Technical analysis (BTC, ETH, XRP, BCH, EOS) Monday, August 13, 2018

[AzatFinrazor]

Hey guys!

Here is our TA of today’s market! Feedback is appreciated.

For more, visit our website.

BTC/USDT

Bitcoin price is trending below a short-term descending trend line as it hovers at the long-term floor.
Traders are likely waiting for the next catalysts to decide which direction the breakout could take.
Technical indicators appear to be suggesting a slowdown in bullish momentum soon.
Bitcoin price is still trending lower on the short-term time frame but buyers are defending the long-term floor.

ETH/USDT

ETH price recovered a few points after trading as low as $304.26 against the US Dollar.
There is a major bearish trend line in place with resistance at $320 on the hourly chart of ETH/USD.
The pair is struggling to move above the $320 and $328 resistance levels, and it remains at a risk below $310.
Ethereum price remains in a downtrend against the US Dollar and bitcoin. ETH/USD must clear the $320 and $330 resistance levels to recover towards $355.

XRP/USDT

Ripple price extended losses and traded below the $0.3000 support level against the US dollar, but it broke trend’s line and went to resistance at 0.31
Many doubts, that XRP would be able to pass R1 line and go uptrend.
The pair remains at a risk of more losses below the $0.2900 and $0.2800 support levels in the near term.
Ripple price is struggling to rebound against the US Dollar and Bitcoin. XRP/USDT could extend declines below $0.28.

BCH/USDT

Bitcoin cash price started consolidating losses after trading to the $540 low against the US Dollar.
There is a brake of a bearish trend line formed with resistance at $580 on the hourly chart of the BCH/USD pair .
The pair might continue to struggle to break the $590 and $600 resistance levels in the near term.
Bitcoin cash price is under pressure below $600 against the US Dollar. BCH/USD may perhaps attempt a recovery if buyers push the price above $590 and 100 SMA.

EOS/USDT

EOS price declined heavily and broke the $6.50 and $6.00 support levels against the US Dollar.
There is a short-term breakout pattern forming with resistance near $5.15 on the 2-hours chart of the EOS/USD pair.
The pair may perhaps break the $5.00 support if it fails to move past the $5.15 and $5.45 resistances.
EOS price fell sharply and broke the $6.00 support against the US Dollar. EOS/USD is currently struggling to hold the $5.00 support and it remains at risk of more losses.

Thanks for interest! Have a good day!

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[hugeblack]

When you talk about technical analysis I would expect there to be charts and analysis of those charts. [SMA,Triangles, flags,MACD,...etc ]
I'm not interested in your altcoins but I would like to talk about [Bitcoin and Ether]

Bitcoin: I do not agree with you, and I do not expect that the price to go down in the short-term. We may have 6200 bottoms.
Ether: ETH's performance for the week was the worst, so I expected to further decline "less than 300$".

[AzatFinrazor]

When you talk about technical analysis I would expect there to be charts and analysis of those charts. [SMA,Triangles, flags,MACD,...etc ]
I'm not interested in your altcoins but I would like to talk about [Bitcoin and Ether]

Bitcoin: I do not agree with you, and I do not expect that the price to go down in the short-term. We may have 6200 bottoms.
Ether: ETH's performance for the week was the worst, so I expected to further decline "less than 300$".

Hey, hugeblack!

We appreciate you taking the time to write feedback. It really helps us out a ton!
We will make sure your suggestions are taken into account next time!
I will inform you when the next TA comes out.

Thanks for sharing your forecast, too. Difference of opinion helps others form theirs.

Hope you’re having a good day!

[MMnoob]

in my opinion all coins are dead and will come back to life at the end of the month, we'll see.