- BTC/USD bears attempt to drop the price below the $9,400–level.
- SMA 20 keeps ETH/USD in check.
- XRP/USD shows decreasing bearish market momentum, despite negative price action.
BTC/USD daily chart
-637280454426831699.png)
- Open: $9,457.65
- Current Price: $9,401
BTC/USD is sandwiched between SMA 20 and SMA 50 and has found resistance at the downward trending line. The Elliott Oscillator has had a red session, following two straight green sessions. The RSI indicator is trending at the neutral zone as the bulls and bears have effectively canceled each other out. BTC/USD has found resistance at $9,523.15, SMA 20 and $9,700. On the downside, healthy support lies at SMA 50, $9,280.65 and $9,067.55.
ETH/USD daily chart
-637280455646121801.png)
- Open: $233.75
- Current Price: $233.45
ETH/USD fell after encountering resistance at the SMA 20 curve. The 20-day Bollinger Band has narrowed, which shows decreasing price volatility. The William’s %R is trending along in the neutral zone, while the Elliott Oscillator has had eight consecutive red sessions.ETH/USD faces strong resistance upfront at $237.50, SMA 20 and $248.30. On the downside, healthy support lies at $230.95, $221 and SMA 50.
XRP/USD daily chart
-637280455975686270.png)
- Open: $0.1931
- Current Price: $0.1919
XRP/USD is trending horizontally in the lower half of the 20-day Bollinger Band and struggling to break above the $0.1933 resistance level. The MACD shows decreasing bearish market momentum, while the Elliott Oscillator has had two consecutive green sessions. XRP/USD faces strong resistance at $0.1933, $0.198, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.19 and $0.18825.
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