Price analysis of Bitcoin, bitcoin Cash, Ethium, Ribble for March 12, 2018
Bitcoin Price Analysis:
The currency of the Bitcoin (Btc) broke through yesterday evening's bearish trend line on the hourly interval and continued the rise of the digital currency until approaching the area of 9380 $ The encrypted currency began to move around this level without breaking or breaking it.
Our neutral view of the electronic currency trading as long as trading between the areas of $ 9517 to the areas of $ 9024, and the simple moving average 20 is currently a support area for the virtual currency.
Momentum RSI 14 is retesting the bearish trend line that was breached last evening.
It is expected that, in case of electronic currency breakout of the $ 9517 level, the 10456 zones may be targeted while in the case of a break, the digital currency areas of $ 9173 may target $ 8527.
.Support: 8303-7500-6650
.Resistance: 9380- 10669 - 11166
.Direction: Upward
Price analysis of etherium:
The digital currency Ethherum is trading in an accidental direction on the hourly interval of trading within a classic symmetrical triangle model. This model started in the configuration when the digital currency bounced back from the $ 641 areas before achieving the full harmonic pattern completion point we noted during last week's report B $ 26.
The SMA 20 is still neutral.
The MACD with the default settings is neutral as a result of the convergence of the strength of both sellers and buyers.
It is expected that, in the case of breaking the digital currency $ 709 ethrium may target the area of $ 669 but, in the case of penetration of $ 732 area may target the currency $ 814.
.Support: 641.03 - 600.00 - 490.76
.Resistance: 721.54 - 772.38 - 817.14
.Direction: Occasional
RIBLE PRICE ANALYSIS:
The default currency (Xrp) (Ripple) failed to break through the 0.8161 resistance zone on the hourly interval during yesterday's trading after it rebounded from the $ 0.72 area during the weekend.
The digital currency, which is confident of the banks, is trading in an intra-symmetrical pattern and the SMA 20 is neutral as it is sometimes trading above and below the price.
Momentum Relative Strength 14 is trading in a bullish direction under formation. This trend is weak due to the break of the index to the previous level.
It is expected that, in the event of a break of the $ 0.7399 default currency, the currency may target $ 0.634, while a breach of 0.8303 areas could target $ 0.9652
.Support: 0.6340 - 0.50 - 0.35
.Resistance: 0.8161- 0.8877 - 0.976
.Direction: Occasional
BCH Price Analysis:
BCH (Bitcoin Cash) broke against the US dollar on the 60-minute downtrend line and the breakaway currency breached the $ 1085 area, confirming the breach of the bearish trend line.
The encrypted digital currency trades in a bullish direction in formation, SMA 20 is trading in a bullish direction.
Momentum RSI 14 is trading in a bullish direction in formation. This trend is weak as a result of breaking the ascending trend line.
It is expected that, in the event of a digital currency breakout the $ 1130 Cashwin may target the currency area $ 1243 but in the case of breaking $ 1096 the currency may target $ 1007.
Support: 994.22 - 900 - 850
Resistance: 1130.16- 1194.26 - 1343.88
Direction: Upward
