Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency cries for help as bear continues to destroy price supports

The bear has not been kind to the cryptocurrency market with almost all the coins bleeding red. Bitcoin [BTC], which was speculated to hit highs of $25,000, has gone ahead and fallen below the $5,000 mark, a crash that has sent the entire cryptoverse into a frenzy.
1-hour

The one-hour chart for Bitcoin [BTC] shows a drastic price drop. The support breaks have been quite rapid, with multiple supports breaking one after the other. The new support, at the moment, is at $4499.8 while the immediate resistance is holding at $6,474.6. The downtrends on the chart have been quite visible, with the cryptocurrency falling from $6,474 to $5,673.1, and then falling to $4,615.4.
The Chaikin Money Flow [CMF] indicator has crashed into the bear realm, which indicates that the money flowing out of the market is greater than the inflow.
The Relative Strength Index [RSI] has just begun its trip into the RSI zone after breaking the oversold barrier. This shows that the selling pressure is more than the buying pressure.
1-day

The one-day Bitcoin graph paints a bearish picture all throughout. The indicators too have taken the side of the bear. The current one-day support is at $4,616.8 with the downtrend bringing the price down in two phases: $8,193-$6,493.4 and $6,493.43 -$4,621.
The Bollinger bands indicate the start of a massive price outbreak tending towards the bear zone. The upper band and the lower band have both taken sharp turns in the opposite directions, signifying the price drop to continue for more time.
The MACD indicator shows the signal line and the MACD line falling in tandem after a bearish crossover. The MACD histogram has been flat for a long time with the bearish graph taking over.
Conclusion
Bitcoin’s misery looks to continue for a longer period of time with the prices free-falling beyond expectations. The indicators show that a trend change does not seem to be around the corner,  with the bear currently speeding in the driver’s seat.
The post Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency cries for help as bear continues to destroy price supports appeared first on AMBCrypto.
Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Bear is here to stay for a longer duration

The whole cryptocurrency market has been in a bloodbath since the beginning of this year. The bear seems to have no mercy as it continues its rampage in the market, slashing double-digits of the majority of the cryptocurrencies.
The top-10 cryptocurrencies that were affected in the market include Ethereum [ETH], Litecoin [LTC], Stellar Lumens [XLM], and Monero [XMR], as all these coins plunged by more than 20% in the past seven days.
According to CoinMarketCap, at press time, Monero [XMR] was trading at $84.09, with a market cap of $1.39 billion. The cryptocurrency has a trading volume of $16.71 million and has plunged by 6.33% in the past 24 hours.
1-hour
Monero [XMR/USD] one-hour price chart | Source: Trading ViewIn the one-hour chart, the privacy coin demonstrates a downtrend from $106.53 to $91.18. The coin also pictures an uptrend from $82.19 to $87.60. Monero has an immediate resistance at $92.94. If the coin breaches this level, then there is a strong resistance level at $107.88. The coin has a strong support ground at $82.17.
Bollinger Bands have started to expand in the market, demonstrating that the market is going to be volatile for the cryptocurrency.
Parabolic SAR is showing that it prefers the bear’s rule in the market and wants the bear to be the king for a longer duration. This is because the dots are currently aligned above the candlesticks.
The Awesome Oscillator is demonstrating its allegiance to the bear as well, as the histogram has formed red lines.
1-day
Monero [XMR/USD] one-day pice chart | Source: Trading ViewIn the one-day chart, the cryptocurrency shows a downtrend from $212.87 to $114.07. It also shows that the coin has taken a further dip from $106.81 to $90.15. Monero has an uptrend from $84.20 to $101.77, followed by another uptrend from $101.77 to $105.45. The cryptocurrency has an immediate resistance at $124.50 and a strong resistance at $169.02. The coin is currently at its strong support level, i.e., $84.07.
RSI is also approving the rule of the bear as the coin is currently being oversold in the market.
MACD is also nodding to RSI’s decision as the moving average line is below the signal line.
Klinger Oscillator has also pledged its undying support to the bear as the reading line is below the signal line.
Conclusion
The cryptocurrency is going to be in the bear’s realm for a much longer duration. This is mainly because all the indicators have decided to side the bear, leaving the bull alone in the market.
The post Monero [XMR/USD] Technical Analysis: Bear is here to stay for a longer duration appeared first on AMBCrypto.
Source: AMB Crypto

Cardano [ADA/USD] Technical Analysis: Cryptocurrency price falls to yearly low as bear continues to enjoy its spoils

The bear attack has not been pretty to watch with several cryptocurrencies crumbling under the pressure. Even popular cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH] and Cardano [ADA] were not spared from the ruthless attack, with some coins even breaking their price supports.
1-hour

The one-hour chart shows Cardano’s [ADA] price moving sideways after a freefall from the top. The downtrend saw the price drop from $0.0743 to $0.061. The support was broken recently, with the price falling to its yearly low of $0.0581. The resistance has been holding at $0.0824.
The Bollinger band has undergone a slight divergence, with the size of the Bollinger cloud increasing, indicating multiple trend changes.
The Chaikin Money Flow has taken a hairpin turn towards the zone of the graph, which is a sign of the money outflow increasing. The indicator staying above the axis shows that ADA is reaching out to the bull’s realm.
1-day

The Cardano one-day chart shows the grave situation of the cryptocurrency falling to its lowest value in over a year. The new support right now is at $0.061, with the downtrend taking the coin falling from $0.174 to $0.061.
The MACD indicator points to the signal line moving downwards while the MACD line has become one with the axis. The bear maul has also affected the MACD histogram, almost making it tend to zero.
The Awesome Oscillator has reflected the bear attack, with the market momentum almost negligible now.
Conclusion
The support break has done Cardano no favors with the AO, CMF and the MACD all pointing to a continued bear run.
The post Cardano [ADA/USD] Technical Analysis: Cryptocurrency price falls to yearly low as bear continues to enjoy its spoils appeared first on AMBCrypto.
Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Bear continues to lead the market

The whole cryptocurrency market was massacred by the bear’s attack earlier this week. All the top cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Litecoin [LTC] bled double digits in the market. Nonetheless, the market is trying to recover from the attack by sprinkling green on some coins.
Monero, [XMR], the tenth-biggest cryptocurrency by market cap, had also hoped on to the bandwagon of crushing the investors. According to CoinMarketCap, at press time, the famous privacy coin was trading at $86.43, with a market cap of $1.43 billion. The cryptocurrency had a trading volume of $16.32 million and had plunged by 2.05%.
1-hour
Monero [XMR/USD] one-hour price chart | Source: Trading ViewIn the one-hour chart, the cryptocurrency shows a downtrend from $106.53 to $87.37 and an uptrend from $82.19 to $87.17. The coin demonstrates that there is an immediate resistance at $90.26 and a strong resistance at $95.11. The chart also shows that the coin has gained a strong support at $82.16 level.
Bollinger bands are currently contracting as the market is less volatile and a massive price action is highly unlikely to occur.
Parabolic SAR shows a bearish trend as the dots have aligned on top of the candlesticks.
Chaikin Money Flow also pictures a bear’s rule. This is because the CMF line is below the zero line, depicting that the money is flowing out of the market.
1-day
Monero [XMR/USD] one-day price chart | Source: Trading ViewIn the one-day chart, the cryptocurrency shows a downtrend from $292.71 to $114.07. Additionally, the price fell further from $106.81 to $90.25. The chart also shows that there is an uptrend from $84.20 to $101.77 and from $1o1.77 to $1o5.45.
The coin has to first breach the immediate resistance at $114.17 in order to get to the strong resistance, which is currently set at $147.56. The coin has a strong support at the $84.11 ground.
Klinger Oscillator indicates that the coin is going to be in the bear’s grip as the reading line was below the signal line, showing no signs of recovery.
MACD is also showing that the bear has no intention of letting the coin loose as the moving average line was well-below the signal line.
RSI is in complete agreement with both MACD and Klinger Oscillator as the indicator demonstrates that the selling pressure is currently more than the buying pressure. Nonetheless, a trend break-out could occur soon.
Conclusion
The market is currently in favor of the bear as the carnivores mammal has the support of the Parabolic SAR and the CMF from the one-hour chart and all the indicators from the one-day chart.
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Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Bulls have the eyes of tiger in them

Stellar Lumens has resurfaced by 4.73% in a 24-hour time frame after the crash, while the other cryptocurrencies including Bitcoin [BTC], Ethereum [ETH], and XRP are struggling. XLM is currently trading at $0.2427 with a market cap of $4.59 billion. The trading volume has reached $110.79 million a majority [~36%] of which is contributed by Binance.
1 Hour

The uptrend for Stellar ranges from $0.2173 to $0.2454, while the downtrend spans from $0.2856 to $0.2510. The price has broken two supports at $0.2531 and $0.2301 and has set up a support at $0.2173. New resistance points set up at $0.2413 have been broken by the price on November 15, 23:00 UTC. Resistances are also set up at $0.2597, $0.2747 and $0.2858.
The Parabolic SAR shows a bullish trend occurring as the markers are below the price candles.
The MACD indicator is showing a bullish trend in play as well, with the MACD line crossing over the signal line. The histogram is covered with green bars indicating a bullish presence in the market.
The Awesome Oscillator spikes are forming above the zero line, which indicates that the short-term trend momentum is higher than the long-term long momentum indicating a bullish buying opportunity.
1 Day

The one-day chart shows a small uptrend ranging from $0.2227 to $0.2413, while the downtrend is spread from $0.4305 to $0.2775. The support points at $0.2227 and $0.17668 are holding strong and so are the resistance points at $0.2813, $0.3336 and $0.3693.
The Bollinger Bands are undergoing an expansion indicating that the volatility is being injected into the market. The prices, however, have dropped after touching the upper limit and are currently bouncing on the simple moving average.
The Aroon Indicator is giving out mixed signals as the Aroon up and the Aroon downlines have both hit the 100 line and are moving down in unison and in a parallel fashion.
Stochastic Indicator has undergone a bearish crossover after hitting the overbought ceilings.
Conclusion
The one-hour chart has indicators showing a strong bullish opportunity indicated by SAR, MACD and the Awesome Oscillator. In the larger time frame i.e., the one-day chart shows mixed emotions as indicated by the Bollinger Bands and Aroon indicators. The Stochastic, however, is showing clear bearish signs.
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Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Privacy coin to be suffocated by bear’s grip

The cryptocurrency market witnessed the wrath of the bear as most of them plunged to their lowest point of the year. Along with crushing the whole market, the bear also stomped on investor sentiments, resulting in some existing the space.
The top 10 coins which are seeing a double-digit fall in the past 24-hours includes, Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], EOS, Litecoin [LTC], Cardano [ADA] and Monero [XMR].
According to CoinMarketCap, at press time, Monero [XMR], a popular privacy coin, is trading at $89.26 with a market cap of over $1 billion. The cryptocurrency has a trading volume of more than $36 million and has plummeted by 14.34% in the past 24 hours.
1-hour
Monero [XMR] one-hour price chart | Source: Trading ViewThe one-hour chart showed a downward trend from $114.33 to 106.77. This is followed by another downtrend from $103.71 to $90.69. The privacy coin has an immediate support at $95.13. It will then have to meet the strong resistance, which is patiently waiting at $107.86 level. There is a strong support for the coin at $89.21.
Parabolic SAR shows that the bear is going to further rip apart the cryptocurrency in the market as the dots have aligned above the candlesticks.
Bollinger Bands forecast that the market is going to be volatile as the bands were expanding, making space for price movements.
The Chaikin Money Flow indicates that the money has started to flow in the bearish atmosphere as it was leaping above the zero line.
1-day

Monero [XMR] one-day chart | Source: Trading ViewThe one-day chart is showing a downtrend from $292.71 to $114.07. This trendline continues to reach $106.81 price level. The cryptocurrency shows an uptrend from $84.20 to $101.77, which is further taken to $107.68 ground. The privacy coin has an immediate resistance at $114.17 and a strong resistance at $147.56. XMR has a strong support level at $84.11.
Klinger Oscillator forecasts a bearish weather as the reading line is below the signal line and is showing a massive gap from each other.
MACD is also agreeing with KO’s forecast as the moving average is also indicating that the bear might hail over the market for a longer duration. This is because the moving average line is below the signal line, showing a similar pattern as the Klinger Oscillator.
RSI shows that a trend reversal could take place, giving the bull another chance in the game as the chart is indicating that the coin is currently being held by the bear .
Conclusion
The cryptocurrency is going to be suffocated by the bear’s grip. The winter animal is supported by the Parabolic SAR and CMF from the one-hour chart and Klinger Oscillator and MACD from the one-day chart.
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Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Bear and bull engage in a tough fight

Monero [XMR], the tenth-largest cryptocurrency by market cap, has been struck by the bear’s strike just like all the other cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH], XRP and Bitcoin Cash [BCH].
According to CoinMarketCap, at press time, Monero [XMR] was trading at $103.22 with a market cap of over $1 billion. The coin has a trade volume of more than $15 million and has plunged by 7.23% in the past seven days.
1-hour:
Monero [XMR] one-hour price chart | Source: Trading ViewIn the one-hour chart, the coin demonstrated a downtrend from $114.33 to $106.77 and an upward trend from $103.05 to $105.67.
The popular privacy coin has an immediate resistance at $106.82, which will have to be breached to reach the strong resistance that is resting at $112.39. It has a strong support at $103.04 level.
The Chaikin Money Flow chart is showing a bullish trend as the money was flooding into the market.
Parabolic SAR demonstrated a bearish wave as the dots are currently starting to align above the candlesticks
Bollinger Bands are expanding to make more space for price action, forecasting a volatile market.
1-day:
Monero [XMR] one-day price chart | Source: Trading ViewIn the one-day chart, the coin has a downtrend from $203.50 to $114.07. This is followed by another downtrend from $114.07 to $106.82. XMR presented an upward trend from $84.20 to $101.77, which was carried ahead t0 $105.45.
The cryptocurrency has an immediate resistance at $114. 15 and a strong resistance at $147.64. The privacy coin will first be supported at $100.67 and then at $84.19 if the initial support were to break.
RSI showed that the buying pressure and the selling pressure for the coin are currently being evened out by each other.
MACD has sworn its allegiance to the bear, as the moving average line is below the reading line.
Klinger Oscillator was also on the same page as MACD, forecasting a bearish trend as the reading line was below the signal line.
Conclusion
The cryptocurrency shows its support to both the bull and the bear. The bull has entered the ring with the support of CMF in the one-hour chart and the bear with the support of the RSI and MACD in the one-day chart.
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Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Bulls ready to win the battle against the bear

Litecoin [LTC], the seventh-biggest cryptocurrency by market cap, has been standing at the edge of the cliff since the past few days. The cryptocurrency has seen a massive dip ever since it reached its peak earlier this year.
According to CoinMarketCap, at press time, the coin was trading at $50.57 with a market cap of more than $2 billion. The coin was trading volume of $437 million and had witnessed a downfall of 6.88% in the past seven days.
1-hour:
Litecoin [LTC] one-hour price chart | Source: Trading ViewThe one-hour chart displayed that the coin has seen a downward trend from $53.51 to $52.21, and it further fell from that point to $50.30. The chart also showed that it has an upward trend from $49.88 to $50.11.
The coin will be the first to have a clear the immediate resistance point, which is set at $50.36, in order to reach the next level of the game, i.e., the strong resistance at $52.21. The cryptocurrency has a strong support at $49.81 level, which will be playing a key role in the game of bulls versus bears.
Parabolic SAR showed that it has started to gain interest in the game and is currently the bull’s first hand as the dots were aligned below the candlesticks.
Chaikin Money Flow was right beside Parabolic SAR, supporting the bull by pumping in more money into the market.
However, the Bollinger Bands showed that the game will not be a grand one as the bands were contracting, showing a less volatile market.
1-day:
Litecoin [LTC] one-day price chart | Source: Trading ViewThe one-day chart showed that there was a downward trend from $121.59 to $55.87. It also depicted an upward trend from $48.45 to $52.03. The coin has to first clear the immediate resistance level that is set at $55.87. Succeeding this, it will have to prepare itself to kill the strong resistance, which is at $89.15. The cryptocurrency will be support by $48.45, in case it falls in the battlefield.
The RSI indicator showed that the buying pressure and the selling pressure is currently evening out each other in the market.
MACD is preparing for the battle, showing its support to the bear as the moving average line breached below the signal line.
Nonetheless, the Klinger Oscillator is set to entertain the investors by displaying its support to the bull, as the reading line was above the signal line.
Conclusion
The bull and the bear are ready to face off in the market. The bull is currently supported by Parabolic SAR and the CMF from the one-hour chart and Klinger Oscillator from the one-day chart. The bear is supported only by MACD from the one-day chart.
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Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Cryptocurrency stays beaten and bruised under the bear regime

The cryptocurrency market’s bear run does not look to have ended, with many cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Monero [XMR] all seeing red across the charts. Monero [XMR] was also in the news recently when Nouriel Roubini stated that the cryptocurrency will be “cracked down by the Feds” soon.
1-hour:

The Monero one-hour chart shows an acute downtrend as well as a small uptrend. The downtrend brought the prices down from $114.430 to $107.582. The recent uptrend also saw the prices rise from $103.067 to $105.723. The cryptocurrency’s support was holding at $102.969 while the resistance has been maintained at  $114.430.
The Awesome Oscillator shows the market momentum reducing from its previous rates, which may be linked to the change in investor sentiments.
The MACD indicator points to multiple crossovers, with the signal line and the MACD line almost moving in tandem towards the bear zone. The MACD histogram has also been predominantly bearish.
1-day:

The one-day graph for Monero shows an uptrend as well as a downtrend, a reflection of the one-day graph. The uptrend saw the XMR price increasing from $83.980 to $100.968. The downtrend brought the price from $138.12 to $114.239.
The Parabolic SAR has shown a predominantly bearish run, with the markers staying above the price candles.
The Relative Strength Index [RSI] has been tending towards the oversold zone, a sign of the selling pressure being more than the buying pressure. The graph had fallen from its hold in the middle of the graph, which is attained when there is an equilibrium between the buying and selling pressure.
Conclusion
The bear’s hold has been made evident as shown by the indicators. The MACD, RSI and the Parabolic SAR all point to the bear reigning supreme with slight bullish rises in between.
The post Monero [XMR/USD] Technical Analysis: Cryptocurrency stays beaten and bruised under the bear regime appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH/USD] Technical Analysis: Market betting on the bear’s win?

Bitcoin Cash [BCH], the fourth-biggest cryptocurrency by market cap, has been the talk of the market as the hard fork is nearing. The date for the upgrade is set on November 15, 2018, stirring up the investors sentiments. However, the coin performance has failed to keep up to the market’s expectations.
According to CoinMarketCap, at press time, the coin was trading at $522.10 with a market cap of over $9 billion. The coin had a trading volume of $909 million and had slumped by 6.70% in the past seven days.
1-hour:
Bitcoin Cash [BCH] one-hour price chart | Source: Trading ViewIn the one-hour chart, the coin showed a downward trend from $546.44 to $519.38. Nonetheless, it also had an upward trend from $458.51 to $496.35. The coin will have to first face the immediate resistance level set at $549.76 in order to meet the strong resistance, which is set at $633.55. The cryptocurrency has an immediate support at $496.26 if the bear were to strike again. If this ground fails to support the coin, then there is a strong support ground at $456.59.
The Chaikin Money Flow was showing a bullish wave. However, the indicator was making a leap towards the bear’s side.
Parabolic SAR depicted its allegiance to the bear as the dots had aligned above the candlesticks.
The Bollinger Bands were coming together for a reunion, reflecting a less volatile market.
1-day:
Bitcoin Cash [BCH] one-day price chart | Source: Trading ViewIn the one-day chart, the coin had fallen from $1,749.45 to $628.25. However, it did show a rise from $422.56 to $528.07. The coin has an immediate resistance at $628.25, and a strong resistance at $1,169.16. It also has a strong support at $413.04, in case the bull loses the race.
The RSI indicator showed that the buying pressure and the selling pressure are evened out.
MACD showed that it was betting on the bull as the moving average line was above the signal line.
However, the Klinger Oscillator was betting on the bear’s win as the reading line was crossed the signal line, leaping off the hill.
Conclusion
The one-hour graph of the coin is in favour of the bull. In the one-day chart, the MACD favours the bull whereas the Klinger favours the bear.
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Source: AMB Crypto

Cardano [ADA/USD] Technical Analysis: Bear to stay in the market for a longer duration

Cardano [ADA], the eighth-biggest cryptocurrency in the market, has been sparking green on a constant basis in the market, despite the lack of new announcements. However, the coin has failed to show its continuous support to the bull after the race, which took place at the beginning of this month.
According to CoinMarketCap, the cryptocurrency was trading at $0.075 with a market cap of more than $1 billion. The coin had a trading volume of more than $20 million and had seen a gain of 4.94% in the past 7 days.
1-hour:
Cardano [ADA] one-hour price chart | Source: Trading ViewIn the one-hour chart, the coin showed a downward trend from $o.077 to $0.075. It also displayed an upward trend which started at $0.0744 and ended at $0.0748. The coin has a strong resistance at $0.078 and an immediate resistance at $0.0754. Nonetheless, the coin has a strong support at $0.0744 ground and an immediate support at $0.0746.
The Chaikin Money Flow showed that the bull could take over the market.
Parabolic SAR showed that the dots have started to align below the candlesticks, predicting a bullish run to take place soon.
The Bollinger Bands were contracting at the time of writing, displaying a less volatile market. 
1-day:
Cardano [ADA] one-hour price chart | Source: Trading ViewIn the one-day chart, ADA displayed a downward trend from $0.172 to $0.081 and an upward trend from $0.071 to $0.076. The cryptocurrency showed that there was a tough battle ahead as it had to breach the immediate resistance, which is set at $0.086 and the strong resistance, which is set at $0.107. If the strong resistance is breached, then the next resistance is set at $0.172
The RSI indicator showed that the selling pressure and the buying pressure of the coin are evening out each other.
MACD showed that the moving average line was above the signal line. However, the line was converging and showed that it could dive below the signal line, forecasting a bearish weather.
The Klinger Oscillator was on the bear’s side, as the reading line was below the signal line.
Conclusion
The cryptocurrency could rejoin the bear’s group soon as the MACD and Klinger Oscillator are showing their favor to the bear.
The post Cardano [ADA/USD] Technical Analysis: Bear to stay in the market for a longer duration appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Bulls just don’t have what it takes

Litecoin [LTC] is one of the coins which was hit the hardest by the cryptocurrency massacre that has been occurring over the past 10 months, with the coin recently testing its lowest resistance level at $48.45.
However, the coin seems to be looking for a comeback, as shown by the technical indicators.
1-hour
Source: Trading View
The one-hour graph shows a downtrend evolving slowly from $55.67 to $51.82. Although the uptrend is getting more linear as each day passes, it ranges from $50.71 to $51.27 after which it broke up and ended up at $51.59.
The trend lines indicate that the prices, after a brief journey upside, lost their strength and are spiraling down under the pressure of bears.
The Parabolic SAR shows a bullish trend since the markers have stopped and reversed to the bottom of the price candles.
The Awesome Oscillator indicates the bearish trend is dissipating, however, it is not completely lost since the candles are still being formed below the zero line and are green.
The RSI has crossed the 50 line, indicating a slightly bullish trend emanating since the buyers have slowly taken control of the market.
1-day
Source: Trading View
On the one-day chart, the downtrend is ranging from $177.74 to $55.98, while there seems to be no uptrend in sight in the long-term trend. The support is holding strong at $48.45 while the resistances are not getting tested due to the bear trend holding steady. The imminent resistance is set up at $68.35, while subsequent resistances are set up at $89.02, $125, and $177.74.
The Bollinger Bands are showing a bearish trend while the bands are undergoing a contraction. The prices are holding steady on the exponential moving average, which shows that the market is in a bearish mood.
The Aroon up line has hit the top indicating that the uptrend has reached a maximum strength while the Aroon downline has crossed over to the bottom, indicating that the downtrend line has lost its significance.
The MACD indicator shows an overall bullish trend as the MACD line is undergoing a bullish crossover after the MACD line crossed over the signal line.
Conclusion
The one-hour charts are showing a rather bullish move except for the AO indicator which is still bullish. The one-day chart, however, is showing a bullish as well except for Bollinger band that indicates otherwise.
The post Litecoin [LTC/USD] Technical Analysis: Bulls just don’t have what it takes appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH/USD] Technical Analysis: Bull tries to emerge in the midst of the bear reign

The cryptocurrency market has succumbed to the bear attack with several coins seeing red across the spectrum. Cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Bitcoin Cash [BCH] have all started on a downtrend with the so-called crypto winter going on in full flow.
1-hour:

The one-hour BCH graph indicates a downtrend that has seen the price drop from $581.46 to $545.56. The earlier uptrend saw the price being lifted from $421.22 to $585.84.
The BCH support has been holding at $408.09 and the immediate resistance has been raised to $633.12.
The Relative Strength Index has crashed to the bottom of the oversold zone. This is a sign of the selling pressure being more than the buying pressure. The cryptocurrency has predominantly stayed in the overbought zone.
The MACD graph has fallen below the histogram with the occurrence of a crossover. Post the crossover, the signal line and the MACD line have shown uptrend tendencies.
1-day:

The one-day BCH graph shows the support at $411.29. The downtrend bought the prices down from $832.39 to $568.57. The recent bullish run also took the price from $434.12 to $624.38.
The Bollinger bands have started diverging, which points to a bullish run. Some of the bullish spikes have left the Bollinger cloud swollen due to massive price hikes.
The Chaikin Money Flow indicator is still above the axis, which indicates that the money flowing into the market is still more than the money flowing out of it.
Conclusion
The upcoming hard fork has certainly created a change in the investor sentiment with several proponents of the hard fork building its case. The Bollinger band, CMF, and the MACD all point to the prices still trying to climb back on the bull, which may be interspersed with sideways price movements.
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Source: AMB Crypto

Bitcoin Cash [BCH/USD] Technical Analysis: Bullish stampede comes to a halt as sideways movement persists

Bitcoin Cash [BCH]’s massive bullish run seems to have come to a halt as the prices have started dropping. The investor sentiment for the cryptocurrency has been wavering between the positive and the negative as many fans and enthusiasts of the cryptocurrency are waiting for the November 15 hard fork.
1-hour:

The one-hour cryptocurrency chart shows an uptrend in the $474.63-$574.45 range and a downtrend that saw the price drop from $611.23 to $597.22. The immediate resistance of the cryptocurrency is at $634 while the support has been holding at $408.09.
The Awesome Oscillator shows the market momentum of Bitcoin Cash slowly picking up after a lull.
The Chaikin Money Flow indicator has fallen below the axis, a bearish indicator. The fall in the graph is a sign that the money is flowing out of the market due to the change in investor sentiments.
1-day:

The one-day BCH chart shows a marked downtrend from $864.97 to $527.67. The recent upward trend has taken the price from $436.86 to $629.30. The long-term support has been holding at $410.92.
The Relative Strength Index [RSI] has crossed the overbought zone and is slowly creeping back into the RSI zone. The threshold cross is indicative of the buying pressure being more than the selling pressure.
The MACD graph shows the signal line and the MACD line moving in tandem in an upward direction. The rise up has also coincided with the MACD histogram behaving in a bullish manner.
Conclusion:
The AO, RSI and the MACD all point to a bullish run with sporadic sideways movements. Only the CMF has taken the side of the bear with the graph crashing towards the bottom.
The post Bitcoin Cash [BCH/USD] Technical Analysis: Bullish stampede comes to a halt as sideways movement persists appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Cryptocurrency stays adamant to take the bullish path despite bear attack

The past few days have been a roller coaster ride for the cryptocurrency market, with several coins witnessing a significant rise and fall in prices. Cryptocurrencies like Bitcoin Cash [BCH], XRP and Tron [TRX] have all undergone significant changes in prices with the investor sentiment leaning towards an expected surge during the current time period, a call back to 2017’s ‘crypto-boom’.
1-hour:

Tron [TRX]’s rise and fall are clearly seen on the cryptocurrency charts with the uptrend putting the price in the $0.0225-$0.0246 bracket while the downtrend bought Tron’s value from $0.0248 to $0.0237. The immediate resistance of the cryptocurrency has been lifted to $0.0248 and the support is holding at $0.0214.
The MACD line and the signal line have both embarked on a journey below the MACD histogram where the signal line has peaked a bit, indicating an imminent price hike.
The Relative Strength Index [RSI] has bounced back from the oversold zone, a sign of the increase in buying pressure of the cryptocurrency.
1-day:

The one-day Tron chart points to the price slowly being lifted out of its sideways movement pattern, all thanks to the significant hikes that occurred over the past few days.
The long-term chart still indicates a downtrend, with the prices dropping from $0.0391 to $0.0246. The long-term support has been holding at $0.018.
The Bollinger bands indicate a sideways movement which is put into picture by the upper Bollinger band and the lower Bollinger band taking the shape of a pipe. The size of the Bollinger clouds also shows a lack of substantial breakouts in the Tron prices.
The Chaikin Money Flow [CMF] indicator has been quite active, with the graph breaching the axis. The entry into the upper quadrant of the CMF graph is a bullish sign for the cryptocurrency’s prices.
Conclusion
The indicators seem to indicate an imminent price hike as shown by the MACD graph, CMF, and the RSI. The indicators also show that the increase will also raise the immediate resistance of Tron.
The post Tron [TRX/USD] Technical Analysis: Cryptocurrency stays adamant to take the bullish path despite bear attack appeared first on AMBCrypto.
Source: AMB Crypto