Analysis Editor's Picks

XRP, BCH: technical analysis and forecast of the course on 10-11 January 2019

Technical indicators point to an overwhelming bearish pressure on the markets of major altcoins.

XRP/USD

At the time of the review market Ripple listed for $0,3487. Temporary support to the price of the cryptocurrency buyers are formed on the second key support level of $0,3470.

The upper border of the short-term correction down wave price marked at $0,3569 the first key support level, above which at the moment the sellers are consolidating the amounts of the sale Ripple.

10 января XRPUSD H4
10 Jan XRPUSD H4

The pressure on the current pair XRP/USD has moving average EMA 200. Values of relative strength index are on the field of active sales and the line RSI14 is directed downwards to cross the border with the overbought.

In total, these technical indicators indicate strong bearish trend, a short course Ripple.

Currently sale in a pair XRP/USD with the lowest risk is recommended at the next price breakout from the resistance level of $0,3569 with order $0,3516 and $0,3468.

BCH/USD

Among the ten largest altcoins Bitcoin Cash today trading with the largest losses (12.8 percent) from large short-term sales. At the time of the review of the market the pair BCH/USD is quoted at $138,30.

Session low price BCH is fixed at the third key support level of $130,00. Short-term the pair BCH/USD stabilized in the range of $143-134.

10 января BCHUSD H4
10 Jan BCHUSD H4

The price movement for the last 8 hours indicates the willingness of the bulls to protect its position above the key support level of $130,00. However, the values RSI14 remains in the oversold indicator line tends to pivot down from the border of the oversold area, indicating that the probability of retesting the support price at $131.00 region.

Bitcoins Cash are recommended from the resistance level of $143,00 objectives $of 138.00/$of 131.00/$127,00.

Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.

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