Bitcoin Cash Price Technical Analysis

27. September 2018

Looking at the chart, the price is currently under slight downward pressure below the 100-hour SMA. The MACD is slowly moving into the bearish zone. The RSI has dropped below the 50 level and signals selling pressure. As mentioned earlier, resistance is at $1,500 an ounce, while support levels are at $1,380 and $1,360 an ounce. As with Bitcoin, Bitcoin Cash was moved from the Mt Gox account, so further selling pressure is more likely.

Ethereum Price Highlights on

Ether price began an upward move and moved above the $710 resistance level
There is a bullish trend line forming on onlinebetrug the hourly chart with support at $710 an ounce
Ether is currently correcting downward, but it remains at $700 and the 100 hours SMA supported
The Ethereum price is recovering against the US dollar and Bitcoin. Ether is trading above the 100 hour SMA, which is a positive sign.

Technical Indicators Signals for the Bitcoin code

After a sharp drop last week, the ether price was able to hold the support zone of $635 an ounce. The price was traded to a low of $637.88 and then began an upward move. ETH climbed higher and breached the Bitcoin code $660 and $680 resistance levels. Buyers were able to push the price above the $700 resistance and the 100-hour SMA again. These are positive signs and suggest that the price has recovered well from the $637.88 low. There is an important trend line forming on the hourly chart with support at $700. However, if this trend line breaks near $700, Ethereum could signal a trend change and lose value.

Ethereum Chart by TradingView

Ethereum Price Technical Analysis
As long as the price is above $700 and the 100-hour SMA, ETH can recover again. The MACD is slowly moving into the bearish zone. The RSI is moving towards 50 and shows a relatively balanced relationship between buyer and seller. The most important support level is found at $700, while resistance is at $740.

Ripple Price Highlights
Ripple price recovered somewhat, but fought against resistance at $0.7500
XRP has boosted support of an ascending channel and could move towards the support level of $0.6500
The Ripple price is in a declining zone.

#Ethereum Price Highlights