BITCOIN / U.S. DOLLAR
Price Analysis
Bitcoin finally breaks out and crosses above the upper Bollinger Band. The bulls positively closed the price just below the $12325 mark but above the upper Bollinger Band. Bitcoin made an amazing high of $12,490 and positively closed the price at $12,300 on Monday, 17th August 2020. They saved the price from falling slipping below the basis (middle line) of BB by making a low of $11,675 yesterday. As all, the twenty-day exponential MA, basis of Bollinger Bands, and the fifty-day MA go on sloping upwards giving bullish results, bulls need to maintain this momentum and increase some more strength to push the asset above $12325 level soon. Traders and investors are ready to avail in more profits.
Key points to mark:
Immediate resistance that BTC faces: $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: $11,597 (basis of BB) + $11,457 (20 EMA). If the price falls below these levels, it will test $11000 + $10942 (lower BB), followed by $10500 and $10289 (50 MA) support levels.
Indicators
MACD goes on reducing its acceleration a lot. The MACD line has slightly sloped up touching the signal line but below it, both above the 0 level in positive values. RSI has sloped up exactly at the overbought mark with the commanding bulls.
ETHEREUM / U.S. DOLLAR
Price Analysis
Ethereum after beating the $380 - $410 resistance zone is now consolidating near the $437 resistance mark. Bulls need more strength to push the price above this mark. The bulls tried to take the asset above the Bollinger Bands making a high of $448 and closing the price just below the $437 resistance level at $431.6 on Monday, 17th August 2020. The bulls did not allow Ether to slip below a low of $421 yesterday. The indicators including lower Bollinger Band and both MAs are nicely sloping up. Traders and investors who smartly invested in the Ethereum project, are eagerly waiting to witness further higher levels above the Bollinger Bands area.
Key points to mark:
Immediate resistance that ETH faces: $437 + $454 (upper BB). If bulls can take the price above these levels, ETH will test $458 level before rallying to the $470 - $485 zone, followed by $515 upper resistance level.
Immediate support that ETH faces: $410. If bears push ETH below it, it will test $391 (basis of BB) + $387 (20 EMA), followed by $380 and $365 support.
Indicators
MACD reduces its acceleration to almost nil and the MACD line has overlapped above the signal line, above the 0 level. RSI is slightly sloping down in the overbought zone at 72 with demanding bulls.
RIPPLE / U.S. DOLLAR
Price Analysis
Ripple has made a higher high by exactly touching the upper Bollinger Band after crossing above the $0.309 and the $0.318 resistance levels. The bulls closed the price just below the $0.318 mark in the upper half of the Bollinger Bands section. The bulls took the altcoin further above trying to break out above the Bollinger Bands making a high exactly at the upper one at $0.327 and closing it at $0.316 on Monday, 17th August 2020. Bulls did not let the asset slip below a low of $0.297 yesterday. The bulls won the battle by taking Ripple to the upside. Traders and investors have their profit bags growing even bigger now.
Key points to mark:
Immediate resistance that XRP faces: $0.318 + $0.327 (upper BB). If bulls push XRP above these levels, $0.346 will be tested, followed by $0.362 before rallying up to $0.408 level.
Immediate support that XRP faces: $0.309. If bears push XRP below this level, it will test the $0.289 (basis of BB) + $0.283 (20 EMA) before testing $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 shot above the upper Bollinger Bands breaking the long-awaited $64 resistance level. The bulls are battling really strong by continuously making higher and higher highs. The bulls increased their strength and escalated Litecoin upwards to make an awesome high of $68.9 and closed the price positively above the Bollinger Bands at $67 on Monday, 17th August 2020. Bulls picked up the dip from just above the $60.5 level and did not let the altcoin sink below a low of $61.5 yesterday. Traders and investors are super benefitted by this upward momentum taking place. The bulls have increased the utmost strength to take the price towards $72 resistance and now needs to maintain this for further bullish results.
Key points to mark:
Immediate resistance that LTC faces: $72. If bulls can take the price above this level, LTC will test $76, followed by $80 and $83 at the higher resistance levels.
Immediate support that LTC faces: $64. If bears take over and push the price below it, LTC will test $60.5 support, followed by $58 (basis of BB) + $52 (lower BB) before declining to $49 (50 MA) support level.
Indicators
MACD has increased its acceleration pretty much. The MACD line is sloping up after crossing above the signal line, both above 0 level. RSI has entered the overbought zones sloping up at 71.6 indicating bulls have increased a lot of strength.
BITCOIN CASH / U.S. DOLLAR
Price Analysis
Bitcoin Cash tried crossing above the upper half of Bollinger Bands and bulls positively closed the price exactly touching it. The bulls shot the cryptocurrency all the way up to almost touching $330 and making a high at $325.5 and positively closing at $317 on Monday, 17th August 2020. The bulls saved the cryptocurrency from slipping below a low of $301.6 yesterday. Traders and investors are now taking the bullish advantage wait for the bulls to escalate further above $330. The twenty-day EMA along with the basis (middle line) of Bollinger Bands and the fifty-day MA still go on sloping up.
Key points to mark:
Immediate resistance that BCH faces: $330. If bulls can take BCH above it, it will first face resistance at $353, followed by $378 before rallying towards the $410 resistance level.
Immediate support that BCH faces: $298 (basis of BB) + $292 (20 EMA), followed by $280. If bears push BCH below these levels, it will test $260 (50 MA), before declining to $246 support level.
Indicators
MACD has reduced its deceleration a lot. The MACD line is sloping up touching the signal line, above the 0 level. RSI has sloped up at 64 level indicating bulls have the upper hand.
