Signs of upward movement with Constantinople at the horizon

• ETH / BTC seems willing to conduct a new upside segment.
• Ripple is not clear on the intrinsic value of XRP.
• BTC / USD remains above $ 4000 and could break higher.

The day begins in Europe with green screens, in the wake of some upward moves that were seen at the end of the American session, as I explained in my article yesterday.

Yesterday, ETH / BTC reached the first level of support and showed a high probability of resuming the bullish momentum. The technical objective of this new upward momentum is the price level of 0.0525 Bitcoin for Ethereum.

Turning to other problems, Ripple announced yesterday that it had reached 200 customers for its X-Rapid transfer service. Brad Garlinghouse, CEO of Ripple, was confident that much of the financial sector would soon implement its technology. The capital transfer market is currently dominated by SWIFT, based in Belgium, which controls a two trillion dollar market.

For months I have increased the need for a clear definition of the role of the XRP token in the parent company's strategy. For now, its main utility has been to provide funding to Ripple, so if it does not change its specific service, it should be considered as equity and acquire property rights over the company. In no case would it be acceptable that after being a vehicle to raise capital to finance the company's expansion, XRP does not take advantage of this.

If the company comments on the matter, the value of XRP could shoot towards the Moon at least.

Do you want to know more about my technical configuration?

Daily chart BTC / USD

BTC / USD is currently trading at $ 4.018 price level, from $ 4.110 yesterday in a second attempt to beat the resistance represented by the EMA50 al $ 4.134 Price level.

Beyond the current price and beyond the EMA50, the first resistance level is a $ 4,400 (resistance to price congestion). The second level of resistance is a $ 4.900 (resistance to price congestion). The third level of resistance is a $ 5,070 (SMA100), entering a complex and strategically critical area that extends beyond the $ 6,000 level.

Below the current price, the first level of support is a $ 3.920 (support for price congestion). The second level of support is a $ 3,600 (support for price congestion). Below this price level, the bullish momentum would be revealed and a scenario of new relative lows would gain power. The third level of support is a $ 3,270 (support for price congestion).

The MACD in the daily range has increased the gap between the lines yesterday, which is positive for the price. The slope continues to be positive and the lines go a little further in the bullish zone of the indicator.

The DMI in the daily range shows us how the bears began to lose confidence and start a downward movement. The bulls, on the other hand, maintain the bullish level of the previous days, which indicates that they do not have much short-term confidence.

Daily ETH / USD chart

ETH / USD is currently trading at $ 153 price level, slightly below the $ 155 resistance level.

Above the current price, ETH / USD has its first resistance level a $ 155, a level that is critical only if Ethereum exceeds the next resistance level of $ 163 (SMA100). In this case, the ETH / USD would be supported by two major moving averages to handle a resistance battery $ 170 (resistance to price congestion), $ 180 (resistance to price congestion), $ 190 (resistance to price congestion) e $ 200 (resistance to price congestion and long-term bear channel arrest).

Below the current price, the first level of support for ETH / USD is $ 142 (support for price congestion and EMA50). The second level of support is a $ 125 (support for price congestion). The third level of support is a $ 109 (support for price congestion).

The MACD in the daily interval shows a profile of exhaustion. The first excursions of an hour are improving the line profile.

The DMI in the daily interval shows that the bulls are slightly improving their positions while the bears withdraw a little and do not believe that the time has come for the decline.

Daily XRP / USD chart

XRP / USD is currently trading at $ 0.371 Price level. As I mentioned in the article, the good news from the parent company was not enough to increase the price of XRP.

Above the current price, the first resistance level is close to the current price a $ 0.375 (EMA50). Above this resistance, there is a direct leap to the second resistance level a $ 0.412 (resistance to price congestion and SMA100). The third level of resistance is a series of obstacles very close to each other $ 0.42 (SMA200), at $ 0.428 (resistance to price congestion) e $ 0.444 (resistance to price congestion and ceiling of the long-term downtrend channel).

Below the current price, the first level of support for the XRP / USD pair is at the price level of $ 0.369 (support for price congestion). The second level of support is $ 0.345 (support for price congestion). The third level of support is $ 0.32 (support for price congestion).

The MACD in the daily interval shows a flat profile and moves slightly above levels 0. The data is neutral.

The DMI in the daily range shows us how the bulls do not exceed an ADX line that pushes them lower and lower. The bulls remain at levels similar to those of the last days. This profile is slightly negative for the XRP / USD.

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