[PRICE ANALYSIS] JULY 15: BTC/USD, ETH/USD, XRP/USD, LTC/USD, BCH/USD

Key points to mark:

• Immediate resistance BTC faces - $9400 (50 MA + upper BB).

• Major resistance - $10,000

• Immediate support BTC faces - $9200, followed by the ascending triangle trend line - $9100.

• If bears push BTC below its lower BB support - $9005, Bitcoin may witness a downfall to $8100 level.

Indicators

MACD has a reduced acceleration. Both the MACD line and the signal line are still in negative momentum with the MACD line slightly sloping down to touch the signal line. If it crosses below the signal line, we can expect a bearish session to take place. RSI has also fallen below the midpoint with bearish divergence at 47.5 level.

ETHEREUM / U.S. DOLLAR

Price Analysis

Ethereum is consolidating between the $245 resistance and its twenty-day exponential MA for almost a week now. The bears are not allowing the price to break out above this resistance level as seen in the price chart below. However, the bulls are equally fighting back by not letting the price slip down from Ether's gradually upsloping 20-day EMA along with its fifty-day moving average (MA). Ethereum has been trading in the spread between the $216 support and the $253 resistance since 29th May 2020. If bulls can successfully increase more momentum and push the price above the upper range, traders and investors will witness higher price levels.

Key points to mark:

• Immediate resistance ETH faces - $245, followed by - $250 (upper BB).

• Major resistance - $253. If bulls push ETH above this level, it will face next resistance at - $266 and then $278.

• Immediate support ETH faces - $237 (20 EMA), followed by $235 (50 MA).

• If bears push ETH below the basis of BB ($234), we can expect a decline to the lower BB at $219 before retesting the $216 support level.

Indicators

MACD has reduced its acceleration a lot, but both the MACD line and the signal line are moving with positive momentum above the 0 level. The MACD line is slightly sloping down almost touching the signal line. If it crosses below the signal line, a small price decline might be possible. RSI seems to flatten but remain above the midpoint at 53.

RIPPLE / U.S. DOLLAR

Price Analysis

Ripple remains to trade in the upper half region of the Bollinger Bands. The Bears seem to mount themselves at higher price levels as Ripple failed to maintain its price increase on 13th of July. But bulls have acted strongly on the fifty-day moving average not letting the price slip below it. Ripple made a high of $0.199 and closed the price at $0.197 on Wednesday, 15th July 2020. Bulls did not let the price fall below the low of $0.196 yesterday. We can see in the one-day price chart below that the fifty-day MA has flattened and the twenty-day EMA is sloping upwards merging with the 50-day MA line.

Key points to mark:

• Immediate minor resistance can be seen at - $0.207 level. If bulls push XRP above the upper BB ($0.210), XRP will test $0.215 resistance before rallying towards $0.235 level.

• Immediate support XRP faces - $0.192 (50 MA + 20 EMA). If bears push XRP below this level, it will test the downtrend line at $0.188 and the basis of BB at $0.187. Below these levels, XRP will decline to the lower BB at $0.164 support.

Indicators

MACD has a reduced acceleration but both the MACD line and the signal line are moving with great positive momentum above the 0 level, indicating that the command of the bulls is strong enough. RSI is above the midpoint slightly sloping down at 56 level.

LITECOIN / U.S. DOLLAR

Price Analysis

Litecoin is not able to recover above its fifty days moving average since 2 days now. The bulls tried their best to push the price above it but failed and LTC made a high exactly at it at $44, closing the price at $43.4 on Wednesday, 15th July 2020. The bulls bought the dip from the basis (middle line) of Bollinger Bands making a low at $42.9 yesterday. If bulls fail to maintain their strength, Litecoin might slip down to the lower half region of the Bollinger Bands soon.

Key points to mark:

• Immediate resistance LTC faces - $44 (50 MA), followed by the $45 resistance level.

• If bulls push LTC above the upper BB ($46), we can expect the price to rally towards $51 resistance.

• Immediate support LTC faces - $42.9 (basis of BB). If bears push the price into the lower BB region, it will test $40 (lower BB) and retest the $39 support level.

Indicators

MACD continues to decrease its acceleration with time and the MACD line is steadily moving parallel to the 0 level in positive momentum. The signal line is sloping up towards positive values and just touched the 0 level. RSI has fallen below the midpoint with a slight bearish divergence at 49.

BITCOIN CASH / U.S. DOLLAR

Price Analysis

Bitcoin Cash failed to sustain its price above its twenty days exponential MA and fell below the basis (middle line) of Bollinger Bands. BCH made a high of $230.6 and closed the price at $227.5 on Wednesday, 15th July 2020. The bulls did not let the price fall below the low of $225.7 yesterday. The bears are acting strongly and trying to take Bitcoin Cash to lower levels. If bulls do not induce some positive momentum soon, we can expect the asset to decline to the downside.

Key points to mark:

• Immediate resistance BCH faces - $229.6 (basis of BB), followed by $232.7 (20 EMA).

• If bulls can push the price above $237.7 (50 MA), BCH will test $245.5 (upper BB).

• If bears push the price further below into the lower BB region, BCH will retest the $217 support level, followed by the lower BB support at $213.8 level.

Indicators

MACD has reduced its acceleration a lot with the MACD line entering negative momentum sloping down touching the signal line below the 0 level. RSI is also pointing down to 44.5 level indicating that bears are taking over with time.