Storms at the horizon, the market must choose

• The market could see significant increases in volatility.

• The BTC / USD reaches the key levels and will decide if the falls have come to an end.

• The XRP / USD is late and may be affected if sales increase.

It rises in Europe this Friday with the price falling among the main actors of the board of directors of Crypto. At the start of the Asian session, the BTC / USD was still green but is rapidly losing momentum.

In the last hours, Bitcoin has taken advantage of its rivals thanks to a short-term technical structure that has proved to be very favorable.

But on the daily chart, the situation is different. We have reached a crucial moment, with the indicators in a bullish situation that will almost certainly be rejected in this first attempt. It will be an excellent opportunity to see the level of intensity of bears and bulls.

In this one-day interval, the BTC / USD is at a more advanced stage of development than the ETH / USD, which is also more advanced than the XRP / USD.

This scenario has a derivative that could lead to new annual lows. If it occurs, it should be short-lived but with a high-intensity terminal movement.

Do you want to know more about my technical configuration?

Daily chart BTC / USD

The BTC / USD in the daily range leaves us a Doji in yesterday's session which opens the door to a relatively strong downward retracement. If you end up bringing the figure back to the goal, it's under the $ 4,000 price level once again.

The answer will arrive between the weekend and the first days of next week.

The BTC / USD is currently trading at $ 4.154 after two failed attempts to violate the $ 4,400 level.

Below the current price, the first support is a $ 3.924 (support for price congestion). This is the level to watch. A lower closing will bring the BTC / USD to new annual lows that could shake the market. The second level of support is $ 3,466 (relative minimum). The third level of support is a $ 3,290 (support for price congestion).

Above the current price, the first resistance is a $ 4,400 (resistance to price congestion). The BTC / USD has stopped at this price level in the last two days. A higher closing would serve as a confident acoustic signal. The second level of resistance is a $ 4.950 (resistance to price congestion). The third level of resistance is a $ 5.350, a level in which the EMA50 converges, a resistance to price congestion and the basis of a long-term downtrend channel). A challenging level to overcome.

The MACD in the daily interval shows us how fast average is going to cross the bullish signal line. The statistics play against it, and the strange thing would be that the crossing would take place without a bearish refusal.

The DMI in the daily range shows us how the Bull reacted strongly to the last upward move. At the same time, the Bears no longer seem to rely on much lower price levels and reduce their positions.

Neither side of the market has clear ideas about where the Crypto market will go in the coming days.

Daily XRP / USD chart

The XRP / USD is currently trading at $ 0.377 Price level. For the XRP / USD, the loss of the $ 0.40 the level has often felt bad. After a week of being the confident leader, he had a lot of trouble keeping up with Bitcoin.

Technically it is in a less developed stage of the scenario, and if you do not get a last minute bullish move, the XRP / USD will suffer a lot if the market moves actively.

Below the current price, the first support is a $ 0.369 (support for price congestion). The second level of support is a $ 0.346 (support for price congestion). The XRP / USD should not lose this level at the end of the session, because it would return it to the August lows area and new lows may be displayed. The third level of support, already around the minimum, is $ 0.320 (support for price congestion).

Above the current price, the first resistance is a $ 0.406 (weekly maximum). The second resistance is a $ 0.414 (resistance to price congestion). If the XRP / USD reaches a close above the $ 0.40 level, it would probably receive significant bullish momentum. The third level of resistance is a $ 0.429 (SMA100 and resistance to price congestion).

The MACD in the daily range shows a bearish profile and is still far from a possible change in direction. If the market moves lower, the XRP / USD will be much stronger than the BTC / USD.

The DMI in the daily range shows how the Bulls relied on the recent rally and reacted to the rally. On the other hand, the Bears lose strength and move slightly below the ADX line, a model before a change in price direction over the medium term.

Daily ETH / USD chart

ETH / USD is currently trading at the price level of $ 117.44. In the last two days, he tried to break above the $ 120 level without success. Today it is downgrading following the general trend of the market.

Below the current price, the first support is al $ 100 price level (relative minimum). If the ETH / USD loses this level, the decline can be very intense. The second level of support is a $ 95 (support for price congestion). The third level of support is a $ l & # 39; 80 (support for price congestion).

Above the current price, the first resistance is al $ 120 level (resistance to price congestion). Above this level, ETH / USD is presented with ample free space up to $ 155 level (resistance to price congestion). From this level, another big jump towards the $ 172 price level (EMA50 and resistance to price congestion).

The MACD in the daily range shows a profile before a bullish cross. The resolution will depend a lot on what the BTC / USD will do in the next few hours.

The DMI in the daily range follows the general tone and shows the Bulls reacting upward as the Bears withdraw and move clearly below the ADX line. A recurring pattern of the ADX line can support a downward movement).

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