Daily price analysis BTC + ALTCOINS

[Dany44]

Bitcoin- sixth attempt was successful, Ethereum can’t find the momentum, Litecoin fights with trendline



Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin (BTC) breaks above the strong resistance areas

Yesterday we made a breakout of $7,349 (upper blue line). We had tried to break this five times but all attempts were unsuccessful but the bulls managed to hold the price up near the resistance and finally the sixth attempt was successful.



Bitcoin made a breakout upwards but our next resistance is not far away from us and you already know, the next resistance is $7,500-$7,600, and looks like we are going to test this area. We have a little problem, Bitcoin doesn't show the high volume, maybe this could be the only problem but let's see technically looks all very promising.

Litecoin (LTC)- have to fight with the last down-trendline

Currently, LTC price is below the round number $70 and we are still below almost the last major down-trendline pulled on the four-hour chart from the wicks. This crossing area makes it difficult to break through from here although the $70 haven't been so difficult level for Litecoin but like always those crossing areas makes it a little bit harder to break through.



If we get another leg upwards then above the trendline we have right away the very strong resistance level which consists of the July and June lows around $72-$74 and also Fibonacci retracement areas are in this level zone. We have to take down this level if we want to see a bullish Litecoin.

At the moment the price trades above the important EMA's (50, 10, 200) we have a golden cross between the 50 and 100 EMA and we are starting to make it also with 100 and 200. If we had the bigger golden cross (100&200) then we could say that the chance to go straight through from this trendline is a bit bigger change but at the moment we could make a small pullback before we can make the breakout upwards.

If we start to make a pullback then luckily we have the EMA's which works as the supports and we have a counter trendline which could work as a support. If we break below the counter trendline then this is definitely very bad for Litecoin price and we may go and retest the $50 again. Also, it depends on what the whole market does.

Take a look at Ethereum (ETH) Price Analysis, Sept. 5, 2018
Have a nice day!

[1715658776]

1715658776

[hgsteknoloji]

All the gains that this market has slowly been making for 5 days were wiped out with a single candle within hours.

I initially planned to go long at these levels 6800-6900,but actually  I do not want to do that yet because of how sharp this drop was.
It may indicate a larger move, and not just a correction (that candle was definitely not how a correction/pullback should look like).

[Dany44]

Bitcoin, NEO, Cardano, EOS Ready to Bounce After Drop: Crypto Price Analysis, Sept. 6, 2018



Bitcoin made more than a $1,000 drop

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin- all strong supports are broken, only one left on the current price

Yesterday we said that if the price closes below the strong support line (blue line) and below the minor upper trendline, which is also a part of the continuation pattern "Rising Wedge,” then we will drop into the $6,500 area.

Currently, we are in this area. In August, we attempted to break above this level many times and currently, the old resistance becomes a support.



RSI is totally oversold and we made over a $1,000 drop which is massive. So, we could guess that we could find a small support from here and this support will guide us may be around $6,700. There is a historically strong level which started to work as a resistance and from the current drop points (high to low) pulled the Fibonacci retracement to 38 percent in this area.

Currently, we just have to wait and see what the price action shows us, maybe we can find something positive! Let's take a look at how the altcoins react to this "market crash.”

NEO (NEO/USD) trades below the upward channel

Since yesterday, NEO came down ~26 percent and we trade below the channel and below the round number $20!



We got a bounce from $18 where the Fibonacci retracement level is 62 percent and from the support which was there before the resistance (black line). On the four-hour chart, we trade below the EMA's, actually, in all timeframes we trade below the EMA's and that's not a good sign like we said, we have also a breakout downwards from the upwards channel.

If we want to search for some positive signs then at the moment NEO price is in the area where it still could make a higher low, after the bounce from the Fibonacci level we got a "Hammer" candlestick pattern, but this is a very small pattern because there is still panic in this market.

A close below $18 confirms a lower low and in addition, we have a change in the price structure which will indicate that we may come down and retest the $13 area. But if BTC finds the support from the current price then NEO will follow suit because it looks solid compared to others altcoins.

Take a look at Cardano (ADA) and EOS (EOS/USD) Price Analysis, Sept. 6, 2018
Have a nice day!

[Dany44]

Bitcoin makes a small recovery but it is on the “Rising Wedge,” Monero (XMR) shows some positive signs and our mentioned NEO was yesterday on of the top gainers



Bitcoin started to make a small recovery and so have alts

Currently, Bitcoin starts to make a recovery but definitely nothing remarkable because we dropped -$1,100 and we have made recovery +$200. At the moment, it moves slowly upwards and a positive sign is this that the daily candle closes above the strong area $6,509. In August, the $6,500 area was very hard resistance to beat but after many attempts it was successful and now the old resistance becomes a support.



Like you see on the one-hour timeframe, we start to make new short-term higher highs and higher lows on the important level.

Currently, it looks good but those HH's and HL's starts to form a continuation pattern "Rising Wedge" which will indicate the future direction. If it breaks below the lower trendline then it's simple, we follow the trend, which is down and continuation pattern starts to work correctly and the first bigger target would be around $6,000 but if we make a breakout upwards then we might go and retest the $6,767 area. This area is also historically very strong and it would require a lot of power to break above but there are also other criteria:

*Fibonacci retracement level 38 percent (pulled from the Sept. 5th, which is the high point, to Sept. 6th which is the low point)

* Different timeframes EMA's starts to work as resistances.

Let’s look at how altcoins have reacted after Bitcoin’s small recovery.


Monero (XMR) looks good but it all depends on Bitcoin

The day before yesterday, Monero was down 22 percent but Bitcoin finds a support from the strong area and after that, we saw a nice upwards movement from Monero.



Technically the bounce came from the strong price levels where are several reversal criteria:

1. Channel bottom trendline bounce

2. In the three-hour and the four-hour chart we could see that EMA 200 works as a support

3. Smaller Fibonacci retracement level is perfectly 62 percent

4. Bigger Fibonacci retracement level is 50 percent

5. Old resistance becomes support

6. We are in the higher high area

So, technically Monero can continue climbing up, but all depends on Bitcoin: if it breaks above the “Rising Wedge” then Monero will follow. The starting platform is very good and the first target would be the major trendline touch above us. If it breaks above the trendline then there are several red lines, those are monthly lows and monthly highs and that makes the $150 very hard to beat.

If Bitcoin makes a breakout from the continuation pattern downwards then Monero bearish confirmation area would be a close around $105. Then we have a breakout from the upwards channel and if we get a close below the $100 then we have also a break below the round number and we have made a new lower low which all indicates bearishness.

Take a look at NEO Price Analysis, Sept. 7, 2018
Have a nice day!

[Dany44]

Bitcoin- Bad Signs, EOS Looks Good, ETH is On the Edge: Crypto Price Analysis Update, Sept. 10, 2018



Bitcoin- bad signs come from the weekly candle close

We are again in a well-known area between the $6,000-$6,500 where the big guys don’t even hide their movements. Just a quick sell off and the next day a quick buyback and etc.

Bad signs come from the weekly candle, the previous week close was below the $6,500 mark, below the April low and below the strong support area, which all indicates that there is a very big selling pressure. The previous week’s close (bearish “Engulfing” candlestick pattern) gave us another lower low close and again, the overall market structure is bearish.



Currently, BTC price moves in the down channel and it has broken support after support. This channel guides us exactly into the $6,000 range where there is a major counter trendline, pulled from the June 24th low and from the Aug. 14’s low. So, if it drops, then this is the first target that we have to watch where we want to search and predict any further moves.



Currently, trading is definitely very risky because we don't have any significant confirmations. Confirmations are only bearish and come from the weekly chart but if you want to know when we could see a bit better opportunity to enter the market or any altcoins then it would be a four-hour candle close above the 'yellow' short-term trendline, above the April low and above the round number $6,500. There we can say that the short-term trend could be bullish and remember the counter-trend is always very risky because we have bad signs from higher time frames.

EOS (EOS/USD) shows some strength

Over the weekend when almost all alts took another hit, EOS holds the price very nicely.

It shows that EOS has some potential and the platform is technically solid.

The weekly candle closes below the round number $5 and below the short-term counter trendline but nothing significant just a small fall and quickly back around the $5 area.



Currently, we trade above the round number and on lower time frames. We could see that it starts to form a bullish chart pattern called "Inverted Head & Shoulders" which will indicate the further move upwards.

If we want to see a bullish move then we have to get a close above the April low and a candle close above the counter trendline. This will guide us to the last down-trendline which starts to work as a resistance if we take down the last down-trendline then we have a free “road” almost to the $6.5-$7.

A bearish move will be almost confirmed when it gets a close below the red line and then the price will continue the move down on the down channel. Nearest supports would be the trendline which is pulled from the 2018 low point, the August low and the round number $4. This zone is a very strong area and we expect further price movement from this price level at $4-$4.2.

Technically, EOS looks very strong and promising if the market finds the way upwards.

Take a look at ETH (ETH/USD) Price Analysis, Sept. 10, 2018
Have a nice day!

[pocketfullofpoke]

That's one hilarious cryptocurrency graph but i normally don't look at crypto graph regularly because it may just frustrate me in the process. I just let the time past because i know a promising cryptocurrency is like wine that has its taste getting better as time goes by.

[BigBos]

That's one hilarious cryptocurrency graph but i normally don't look at crypto graph regularly because it may just frustrate me in the process. I just let the time past because i know a promising cryptocurrency is like wine that has its taste getting better as time goes by.

well, sometimes people just follow the path to see the current price. keep monitoring prices will make us even better in terms of analysis, bitcoin or altcoin. Well, but looking at the current price analysis, the price is declining for this month.

[BlackSociety]

Bitcoin is now very suitable for purchase. I think that you can buy it even if you don't analyze the data, because many people start dumping coins because of panic. Bitcoin and USDT will be their best safe haven!

[Dany44]

Bitcoin on the Down Channel, Ripple Possible “Double Bottom,” DASH Showing Some Strength: Crypto Price Analysis Update, Sept. 11, 2018



Bitcoin possible ‘short’ area

After the Sept. 9  inverted "hammer," yesterday we got a green candle close. Yesterday’s candle closed above the mentioned strong level $6,250 but the volume is very low to get any information from this candle.



In the four-hour chart, we could see that we are still moving downwards in the down channel which will guide us to the $6,000 level and there is also the major counter trendline. So, at the moment, we can't make any precise prediction because the signs are just too unclear. We have to wait for this level or better price action from the current level.

In the four-hour chart BTC still makes lower highs and lower lows but if you zoom in, then in the shorter timeframes there is a sign which will tell us that the small price structure could change because there we can see some lower highs which tell us that buyers don't want to let the price down and we could see a bounce upwards.

If we break upwards from the current channel then technically a good short opportunity- short opportunity, because our bias is bearish based from the previous week candle close (yesterday's post)- would be around $6,700-$6,800 and the area criteria are:

1. The Fibonacci retracement 50 percent (pulled from Sept. 5 to Sept. 6)
2. The Fibonacci extension 141 percent to 161 percent (pulled from Sept. 7 to Sept.
3. Strong resistance area $6,787-$6,800
3. Different timeframes EMA's starts to work as resistances

Currently, our recommendation is, stay away from the market and wait for those levels that we mentioned above. From these areas, we can make better decisions but let’s look at what the few altcoins charts show us.

Ripple (XRP/USD) possible "double bottom"

Currently, Ripple trades between the $0.25 and $0.3 levels. The short-term price structure is still lower highs and lower lows but the chart shows us that it slowly starts to slow down after the drop from $0.35. A first possible support is the August low/ 2018 low and the round number area $0.25. If it finds support from this area then we have also a bullish chart pattern called "double bottom" and currently looks like the channel guide us into this area.



To enter the market from the mentioned area we have to watch what Bitcoin does, if it also shows us some positive signs then definitely this is a place where Ripple may bounce upwards.

Upwards target would be the trendline which is pulled from July 4th’s wick. This trendline starts to work as a resistance and if we get a candle close above the trendline and above the round number $0.3, then we have an almost free ride to the $0.35 or $0.4, depends how healthy the market is.

Bearishness will be confirmed if we get a candle close (at least four-hour) below the August low which matches almost exactly with the round number $0.25, then this is our confirmation and we can be almost certain that XRP' could drop as low as $0.2. There is the rally month low (December low), historically nothing more and the psychological number. The rally month low- December last year's rally started from this area! So, if we drop below the $0.25 next stop would be around $0.2.

Take a look at DASH (DASH/USD) Price Analysis, Sept. 11, 2018
Have a nice day!

[Dany44]

Bitcoin- Seven Failed Attempts, LTC is on the Important Area, TRX Approaching Key Level: Crypto Price Analysis Update, Sept. 12, 2018



Bitcoin has seven failed attempts

Now we have been in this consolidation phase a little bit over six days. Currently, BTC price has drawn us a "Triangle" pattern and we have a down channel where the price moves downwards.



Yesterday we got a small sign that the price may come down and test the lower levels. It made a breakout from the triangle downwards which is a bearish sign, but currently, on the four-hour chart, we could see that there is a very strong level- $6,250.

BTC price has tried to break this seven times but all those attempts were unsuccessful and it bounced back above the mentioned level. So, basically, we have a sign that we may go downwards from triangle breakout, now, if we get a close below the $6,250 this could mean that there is a very high probability to go test the lower levels. If we start to drop then the first support is $6,000 where we want to watch what the price action does but we think it will go much lower than $6,000 but let's see and let’s take this step-by-step.

If we start to go higher then you already know our resistances from yesterday’s post.

Litecoin (LTC/USD) is on the important area

If some alts are approaching the 2018 low point then Litecoin is almost there. Currently, LTC price is on the very important support area- $50 which starts to work as a support and the 2018 low which was made on Aug. 14.



If we don't find that power to hold the price above $50 then bearish confirmation would be a four-hour candle close below the 2018 low (red box).

A break below the 2018 low could mean bad news for LTC because there are exactly zero recent supports until the next round number area of $40. There are also two different trendlines pulled from different wicks and lows (let's call those trendlines the minor trendlines) and they make a cross on the $40 level + there is also some Fibonacci extension areas. So, this means the next support area and a pretty significant one is around $40.

To trade between the $50 and $40 level is pointless and very risky. Because technically there is almost nothing remarkable. Wait for $40 or if the price doesn't reach into this are then wait for our technical analysis, we will try to keep you posted.

Take a look at Tron (TRX/USD) Price Analysis, Sept. 12, 2018
Have a nice day!

[Dany44]

Bitcoin Shows Bullish Momentum, Monero and NEO Have to Fight Key Levels: Crypto Price Analysis Update, Sept. 13, 2018



Bitcoin shows a bullish momentum

Yesterday, we said that we have seven failed attempts to break below the $6,250 level and after we post it, the eighth attempt was successful but with a very low volume and the close wasn't in our mentioned "red box.” The buyers were alert because each bigger selling attempt was pushed quickly back upwards. So, this action drew us a smaller triangle and we made a breakout upwards from it with a nice volume inside the candles.



Currently, we are back above the counter trendline (pulled from Sept. but below the April low and below the round number $6,500. These orange price zones are strong resistances and at the moment we got a bounce from the April low and from the lower orange resistance area. The small throwback will guide us to the counter trendline and there we have to watch what the price action wants to tell and show us but currently, looks like the price shows some bullish strength and momentum and we may go higher than $6,500 but the candle which guides us through these levels have to be full of volume.

Monero (XMR/USD) starts to fight against the heavy resistance

Almost all the altcoins got a bounce from yesterday’s ‘run’ and so as Monero. It bounced upwards from previous support level at $97. It made a massive bullish "engulfing" candle which guides us above the round number $100 and the profit from the bottom was +11 percent.



But looks like we have a heavy resistance above us. This red area has been historically a support and has been historically a resistance and now, again it starts to work as a resistance. In this area, around the $110, are all important EMA's on the four-hour chart and also we could find a counter trendline which passing through this area and makes a cross. This will all indicate that the key level is around $110.

Break above the mentioned level will guide us back above the counter trendline, back above the EMA's and we make a new short-term higher high. Those criteria are all bullish and if it could do this then definitely we are in the bullish zone again.

Take a look at NEO (NEO/USD) Price Analysis, Sept. 13, 2018
Have a nice day!

[Affilate User]

maybe the graph analysis that you provide can help new traders to determine the right time to buy cryptocurrency and can sell the cryptocurrency that you have but that cannot be relied on forever because this bitcoin price movement is very difficult to predict due to demand and some news in the media can also influence the movement of cryptocurrency.

[Dany44]

yeah, I know, but we're trying to do our best!

[Dany44]

Bitcoin Made a Breakout, Ethereum is One of the Top Gainers and Cardano Possible Short-Term Targets: Crypto Price Analysis Update, Sept. 14, 2018



Bitcoin is above U.Today’s mentioned resistances

Yesterday, we said that Bitcoin shows some bullish volume and it shows some strength to go upwards. Currently, the last four-hour candle close was exactly above our last marked resistance area at $6,550 which means that we have a breakout from the strong resistances and now, starts to play our next previously mentioned resistance level at $6,700-$6,800. In this level zone, the price could turn around and be bearish again.



It is technically a good short opportunity because technically, our bias is bearish based from the previous week candle close which was bearish "Engulfing.”

$6,700-$6,800 area short criterias are:

The Fibonacci retracement 50 percent (pulled from Sept. 5 to Sept.

The Fibonacci extension 141 percent to 161 percent (pulled from Sept. 7 to Sept.

Strong resistance area $6,787-$6,800

200 EMA starts to work as a resistance

We also might see a throwback from the bigger Fibonacci 38 percent level around $6,600 On the four-hour chart, we meet with the 100 EMA line. 38 percent is also important because if the pressure is down (currently the long-term pressure is down) then from this level we could see a bigger throwback but let’s see!

Currently, the last candle close and the price structure shows us positive signs and our main aim is still $6,700-$6,800 if we climb higher, there we want to search some bearish price action (candlestick patterns, chart patterns on the lower timeframes, minimum 15 min, volume) before we start doing anything.

Ethereum (ETH/USD) one of the top gainers in the trendline party

Ethereum has made a 33 percent increase since Sept. 12, it bounced upwards from $170 and now the current price is around $215. The bounce came from the sharper trendline area. After the bounce, we got from the daily timeframe a nice bullish candlestick pattern called "Morning Star" and this momentum gave a boost to break back above the blue trendline, above the $200, above the orange resistance level, above the 50 EMA (on the one- hour timeframe it trades above all the EMA's - 50, 100, 200).



Currently, the price sitting on the Fibonacci retracement level 38 percent and it approaching the trendline (dark red) which is pulled from April 1, 2018 and could start to work as a resistance. Above the current price are heavy resistances after another:

1. The longer and smoother trendline since April 1, 2018- $225

2. Previously worked resistance- $230-$234.5

3. Fibonacci retracement 50 percent- $235

4. The trendline since July 29 - $237-$241

If we can beat those levels then the Ethereum panic selling could be over.

Take a look at Cardano (ADA) Price Analysis, Sept. 14, 2018
Have a nice day!

[Dany44]

Bitcoin & Cardano Are on the Triangle, Ethereum Has to Fight With Trendlines: Crypto Price Analysis Update, Sept. 17, 2018



Bitcoin is on the “descending triangle”

Over the weekend we moved sideways between the strong areas. Our resistance was the March low at $6,533 and our support was the April low at $6,425. We break downwards from the older counter trendline which is not so remarkable anymore because there are other and newer counter trendlines, but still, it could be a small sign.

The weekly candle closes just below the round number at $6,498, so, Bitcoin took down two out of four major resistance levels between the $6,425-$6,533.

Remember we had two weeks ago the "engulfing" candlestick pattern which indicates that we could get another leg down but we didn't. So, this will show us a little bullish hold/momentum on the BTC chart and if you remember, in August, we had a pretty strong monthly candle close (let's say a sloppy "hammer") which could be the reason why we didn't fall further because this monthly candle indicates a little bullishness on the Bitcoin.



On the four-hour chart, Bitcoin has drawn a bearish chart pattern “descending triangle.” It is pulled from the bodies and soon, it is ready to make a breakout.

The triangle means that we have breakout opportunities to either direction, descending means that we have just a slight advantage to break downwards so, a candle close below the 'currently the main counter trendline' and below the April low level will be a sign that we go downwards (red triangle is the confirmation area). Bullish confirmation would be a candle close above the "descending triangle" and above the March low. Then we got bullish momentum from the chart pattern breakout and if we take down all the major resistance levels from this area then this could be another momentum sign. So, a close above the $6,533 could mean another leg upwards (green box on the chart) and a close below the counter trendline could mean another leg downwards (red triangle).

Ethereum (ETH/USD) has to fight with the trendlines

Overall, the altcoins show us a nice and steady climb upwards which will be a good sign for the whole market. Currently, like Bitcoin, Ethereum has to fight against the strong resistance. The Ethereum price is around $218 and just above us are two trendlines: the longer and smoother since April 1, 2018, and the trendline since July 29 (pulled from bodies). Those trendlines make across just above the current price, plus we have a 'naked' resistance area (orange box) and we approaching into the 100 EMA which starts to work as a resistance.



So, after we calculate those criteria we got a pretty significant resistance level. If we want to beat that then Bitcoin definitely has to make a breakout upwards from the triangle then the other altcoins could find the momentum and should follow this move upwards. If we don't catch this momentum then we might go and test the lower levels and the next supports are the orange area below us and the round number $200.

Take a look at Cardano (ADA) Price Analysis, Sept. 17, 2018
Have a nice day!

[pieppiep]

I think this bitcoin price analysis will never be predictable, usually the price will be predictable when it has happened like this and I think it is too late and not very useful because it is very difficult to predict the price movements of bitcoin and altcoin.

[Dany44]

Bitcoin is in the crucial area

Yesterday we mentioned that Bitcoin is on the "descending triangle" and this meant that we had a slight advantage to break downwards, well it happened. On the one-hour chart, we got a breakout from the counter trendline and we got a candle close below the April low (below all important price levels between the $6,425-$6,533). Those confirmations from the one-hour chart led us to the lower levels, to the next strong support line at $6,250.



Currently, BTC price has stopped in this area and the daily candle got a close above the mentioned level. This is good because if the current level holds us then we make a higher low and the price structure stays healthy with the higher highs and higher lows.

Stellar (XLM/USD) has a superstrong area

Yesterday, Stellar fought with the area which has been historically a super-strong level to beat, around $0.21. Over the two week period it has 20 (!) failed attempts to break above the mentioned levels. Previously this super-strong resistance was a support and also then we had around 20 attempts to break. So, if you want to see a bullish Stellar it has to make a breakout above the blue line.



Currently, after the little drop, we are below the round number $0.2 and back below the trend line which is pulled from July 25th.

If BTC doesn't find the bottom from the current level ($6,250) then definitely Stellar will follow that move down and we will retest the lower levels because we had a bullish "ascending triangle" pattern. However, sadly, we made a breakout downwards.

Our nearest support lines would be the double bottom around $0.18 and below is a black trendline. This trendline has pulled from March 18 and it has already three precise touches so, this is definitely a significant level. If we break below from this trendline then we may go and touch pretty low levels.

Take a look at Dash (DASH/USD) Price Analysis, Sept. 18, 2018
Have a nice day!

[Dany44]

BTC & BCH Has Found Short-Term Bottom, Ripple Exploded: Crypto Price Analysis, Sept. 19, 2018



Bitcoin respected our mentioned level

The whole market made a short pump upwards. This was due to the fact that BTC bounced upwards from our mentioned level at $6,250. BTC’s move pulled all the altcoins upwards as well and like we said the whole market got pretty nice bullish momentums.



From a technical perspective, Bitcoin now trades above the major counter trendline which is pulled from Sept. 18. The bounce from $6,250 made a scarcely higher low which is good for the price structure and will indicate that we are still in the short-term bullish market.

Currently, we are on the chart pattern, slightly in the bullish "Ascending Triangle.” If we break upwards then we could see another leg up to the important resistance levels. The next and first resistance would be around the April low, in the one-hour chart there is 200 EMA and in the four-hour chart there is 50 EMA.

If we don't find the power to break through from the triangle upper trendline then the first bearish sign will be when we get a candle close below the counter trendline. After that, we might go and retest the strong area at $6,250 but nothing can be confirmed before we see a candle close below the counter trendline.

Ripple (XRP/USD) exploded

Yesterday, when the whole market started to pump upwards, Ripple just exploded. We’ve discovered the bullish chart pattern (Inverted Head & Shoulders) on the XRP/USD chart and it even made five percent in minutes! The detailed post is here: (https://www.tradingview.com/chart/XRPUSD/aWWYaTLf-RIPPLE-XRP-USD-Inverted-Head-and-Shoulders/)



Currently, it has made a little bit over 18 percent growth since we discover this momentum and now we could see another move upwards if we can break above the bullish "Ascending Triangle" upper trendline/support. Our main target is the round number $0.4 but we could see stops around $0.35 and around $0.38. This move upwards should also be supported by Bitcoin, BTC has to at least hold the current price and can't break below the counter trendline, if it manages to hold this then Ripple definitely starts to climb higher.

Take a look at Bitcoin Cash (BCH/USD) Price Analysis, Sept. 19
Have a nice day!

[Dany44]

Bitcoin made a massive shake off and Ethereum has to fight with heavy intersection area



Bitcoin possible confirmation areas

Last night Bitcoin made very strong and sick moves. The big guys shook off some buy and sell orders and hopefully, now they are satisfied. Like you see on the four-hour chart, one candle range is almost $500, recently this is the biggest shake off that we have seen but let's try to break down the price action and possible confirmations areas.



Currently, we trade on the triangle (black trendlines), the massive candle was below the triangle and it was above the triangle but the close was inside. Actually, this move was pretty good for the technical perspective that this could mean that probably we don't see those fake moves in the near future and technical analysis confirmation areas would be higher accuracy.

At the moment, on the four-hour chart, the price is 'sitting' on the Fibonacci retracement level at 62 percent and below the 50 EMA. Also, all our earlier mentioned level above the current price starts to work as a resistance:

- April low at $6,425
- Strong Resistance at $6,460
- Round number $6,500
- March low at $6,533

If we want to see another leg upwards then firstly, the biggest confirmation would be the upwards breakout from the triangle upper trendline. This is definitely hard to beat because this trendline makes a cross from those resistance levels and also, there is a 100 EMA which starts to work as a resistance but let's watch what we can get from the current levels and we have to take this step-by-step, confirmation after confirmation.

To confirm bearishness then a candle close below the $6,235 will confirm a movement downwards. If we get a candle close around $6,200 then we have a breakout from the triangle and break below the strong support levels.

To make the trades inside the triangle is very risky because we never know when they start to fool us.  Be cautious!

Take a look at Ethereum Price Analysis, Sept. 20, 2018
Have a nice day!

[Dany44]

Bitcoin is above the current level of major resistances, Dash shows bullish signs, Ripple is a massive gainer



Bitcoin is above the current level major resistances

Yesterday, we mentioned exactly a bullish confirmation area which was above the triangle upper trendline and above 100 EMA. The four-hour candle closed pretty precisely above those and as we mentioned, this shake off that happened the day before yesterday would give us a better accuracy on the confirmation areas from the technical perspective.



After the close, we got another bullish four-hour candle which closed above all our named resistances. Now, those resistances become the support levels, starting from the March low until the April low.

Currently, after the pump upwards, Bitcoin finds a resistance from 200 EMA but we have a good sign from the candlestick pattern called "Inside bar,” it means that if we break above or below from the main candle range it will show us current momentum. So, this massive candle and those candles afterward created us "Inside bar(s)" and we did a breakout upwards (you can see the blue lines mark those places on the chart) which will indicate that the momentum could be upwards.

Now, when we have a little throwback from 200 EMA we could retest the lower levels. All throwbacks are healthy if we manage to stay above the triangle upper trendline which now also becomes a support level. The lowest point where we want to see another movement upwards is around $6,460. The bounce criteria from retest area:

1. There is the strong support level (blue line)

2. The triangle trendline

3. There is 100 EMA

4. Fibonacci retracement level 38 percent

All those criteria make a crossing area and start to work as strong support levels.

Obviously, there is room to reach higher levels. We want to name the first area where the price could stay in consolidation mode or could make a little throwback, it is around $6,766. There is another strong resistance level, the bigger Fibonacci 50 percent retracement zone and a trendline projection.

Dash made a bullish breakout

Dash has made a breakout from two triangles. The first bullish four-hour candle takes down the smaller triangle and the second candle takes down the bigger triangle (blue lines).



We have mentioned before how strong it looks and etc. Currently, as we said, it has two bullish signs but let's count all the bullish signs together, we have:

1. Upwards breakouts from the triangles

2. A break above the round number $200

3. Currently, we are sitting on the July low level which starts to work as a support because we broke above that level too

4. The golden cross between 100 and 200 EMA

 
So, those criteria will guide us to higher levels and the target areas could be around:

* $225- the August high level which starts to work as a resistance

* Currently, the main target would be around $250- semi-round number, the triangle pattern possible target, Fibonacci extensions.

Technically, Dash is very bullish, multiple bullish price action criteria matching each other means it is ready to climb into the main target area.

Take a look at Ripple Price Analysis, Sept. 21, 2018
Have a nice day!