- BTC / USD can not gain traction and can provide assistance to Ethereum.
- ETH / USD is just a few hundredths away from beating SMA200 and conquering clean ground.
- XRP / USD relaxes and is in danger of enjoying its technical advantage too much.
As if time had stopped, the main protagonists of the Crypto board are today in the same price ranges in which they have been confined for several days or, as in the case of Bitcoin, weeks.
Volatility continues to plummet and has reached levels not seen since the beginning of 2017. This can take a long time. If we look at the long-term volatility indicators, we can see how the great increase in volatility at the start of 2018 is still regulated.
Without a catalyst that gives a motive and direction to the Crypto market, it can be quite complicated to start high price movements in the short term.
BTC / USD 240 min
The BTC / USD is currently trading at $ 6.553 price level and continues to be locked in moving averages closer and closer. At the current rate, the BTC / USD will run out of space by the end of the week and perhaps at that point the volatility necessary to restart this market will appear again.
Below the current price, the first level of support for the BTC / USD is $ 6.528 where is SMA100. Losing this level would be a sign of short-term weakness and could quickly bring the price of Bitcoin to the next level of support a $ 6,400. In the current scenario, the BTC / USD could reach a third level of support a $ 6,200 and nothing would change in the medium term. On the other hand, losing this last level of support would make it very difficult to see price increases for a long time.
Above the current price, the BTC / USD faces three obstacles in a very narrow price range. At the price level of $ 6.564 (EMA50), at $ 6,568 (resistance to price congestion) and a $ 6.608 (SMA200). There is a lot at stake for the bullish side of the price in a very narrow range.
Above this confluence of resistance, the path to Bitcoin would become much easier, with a clear goal $ 6,760.
The 240-Min MACD shows a very horizontal profile but with some difference compared to Bitcoin. In the case of Ethereum, we see how the averages have crossed, increasing the chances of a crossing to the top.
The 240-Min DMI shows that bears are at levels above the bulls even if for very little. Both reduce positions but remain above an ADX that has not reacted to yesterday's bearish movements.
XRP / USD 240 min
The history of XRP / USD is different. He did his job and got rid of the socks in motion. It copies the market situation and moves in the last hours in a rather narrow range. However, especially on the bullish side, the situation is much simpler than that of its peers. Ripple is currently trading at $ 0.563 Price level.
Below the current price, the first support is a $ 0.55 (support for price congestion), a level that would be strengthened by the presence of EMA50 a $ 0.538. The next bearish target is $ 0.505 (support for price congestion) as a step before the last level of support within the current scenario around $ 0.465.
Above the current price, the XRP / USD does not have moving averages, so the levels of resistance to price congestion are now a point of reference. The first resistance is at the price level of $ 0.584, then $ 0.60 is $ 0.632.
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