- BTC / USD keeps waiting for events to give a clear indication of the price.
- ETH / USD continues to deteriorate technically and is entering key days for the medium term.
- The XRP / USD remains flat as sales positions increase.
We notice a strange atmosphere at the European opening for the main players on the Crypto board. While Bitcoin is still at the height of its current movement, both Ethereum and Ripple are weakening and show a disturbing technical aspect.
The technical moment of the Eth / USD stands out above all, with the sellers who completely check the weekly and daily charts.
A chart explains the story and proposes the future based on a gift.
Weekly chart ETH / USD
The 240-min MACD is shown reduced, even if directly on the line of 0. This indicates that any option is possible even if the falls are the ones that hold the greatest potential. A strong upward movement could save the situation in the medium term, but should it happen, it should not take much time, or it could
The DMI at 240_min shows buyers control of the situation while buyers withdraw and already move below level 20 indicating the existence of a trend force. The ADX, on the other hand, moves down and detects the lack of strength trendy.
BTC / USD 240-Min
Bitcoin continues to negotiate in a strict r ange from $ 7,200 as a support line to $ 7,311 at closing as resistance. The most remarkable thing is how the stay in this price range is dragging the moving averages over the trend line, a structure that will be very positive in the next sessions. The process is slow and so far only the EMA50 has beaten the trend, but SMA100 can do it this week.
Over the current price, the first target in the key resistance to the price level of $ 7,400 (resistance to price congestion), followed by the price level $ 7,600 (resistance to price congestion) and finally $ 7,730 (resistance to price congestion).
Under the current price, the first support is at $ 7,100 (support for price congestion), followed by $ 7,062 (EMA50) and finally the key price level of $ 7,000 (bullish trend line).
The 240-Min MACD is crossed down with very little inclination Its profile is almost horizontal and this informs us of the lack of downward force. Both upwards (terminal) and downwards (correc movements can occur at any time.
The 240 min DMI shows us some buyers who are losing strength but still have control while sellers do not they react and are still at low levels.
XRP / USD 240-Min
The XRP / USD at 240 min also shows a weakened structure and a tendency to fall in prices.In this case, Ripple has already lost the support of moving averages and is now at the mercy of support lines that determine price congestion.
The XRP / USD is currently trading at the level of $ 0.333 . of the current price, the first resistance is between the price level of $ 0.334 and $ 0.336 (EMA50 and SMA100) Second resistance to price level of $ 0.342 (SMA200) and third resistance to the price level of $ 0.345 (Congestion resistance).
Under the current price, the first support at the price level of $ 0.32 (support for price congestion). The second support line is at $ 0.27 (support for price congestion) and the third support is expected to $ 0.258 (minimum relative to August 14).
The 240-Min MACD shows an almost total horizontality and is only slightly negative and opens the door to possible short-term falls.
The DMI at 240-Min shows us sellers with control of the situation, but with little advantage over some buyers who are diminishing over time. The ADX collapses and is at a level not seen in months, a bearish scenario with possible increase in volatility.
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