Home / Coin Payment / There's No Room For Failures In The Crypto Universe

There's No Room For Failures In The Crypto Universe

  • Yesterday's failed bullish attempt will have a significant cost on the price.
  • Technical indicators are weakening sharply.
  • Only the ETH / BTC continues to defend the bullish trend.

Yesterday we lived at the beginning of the American session. It was a bullish move along the crypto-board that failed in its attempt to cross the levels.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "ETH / BTC Daily Chart"data-reactid =" 16 ">ETH / BTC Daily Chart

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The ETH / BTC failed to consolidate above the 0.0347 level and return to the prolongation range of the bullish trend line. Ethereum sales that would benefit from the market as a whole, entering a new downtrend across the board. On the bullish side, a close above the 0.351 level would signal the start of another upbeat stretch in the overall market. "Data-reactid =" 17 "> The ETH / BTC failed to consolidate above the 0.0347 level and return to the prolongation range of the bullish trend line The price limit is at 0.032. A breach of this support would be strong and would be weaken the market as a whole, entering a new downtrend across the board. the bullish side, a close above the 0.351 level would signal the start of another upbeat stretch in the overall market.

eth_btc_13-636833188745739716.png "class =" JsEnabled_Op (0) JsEnabled_Bg (n) Trsdu (.42s) Bgr (nr) Bgz (cv) Maw (100%) "itemprop =" url "style =" background-image: url ( https://s.yimg.com/ny/api/res/1.2/o0QTFtwcANYQI8eh6HnUcA--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/https://cdn2.benzinga.com/files/u142941/eth_btc_13-636833188745739716.png.cf.jpg) ; "src =" https://s.yimg.com/g/images/spaceball.gif "data-reactid =" 22 "/><noscript data-reactid=eth_btc_13-636833188745739716.png "class =" Maw (100%) "src =" https://s.yimg.com/ny/api/res/1.2/o0QTFtwcANYQI8eh6HnUcA--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/https://cdn2. benzinga.com/files/u142941/eth_btc_13-636833188745739716.png.cf.jpg "itemprop =" url "/></noscript></div>
<div itemprop=

eth_btc_13-636833188745739716.png

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "According to the daily range indicators, the current situation may continue until the end of the next week. "data-reactid =" 38 ">

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "BTC / USD 240 Minute Chart"data-reactid =" 39 ">BTC / USD 240 Minute Chart

The BTC / USD 4-hour chart shows a narrowing of the price in the last few hours. This setup is not favorable because in recent months, these situations have led to sudden price falls.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The BTC / USD pair is currently trading at $ 3,572 price level, just below the $ 3,600 support level (congestion support). The second support level is at $ 3,470 (price congestion support), a price level that presents itself as the last barrier before Bitcoin enters the relative lows again. The first support level in this zone is $ 3,315 (price congestion support). "Data-reactid =" 41 "> The BTC / USD pair is currently trading at $ 3,572 price level, just below the $ 3,600 support level (congestion support). The second support level is at $ 3,470 (price congestion support), a price level that presents itself as the last barrier before Bitcoin enters the relative lows again.

Above the current price, the first resistance level is at $ 3,700 (EMA50 and price congestion resistance). The second resistance level is at $ 3,760 (SMA100 and SMA200), at midway point to the next level of price congestion resistance at $ 3,900.

btc_usd_60-636833189235743186.png "class =" JsEnabled_Op (0) JsEnabled_Bg (n) Trsdu (.42s) Bgr (nr) Bgz (cv) Maw (100%) "itemprop =" url "style =" background-image: url ( https://s.yimg.com/ny/api/res/1.2/QuW63_OVw1R0v7A6j.SWgg--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/https://cdn2.benzinga.com/files/u142941/btc_usd_60-636833189235743186.png.cf. jpg); "src =" https://s.yimg.com/g/images/spaceball.gif "data-reactid =" 47 "/><noscript data-reactid=btc_usd_60-636833189235743186.png "class =" Maw (100%) "src =" https://s.yimg.com/ny/api/res/1.2/QuW63_OVw1R0v7A6j.SWgg--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/https cdn2.benzinga.com/files/u142941/btc_usd_60-636833189235743186.png.cf.jpg "itemprop =" url "/></noscript></div>
<div itemprop=

btc_usd_60-636833189235743186.png

The MACD on the 4-hour chart seems to be going to be upside down, even if there is no spacing between them.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The 4-hour DMI chart clearly shows how the bulls failed yesterday and ended up retreating It is surprising that the bears have not seen their strength increased in the face of the bullish failure.
ETH / USD 240 Minute Chart"data-reactid =" 64 "> The 4-hour DMI chart clearly shows the bulls failed and ended up retreating It is surprising that the bears have not seen their strength increased in the face of the bullish failure. as well: Neither seems to have a definite future in the short term.
ETH / USD 240 Minute Chart

The ETH / USD pair shows a setup that looks like that of the BTC / USD. The most remarkable thing about the chart is the current situation of the EMA50 concerning the SMA200. The average length of 200 periods, which may be lower than the price in the short term but reinforce it for the medium term.

ETH / USD trades at the $ 119.5 price level, slightly below the first support level of $ 120 (price congestion support). The second support level is at $ 114 (price congestion support). The third level of support is at $ 110 (price congestion support).

Above the current price, the picture is quite complex. The first resistance level at $ 129 is an obstacle of maximum difficulty, since the EMA50 and the SMA200 converge at the same level, in addition to the $ 130 level at resistance for price congestion. The third resistance level is $ 140 (price congestion resistance).

The MACD on the 4-hour chart shows how it's bullish failure has flattened to the right side of the lines. This configuration conveys absolute doubt on both sides of the market.

The DMI on a 4-hour chart shows how the bulls also came out weakened from yesterday's bullish attempt. The bears, in this case, maintain the levels of yesterday and appear to have confidence in the upcoming falls in the ETH / USD pair.

1eth_usd_47-636833189582626887.png "class =" JsEnabled_Op (0) JsEnabled_Bg (n) Trsdu (.42s) Bgr (nr) Bgz (cv) Maw (100%) "itemprop =" url "style =" background-image: url ( https://s.yimg.com/ny/api/res/1.2/FOkZ4QvxOamLqCAUZ4wN1A--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/https://cdn1.benzinga.com/files/u142941/1eth_usd_47-636833189582626887.png.cf.jpg) ; "src =" https://s.yimg.com/g/images/spaceball.gif "data-reactid =" 78 "/><noscript data-reactid=1eth_usd_47-636833189582626887.png "class =" Maw (100%) "src =" https://s.yimg.com/ny/api/res/1.2/FOkZ4QvxOamLqCAUZ4wN1A--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/https://cdn1. benzinga.com/files/u142941/1eth_usd_47-636833189582626887.png.cf.jpg "itemprop =" url "/></noscript></div>
<div itemprop=

1eth_usd_47-636833189582626887.png

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "XRP / USD 240 Minute Chart"data-reactid =" 94 ">XRP / USD 240 Minute Chart

xrp_usd_49-636833189905604577.png "class =" JsEnabled_Op (0) JsEnabled_Bg (n) Trsdu (.42s) Bgr (nr) Bgz (cv) Maw (100%) "itemprop =" url "style =" background-image: url ( https://s.yimg.com/ny/api/res/1.2/16tovytnZ7i.GpKjb_pVtQ--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/https://cdn2.benzinga.com/files/u142941/xrp_usd_49-636833189905604577.png.cf. jpg); "src =" https://s.yimg.com/g/images/spaceball.gif "data-reactid =" 99 "/><noscript data-reactid=xrp_usd_49-636833189905604577.png "class =" Maw (100%) "src =" https://s.yimg.com/ny/api/res/1.2/16tovytnZ7i.GpKjb_pVtQ--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/https:// cdn2.benzinga.com/files/u142941/xrp_usd_49-636833189905604577.png.cf.jpg "itemprop =" url "/></noscript></div>
<div itemprop=

xrp_usd_49-636833189905604577.png

The XRP / USD is currently trading at the $ 0.324 price level, initiating a downward movement in the last few minutes. The failure of yesterday's bullish attempt is beginning to take its toll.

The first support level for XRP / USD is $ 0.32 (price congestion support). The second support level is at $ 0.308 (price congestion support). Finally, the third support level is at $ 0.295 (price congestion support).

Above the current price, the first resistance level is $ 0.334 (price congestion resistance). The second resistance level is at $ 0.337 (EMA50). A third resistance, in this case for price congestion, would be open to the critical resistance zone between $ 0.35 and $ 0.36, a level now traversed by the SMA200 and the SMA100.

The MACD on the 4-hour chart shows a very weak indicator with no clear direction or momentum.

The DMI on the 4-hour chart shows, after yesterday's failure, the bears take the same time that the Bulls lose it. The only positive thing is that the ADX is at low levels and the movement will be short.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "See more from Benzinga"data-reactid =" 120 ">See more from Benzinga

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved."data-reactid =" 125 ">© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Source link