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Technical Analysis – BTCUSD extends gains; positive bias in play

Posted on March 27, 2019 at 1:57 pm GMT

BTCUSD is approaching again the two-month high of 4032, exiting from the Ichimoku cloud. According to the stochastic some weakness could emerge as it seems to be overbought, however, the RSI indicator is still sloping upwards approaching the 70 level in the 4-hour chart. Should the price extend higher and successfully surpass 4032, it could find immediate resistance at the 4085 barrier, taken from the peak on January 8. Also, an advance above this region would increase speculation that a bullish move is in progress [..]

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Technical Analysis – BTCUSD holds above uptrend line; bullish in near term

Posted on March 18, 2019 at 2:38 pm GMT

BTCUSD is currently developing below the two-month high of 3994.20 and back near the flat red Tenkan-sen line.  According to the momentum indicators some weakness could emerge as both the RSI and the Stochastics are losing steam after a peak in the overbought territory. Should the price extend higher, it could find immediate resistance at the 3994.20 level before touching the 4085 barrier, taken from the peak on January 8. Also, an advance above this region would increase speculation that a bullish move is in progress towards 4210, where [..]

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Technical Analysis – ETHUSD rebounds to challenge 23.6% Fibonacci region

Posted on March 6, 2019 at 1:16 pm GMT

ETHUSD has been moving below the 23.6% Fibonacci retracement level of the upleg from 99.00 to 148.15, around 136.40 after hitting the 138.65 resistance level. In addition, the price holds above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while the RSI indicator stands flat in the positive area and the MACD is gaining momentum above the zero line. Resistance could occur around the 23.6% Fibonacci and the 138.65 barrier. A break above this area could increase the bullish [..]

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Technical Analysis – BTCUSD hovers inside Ichimoku cloud; immediate resistance 20-SMA

Posted on February 27, 2019 at 1:07 pm GMT

BTCUSD is currently hovering within the Ichimoku cloud and is approaching the 20-simple moving average (SMA) in the 4-hour chart after it posted a bearish crossover with the 40-SMA in the past sessions. The RSI indicator is holding slightly below the 50 level, while the stochastic oscillator is approaching the overbought zone with strong momentum. Should the price extend higher, it could find immediate resistance at the 3840 level, which currently coincides with the 40-SMA. Also, an advance above this region would increase speculation [..]

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Technical Analysis – BTCUSD moves into the cloud but faces strong resistance at 4,000

Posted on February 21, 2019 at 11:43 am GMT

BTCUSD registered three consecutive winning days this week to overcome its 20- and 50-day moving averages (MA) and enter the Ichimoku cloud. But the bulls seem to be running out of fuel according to the Stochastics which are set for a bearish cross above the 80 overbought mark. The RSI confirms this view, as the indicator looks to be losing steam slightly below its own 70 overbought level. A reversal to the downside could see a retest of the bottom [..]

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Technical Analysis – ETHUSD extends gains around 5-month high; turns bearish bias to bullish

Posted on February 19, 2019 at 12:39 pm GMT

ETHUSD has performed an extremely bullish action after the bullish gap in the previous day, sending prices towards a fresh five-month high of 148.15 earlier today. The RSI indicator is developing well above the 70 level in the overbought zone, while the MACD oscillator crossed above both the trigger and zero lines in the 4-hour chart. Moreover, the price rise above the 20- and 40-simple moving averages (SMAs), is pointing to more gains. In case of a move higher, immediate resistance is coming from the 148.15 barrier, while a successful jump above [..]

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Technical Analysis – BTCUSD weakens after strong upside rally in short term

Posted on February 13, 2019 at 1:36 pm GMT

BTCUSD skyrocketed last Friday, jumping above the Ichimoku cloud and the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Currently, the price is moving sideways, and the technical indicators have turned lower. The RSI indicator is moving down in the positive zone while the stochastic oscillator is approaching the oversold territory. Should the price extend higher, it could find resistance at the 3644 level, before touching the latest high of 3690. Also, an advance above this region would increase speculation that a [..]

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Technical Analysis – ETHUSD loses momentum below SMAs in near term

Posted on February 7, 2019 at 2:10 pm GMT

ETHUSD is holding marginally below the moving averages in the 4-hour chart, while according to the technical indicators the market seems to be neutral to negative. The RSI is sloping down below the 50 level and the MACD oscillator is flattening above its trigger line but below the zero level. In case of a move lower, the price could challenge the seven-week low of 99.00. This area could be difficult for the bears to overcome initially, but if there is a closing session below it, the price could hit the 89.90 obstacle. [..]

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Technical Analysis – BTCUSD seems neutral to negative; Ichimoku confirms bearish view

Posted on January 31, 2019 at 2:31 pm GMT

BTCUSD holds slightly below the 20-and 40- simple moving averages (SMAs) in the 4-hour chart as well as below the Tenkan- and Kijun- sen lines, suggesting further negative pressures. The RSI indicator is flattening in the negative zone, while the stochastic oscillator is approaching the oversold zone with strong momentum. Should the price stretch south, immediate support is coming from the six-week low of 3390 barrier, taken from the bottom on Tuesday. A step lower could bring the bearish sentiment back [..]

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Technical Analysis – BTCUSD lacks direction as it stands within near term SMAs

Posted on January 23, 2019 at 2:32 pm GMT

BTCUSD continues to trade within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, indicating flat movement. The sideways action is also supported by the horizontal Tenkan-sen line. However, momentum signals seem to be slightly bullish as the blue Kijun sen line remains below price action and the light green Chikou span is ready for a bullish crossover with price. The RSI is trying to jump above 50 level, while the MACD oscillator holds above trigger line. Should the [..]

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