

  • RSI on a chart from 4 hours to 60%
  • Main support level €710
  • Major resistance level €721
  • Crossing EMA / MA 30 minutes with an bullish trend
  • EMA (Exponential Mobile Average) 200 observations

Every day new Technical Analysis of 20 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#15

DASH/EUR Technical Analysis 25.07.2018

Dash price has remained lateralized in recent days without being able to define a north. We see how the pair DASH / EUR remains with slight movements between 50% Fibonacci and 38.20% without breaking the resistance of €220.

After a bullish rally on July 20 when the price touched €245, a bearish correction sent the price to the minimum of €203 from there the price started a new stage upwards but this time with less strength due to the absence of buyers.

Highlights

  • Investors under uncertainty
  • The DASH / EUR pair in a lateralized trend
  • There is a low volume of purchase at this time

DASH / EUR pair is trapped in a symmetrical triangle that we have painted to determine if the price manages to break up or down such lateralization, which leads investors not to decide exactly where to go.

The RSI is at 54% which could make us think that the buyers are waiting for trend confirmation. The pair has had similar movement before, so in the next movement, there is a high probability that the price will increase, thus breaking the 38.2% Fibonacci which is a psychological point of entry to the purchase.

As the main support, we can take the price of €209 located at 50% of Fibo while the nearest resistance is at €220 located at the 38.20% of Fibo. At this moment an ideal thing is to follow the movement to detect when the price breaks the 38.20% Fibonacci. For those who want a better price, the current €215 is interesting. Keep in mind that DASH is a cryptocurrency that rises sharply when the market starts a bullish rally.

Technical indicators

  • Major Price support €209
  • Major Price resistance €220
  • RSI (Relative strength index) to 54%
  • EMA (Exponential Mobile Measurement) 200

Every day new Technical Analysis of 20 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#16

LTC/EUR Technical Analysis 26.07.2018

Litecoin price is bouncing around 50% of Fibonacci with a price of € 74. Litecoin continues to be in an uptrend; we see how from the fundamentals news side the LTC has not issued more news since the acquisition of 9.9% of a German bank by the Litecoin Foundation, this as reported by its creator Charlie Lee.

The pair LTC/EUR has as immediate resistance the 38.20% of Fibonacci in the € 76, to confirm the break up the next breakpoint would be located in the 20.60% of Fibonacci in the € 78 in 4 hours chart.

Highlights

  • Litecoin starts a recovery in the price
  • There is a small volume of transactions
  • EMA / MA of 30 minutes did not cross to the low

Looking at the chart we can see that there is a low volume of transactions in the LTC/EUR pair which explains the low fluctuation, it must be taken into account that the majority of investors are currently focused on the issue of Bitcoin ETFs.

LTC/EUR pair is touching 55% of the RSI which indicates that the price is far from overbought, allowing Litecoin to continue increasing, although the increase is slow at least it is not downward.

At this time many investors prefer that the Litecoin price break the 38.20% Fibonacci to confirm a possible purchase entry. The trend lines EM /MA 30 and the RSI indicate that the price has a high probability of continuing to increase, but could reverse by breaking the bullish channel that has formed, so it is essential to wait for a confirmation.

Technical indicators

  • Major support level € 73
  • Major resistance level € 75
  • RSI (Relative strength index) to 55%
  • EMA / MA 30 minutes continuous upwards
  • EMA (Exponential Mobile Measurement) 200 observations

Every day new Technical Analysis of 20 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#17

BTC/EUR Technical Analysis 30.07.2018

Bitcoin continues above € 7000, in the last hour the price has been lateralized against the Euro, if we look at the volume, we can see how there have been few transactions in the last 48 hours.

Since the cross of bullish lines at €5500, the BTC/EUR pair has remained in an upward trend above the 200-period trend line allowing the price to advance slowly but without losing too much value.

Highlights

  • The market awaits the news about the ETFs
  • BTC / EUR bullish from the crossing of EMA lines 30
  • The price touches the EMA 30 measure after a bullish rally

BTC/EUR pair had an upward rally since the crossing of lines at €5500, since then the session was dominated by the bulls; however, the price touched the 30-period EMA mobile measurement which makes us see that a possible correction It is close to happening.

After touching the mobile measure the price starts lateralization, bouncing off at 23.60% of the Fibonacci retracement level. At this point, we see that the strength of the bulls is less. Also, the market indecision causes the price to run out of strength to continue rising. At least quickly as before.

The RSI is still above 52%, while there has been no crossing of bearish lines, this allows us to think that there is still a chance of continuing to rise, however, everything points to the bears will take the session of the next hours. From the fundamental side, positive news about ETFs can cause the price of Bitcoin to increase allowing it to be renegotiated at €8500.

Technical indicators

  • Main support level € 6850
  • Greater resistance level € 7260
  • RSI at 52% and continues falling
  • BTC / EUR touches the measure of 30

Every day new Technical Analysis of 20 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#18

XML/EUR Technical Analysis

The trading session has started, and the Stellar price (XLM) is being hit by a bearish rally losing 6.40% in the last 24 hours. The correction in the price of the XLM is closely related to the Bitcoin price correction.

We are currently using an exponential mobile measure 9 and 26 periods in a 4-hour chart, which alerts us to a fall in price. The crossing of the mobile average happens at 0.258521 then we have a confirmation with a candle that carries the price to 0.241325 where the price starts a sharp decline, while the RSI is below 50%.

Highlights

  • RSI remains below 50%
  • Bearish crossover of mobile averages
  • An absence of buyers during the session

XLM/EUR is looking for support at €0.23 is this a point of historical backing which was touched before the price started its bullish rally last week.

After the positive fundamentals of Stellar (XLM) such as the certification of an Islamic economic system the price started an upward rally mainly caused by a “Pump and Dump” of the speculators and then have a profit taking at the highest point of the localized price €0.30.

Stellar is below the Fibonacci retracement level of 23.60%. Looking at the chart, we can see how the volume is deficient, which complicates the session so that the bulls can take action. Also, the RSI is at 32% which places the XLM in a strong bearish channel.

Technical indicators

  • Major resistance level € 0.27
  • Major price support level € 0.23
  • RSI (Relative Strength Index) by 32%
  • A crossing of mobile average of 9 and 26 periods
  • EMA (Exponential Mobile Average) 200 observations

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#19

ZEC/EUR Technical Analysis 01.08.2018

August trading session has started, and the Zcash price is positioned below € 170 after reporting a drop of more than 5% in the last 24 hours. The pair is bouncing off the 61.80% Fibonacci retracement line.

The pair has lost its strength against the euro after the Bitcoin reported a sharp decline which led to the price to be negotiated below € 6400. All this is related to the tensions of the ETF which are about to be pronounced this month, according to the latest data from the SEC.

Highlights

  • Fall-related to the price of Bitcoin
  • ETFs have an impact on the ZEC / EUR pair
  • Moving measures confirmed (Bearish Market)

Analyzing the chart we can see how the crossing of moving measures occurs in the € 184 which is confirmed with the next candle, on the other hand, we know how the price touched the channel Donchian warning of a possible correction which was confirmed later.

At this time the ZEC/EUR pair is in a bearish zone, the RSI remains at 35% while the volume is quite low which makes it difficult for the price to increase quickly.

At this moment the price comes back to touch the slow-moving measure which warns us of a possible end of the price to the downside. If the moving measure of 26 the EMA 9 and the RSI exceeds 50%, we would be before a strong signal of purchase.Zcash has strong resistance at € 184 which needs to break if it wants to go and try to break the next resistance at € 200 which is a very important psychological resistance.

Technical indicators

  • Major Price resistance € 184
  • Major Price support € 162
  • RSI (Relative strength index) 35%
  • A crossing of moving measures EMA 26/9

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder and completely free of charge.


#20

ADA/BTC Technical Analysis 02.08.2018

After a minimum recovery of the Bitcoin price, the Altcoins market had a slight increase. Cardano reports a rise of 0.71%, which places the price at € 0.12. Cardano is in a bearish channel which has become difficult to sell.

Analyzing ADA/BTC chart we can observe how the crossing of moving averages in the 61.80% of the level of Fibonacci retracement from its highest point acts as a descending channel which is dominated by the bears. ADA / BTC remains below the fast moving average which indicates a prolongation in the bear market.

Highlights

  • RSI below 50%
  • ADA / BTC under a bearish channel
  • Bearish crossover of moving averages at 0.00002300 satoshis

ADA/BTC pair experienced one of its strongest falls since March 18 when the price fell below 0.00001669 satoshis (€ 0.11) which acts as historical support and could be touched again to continue the current trend.

At this moment the price is below the Fibonacci retracement level of 23.60% which acts as a resistance that Cardano must break to keep climbing. However, it should be taken in mind that the RSI remains well below 50%, on the other hand, the price is far from the fast moving average indicating that the downtrend is not over.

Regarding volume, we see how the chart indicates a low level of transactions, so if the price does not touch the fast moving average, there will be no reason for buyers to take action.

Technical indicators

  • Crossing EMA 9/29 bassist
  • RSI (relative strength index) to 32%
  • Major price support 0.00001669 satoshis (€ 0.11)
  • Major price resistance 0.00001909 satoshis (€ 0.13)
  • EMA (Exponential Moving Average) 200 observations

Every day new Technical Analysis of 24 cryptocurrencies that are available in the offer Cryptoder.com and completely free of charge.