BITCOIN / U.S. DOLLAR
Price Analysis
Bitcoin tries to reach $12,000 yet again but is held back by the bears. But bulls go on confirming that they aren't ready to give up anytime soon as the asset continues to trade in the upper half region of the Bollinger Bands. Bitcoin made a high of $11,869 and positively closing the price above the $11.5K mark at $11,761 on Friday, 14th August 2020. They saved the price from falling below a low of $11,650 yesterday. As both, the twenty-day exponential MA, and the basis (middle) line of Bollinger Bands go on sloping upwards with bullish results, bulls seem to increase their strength little by little. Traders and investors are ready and patiently waiting for the bulls to increase more magnitude to escalate higher soon.
Key points to mark:
Immediate resistance that BTC faces: $12280.9 (upper BB) + $12325. If bulls take the price above these levels, it will test $13174 and $13764 resistance before rising to $14,580 level.
Immediate support that BTC faces: $11,500. If the price falls below this level, it will test $11385 (basis of BB) followed by $11250.8 (20 EMA) and $11000 + $10500. If bears take over and push BTC below the $10000 (50 MA), it will go down to test lower support levels.
Indicators
MACD goes on reducing its acceleration. The MACD line has begun moving parallel to the signal line but below it, both above the 0 level in positive values. RSI has very slightly sloped down to 63 with the commanding bulls.
ETHEREUM / U.S. DOLLAR
Price Analysis
According to the 'key points to mark' of our preceding PA, Ethereum not only broke above and beat the $380 - $410 resistance, but it also crossed the $437 resistance mark touching the upper Bollinger Band. This whopping escalation of Ethereum has come up with fresh hopes. The bulls strongly pushed the price breaking all the way through a number of its overhead resistances, making a huge high of exactly $444 and closing the price positively and slightly above the $437 resistance level at $438 on Friday, 14th August 2020. The bulls did not allow Ether to slip below the low of $418.5 yesterday. We can see a beautiful uptrend as the indicators including Bollinger Bands and both MAs are nicely sloping up. Traders and investors who smartly invested in the Ethereum project, are heavily making a kill as the prices shot up so high.
Key points to mark:
Immediate resistance that ETH faces: $444 (upper BB) + $458. If bulls can take the price above these levels, ETH will rise to $470 - $485 zone before rallying to $515 upper resistance level.
Immediate support that ETH faces: $437. If bears push ETH below it, it will test the $410 level and $380 support.
Indicators
MACD is back to accelerating again and the MACD line has also crossed above the signal line, sloping up above the 0 level. RSI has entered the overbought zone again at 75.6 with demanding bulls.
RIPPLE / U.S. DOLLAR
Price Analysis
Ripple has made a higher high after crossing above the $0.285 level. It is trading between the $0.285 and $0.309 resistance levels in the upper half of the Bollinger Bands section. The bulls took the altcoin further above its previous day's high almost trying to cross another resistance level of $0.309, making a high just below it at $0.307 and closing it at $0.300 on Friday, 14th August 2020. Bulls did not let the asset slip below the $0.285 mark making a low just above it at $0.290 yesterday. The bulls fought back pretty hard with the bears and won the battle. Traders and investors have their profit bags growing bigger.
Key points to mark:
Immediate resistance that XRP faces: $0.309. If bulls push XRP above it, $0.318 will be tested, followed by $0.334 (upper BB). Further above it will go to test $0.346 resistance, followed by $0.362 before rallying up to $0.408 level.
Immediate support that XRP faces: $0.285. If bears push XRP below this level, it will test the $0.277 (basis of BB) + $0.271 support level.
Indicators
MACD has reduced its deceleration with the MACD line moving below and parallel to the signal line, above the 0 level. RSI seems to slope up at $69 almost entering the overbought region, indicating that bulls are all growing stronger.
LITECOIN / U.S. DOLLAR
Price Analysis
Litecoin has entered back into the upper half region of the Bollinger Bands. The asset is trading above the basis (middle line) of Bollinger Bands. The bulls increased their strength and took Litecoin upwards to make a high of $57.9 and closed the price positively and exactly at the basis of BB at $56.6 on Friday, 14th August 2020. Bulls picked up the dip from just above the twenty-day exponential MA level and did not let the altcoin sink below a low of $55.9 yesterday. Traders and investors are super excited for the upward momentum that is taking place back again. The bulls have increased more strength to take the price back into the upper half of BB giving further bullish signals.
Key points to mark:
Immediate resistance that LTC faces: $59 + $60.5. If bulls take the price above these levels, it will test $62 (upper BB), followed by $64 resistance before rallying towards $76 + $80 at the higher levels.
Immediate support that LTC faces: $56.6 (basis of BB) + $55 (20 EMA). If bears take over and push the price below these levels, LTC will test $51 support, followed by $48.6 (50 MA) + $46 before declining to $39 support level.
Indicators
MACD maintains its reduced deceleration. The MACD line is sloping down below the signal line, also parallel to it, above the 0 level. RSI is slightly sloping down at 56 indicating bulls are still in command.
BITCOIN CASH / U.S. DOLLAR
Price Analysis
Bitcoin Cash has entered back inside the upper half of Bollinger Bands as bulls positively closed the price above the basis (middle line) of Bollinger Bands. The bulls saved the price from slipping below the twenty-day exponential MA and made a high going above the basis of BB at $298 and positively closed above it at $292.9 on Friday, 14th August 2020. The bulls saved the cryptocurrency from slipping below the 20 EMA making a low of $287.6 yesterday. Traders and investors continue taking advantage of the lower dips and wait for the bulls to escalate further above. The twenty-day EMA along with the basis line and lower Bollinger Band go on sloping up.
Key points to mark:
Immediate resistance that BCH faces: $322 (upper BB) + $330. If bulls can take BCH above these levels, it will first face resistance at $353, followed by $378 before rallying towards the $410 resistance level.
Immediate support that BCH faces: $292 (basis of BB) + $286 (20 EMA), followed by $262.7 (lower BB). If bears push BCH below these levels, it will test $255 (50 MA), before declining to $246 support level.
Indicators
MACD has increased its deceleration. The MACD line is parallelly sloping down below the signal line, above the 0 level. RSI is very slightly sloping down at 55.7 level indicating bulls still have the upper hand.
