Bitcoin: USD/BTC (BTC=X) back above the $10,000 and $10,100 levels, with positive signs
Bitcoin Cash Price Analysis
BCH price corrected lower recently and tested the $305 support area against the US Dollar. Later, the price bounced back above the $310 and $315 levels. It seems like the price is about to break the $320 resistance and it could continue to rise towards the $325 and $340 levels.
On the downside, there is a strong support forming near the $305 level. As long as the price is above $305, there are high chances of more gains in the coming sessions.
Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis
Litecoin price remained well bid above the $72.00 and $70.00 support levels. LTC price is now trading above the $75.00 level and it seems like it could revisit the $80.00 resistance. Any further upsides will most likely push the price towards the $85.00 and $88.00 levels.
Tron price corrected lower and tested the $0.0165 support area. TRX price is back in a positive zone and is trading nicely above the $0.0170 level. It seems like the price may perhaps recover further and trade towards the $0.0180 and $0.0182 levels in the near term.
Stellar price surged higher this week above the $0.0700 resistance level. XLM price is now trading above $0.0750 and it may soon break the $0.0800 resistance level. If there are more gains, there are high chances of a run towards the $0.1000 resistance area.
Looking at the total cryptocurrency market cap 4-hours chart, there was a test of the key $245.0B support area. The market cap stayed above the $245.0B support area and recently bounced back. There was a sharp rise above the $255.0B and $260.0B resistance levels. However, the market cap is again struggling to clear the $265.0B resistance area. If there is an upside break above $265.0B, there could be a decent rally towards the $280.0B and $285.0B resistance levels. Overall, there could be more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX, ADA, XMR, and other altcoins in the coming sessions.
Overall, the bias in prices is: Sideways.
The projected upper bound is: 11,054.51.
The projected lower bound is: 9,312.57.
The projected closing price is: 10,183.54.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 69.5168. This is not an overbought or oversold reading. The last signal was a buy 9 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 47.83. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 85 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -25. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.
Rex Takasugi – TD Profile
FOREX BTC= closed down -97.000 at 10,188.000. Volume was 71% below average (consolidating) and Bollinger Bands were 69% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 10,262.59 10,487.65 8,160.30
Volatility: 24 52 78
Volume: 70,378 82,347 82,950
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FOREX BTC= is currently 24.8% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of BTC= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BTC= and have had this outlook for the last 5 periods.