BITCOIN / U.S. DOLLAR
Price Analysis
Bitcoin crossed above $12K after down by the bears but got purchased back above the $11.5K resistance line. Bulls did not let the price go to the downside by making a positive close. Bitcoin continues to trade in the upper half region of the Bollinger Bands making a high of $11,900 and positively closing the price above $11,500 at $11,580 on Monday, 10th August 2020. They saved the price from falling below a low of $11,326 yesterday. Bulls might try to sink the asset as a trend reversal again. The twenty-day exponential MA still goes on sloping in upwards direction giving bullish results.
![]()
Key points to mark:
Immediate resistance that BTC faces: $12325 + $12594.8 (upper BB). 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 $11000 + $11056.5 (20 EMA) and $10981 (basis of BB) + $10500. If bears take over and push BTC below the $10000 level, it will test $9368.8 (lower BB) support.
Indicators
MACD goes on reducing its acceleration. The MACD line is moving sideways and the signal line has gone very near to it, both almost parallel to the 0 level in positive values. RSI has very slightly sloped up at 70 with the commanding bulls.
![]()
ETHEREUM / U.S. DOLLAR
Price Analysis
Ethereum witnessed some price correction below $380 still in the upper half region of the Bollinger Bands. Bulls failed to take the asset above $410 but could make a high at $398 and closed just below the $380 line at $379 on Monday, 10th August 2020. The bears pushed Ether to a low of $362 yesterday. Traders and investors are alert for the asset's next price movement due to the lack of clarity in the battle between bulls and bears. Both the MAs are also sloping in an upward direction. Bulls did not give up yet and tried to save the cryptocurrency from declining. Even though short-term investors continue to settle for profits now, Ethereum will try touching higher levels again soon.
![]()
Key points to mark:
Immediate resistance that ETH faces: $410, followed by $438 (upper BB). If bulls can take the price above $437, ETH will rise to test $458 and $470 - $485 zone before rallying to $515 upper resistance level.
Immediate support that ETH faces: $380, followed by $365. If bears push ETH below these levels, it will test the $352 (20 EMA) + $348.5 (basis of BB) before going down to the $316 strong support. Below this, the price will face support at $288 and $278 levels.
Indicators
MACD has reduced its acceleration a lot, going to almost nil. The MACD line is also sloping down and has almost touched the signal line which is moving positively above the 0 level. RSI has flattened at 72.6 with demanding bulls.
![]()
RIPPLE / U.S. DOLLAR
Price Analysis
Ripple was not able to cross above $0.309 level and is still trading in the upper half of the Bollinger Bands section. The bulls tried their best to take the price above $0.309 making a high above it at exactly $0.310 and closing the price at $0.294 on Monday, 10th August 2020. Bears pushed the altcoin below the $0.285 level making a low of $0.277 yesterday. The price is still correcting itself. Bulls are trying hard to stay strong and not letting the cryptocurrency sink. They will again try to take the price above $309 level once the price is out from the overbought levels. Traders and investors continue to wait before taking the next move as there's still not much clarity among the bulls and bears.
![]()
Key points to mark:
Immediate resistance that XRP faces: $0.310 + $0.318, followed by $0.337 (upper BB). If bulls push XRP above these levels, 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 $0.271, followed by a $0.260 support level.
Indicators
MACD has reduced its acceleration a lot, almost nil. The MACD line is sloping down almost touching the signal line above 0 level. RSI seems to slightly slope up at $71.6 indicating that bulls are not ready to give up.
![]()
LITECOIN / U.S. DOLLAR
Price Analysis
Litecoin is trying hard to cross above the $60.5 level but is failing to do so and closed below it remaining in the upper half region of the Bollinger Bands. The bears tried to push the asset below its twenty-day exponential MA, but the bulls saved the price. It rose Litecoin upwards to make a high at $61 and closed positively at $57 on Monday, 10th August 2020. Bulls picked up the dip from just above the twenty-day EMA and did not let the cryptocurrency fall below a low of $54.5 yesterday. Traders and investors are not yet sure of the next move as the price still consolidates waiting for the upward momentum to take place again. The twenty-day exponential MA and
the basis (middle line) of Bollinger Bands are both still significantly sloping up parallelly.
![]()
Key points to mark:
Immediate resistance that LTC faces: $60.5. If bulls take the price above this level, it will test $64 resistance before rallying towards $76 + $80 at the higher levels.
Immediate support that LTC faces: $54.8 (20 EMA). If bears take over and push the price below $51, LTC will test $47.6 (50 MA) + $46 before declining to $39 support level.
Indicators
MACD has increased its deceleration. The MACD line has crossed below the signal line above 0 level. RSI is slightly sloping up at 62 indicating bulls are still in command.
![]()
BITCOIN CASH / U.S. DOLLAR
Price Analysis
Bitcoin Cash is consolidating and not able to cross above $310 from the past three days. But bulls have not given up at all as they did not let the price fall below the twenty-day exponential MA. Bitcoin Cash made a high of $309.6 and positively closed at $301.7 on Monday, 10th August 2020. The bulls saved the asset from slipping and bought the dip exactly at its 20 EMA and did not let the price go below a low of $284 yesterday. Traders and investors took great advantage of the lower dips. The twenty-day exponential MA along with the basis (middle line) of Bollinger Bands continue to slope up almost coming together to each other in positive momentum.
![]()
Key points to mark:
Immediate resistance that BCH faces: $330 + $333.7 (upper BB). 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: $284 (20 EMA) + $280, followed by $260. If bears push BCH below these levels, it will test $251 (50 MA), before declining to lower support levels.
Indicators
MACD has reduced its acceleration to nil. The MACD line is sloping down and has touched the signal line above 0 level. RSI has flattened at 61 level indicating bulls still have the upper hand.
![]()
