BTC, ETH, XRP, XVG, MATIC, DOGE, COTI — Technical Analysis Aug 26

BTC, ETH, XRP, XVG, MATIC, DOGE, COTI — Technical Analysis Aug 26
фото показано с : beincrypto.com

2021-8-26 13:29

Bitcoin (BTC) is in the process of breaking down from an ascending support line.

Ethereum (ETH) has created a double top pattern.

XRP (XRP) is potentially trading inside a symmetrical triangle.

Verge (XVG) is trading between support and resistance at $0.024 and $0.0365.

Polygon (MATIC) has been rejected by the $1.66 resistance area.

Dogecoin (DOGE) is following an ascending support line.

COTI Network (COTI) has broken out from a descending parallel channel.

BTC

BTC has been falling since Aug 23, after it reached a local high of $50,500. After completing an evening star candlestick pattern, it is in the process of creating a bearish engulfing candlestick. 

The ongoing decrease was preceded by significant bearish divergences in the MACD, RSI, and Stochastic oscillator. 

If the downward movement continues, the closest support level is found at $42,400. This target is the 0.382 Fib retracement support level and a horizontal support area.

BTC Chart By TradingView ETH

On Aug 13, ETH reached a local high of $3,327. After a slight drop, it reached a slightly higher high of $3,377 on Aug 23.

However, ETH was rejected by the 0.618 Fib retracement resistance level and created a double top pattern. Furthermore, the pattern was combined with bearish divergences in both the RSI and MACD.

If it continues to fall, ETH could find support between $2,345 and $2,545. These are the 0.5-0.618 Fib retracement support levels (white).

ETH Chart By TradingView XRP

XRP broke out from the $1.05 horizontal area on Aug 13 and validated the level as support (green icon) after.

Currently, it’s consolidating above this area and is potentially trading inside a symmetrical triangle.

The symmetrical triangle is often considered a neutral pattern. In addition to this, technical indicators are mixed. The MACD is negative but the RSI has generated a hidden bullish divergence.

If a breakout were to occur, the next resistance would be found at $1.65.

XRP Chart By TradingView XVG

XVG has been decreasing since Aug 16, when it was rejected by the $0.0365 resistance area. 

It’s currently trading just above the $0.0.264 support, which is the 0.5 Fib retracement support level. However, the main support area is found at $0.024. This target is the 0.618 Fib retracement support level and a horizontal support area. 

Currently, there are no bullish reversal signs in place.

XVG Chart By TradingView MATIC

MATIC has been increasing alongside an ascending parallel channel since July 20. On Aug 21, it reached a high of $1.70. 

However, it decreased shortly after, confirming the rejection from the $1.66 resistance area. Besides being a horizontal resistance area, it’s also the 0.5 Fib retracement resistance level. 

As a result, MATIC is breaking down from the ascending parallel channel. If the downward movement continues, the closest support would be found at $1.16.

MATIC Chart By TradingView DOGE

DOGE has been falling since reaching a high of $0.352 on Aug 16. The downward movement has taken the shape of a descending parallel channel, which usually contains corrective structures. 

There is a very strong confluence of support levels at $0.255, created by: 

An ascending support lineThe support line of the parallel channelThe 0.618 Fib retracement support level

Therefore, a bounce would be likely if DOGE reaches this support.

DOGE Chart By TradingView COTI

COTI had been trading inside a descending parallel channel since March 18. It began an upward move on July 20 and proceeded to break out from the channel on Aug 24. 

While COTI accelerated at a rapid pace after the breakout, it was rejected by the 0.786 Fib retracement resistance level at $0.49. 

Following this, it fell below the horizontal $0.42 resistance area. 

Whether or not COTI manages to reclaim this level will likely determine the direction of the future trend.

COTI Chart By TradingView

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post BTC, ETH, XRP, XVG, MATIC, DOGE, COTI — Technical Analysis Aug 26 appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66915.48 (+0.05%)
Объем 24H $26.199b
Изменеия 24h: 1.22 %, 7d: 9.81 %
Cегодня L: $66739 - H: $67036.39
Капитализация $1318.225b Rank 1
Цена в час новости $ 46755.04 (43.12%)

btc technical coti aug analysis eth doge

Источник: beincrypto.com

btc technical → Результатов: 126


Bitcoin Price Analysis BTC / USD: What Goes Up….

Bitcoin has a neutral short-term bias, with the cryptocurrency testing towards its 200-period moving average on the four-hour time frame The four-hour time frame shows a bearish head and shoulders pattern Technical indicators on the daily time frame are starting to correct from overbought readings Bitcoin / USD Short-term price analysis Bitcoin has a neutral […] The post Bitcoin Price Analysis BTC / USD: What Goes Up…. appeared first on Crypto Briefing.

2019-7-2 15:41


Фото:

Around The Block With Jeff And Dave – July 1, 2019 Facebook Libra and Calibra, Metlife Using Ethereum, Bitcoin (BTC) at 11,000?, Kevin Hsu of BlockVC Interview, and More!

In this episode, we do a deep technical dive into Facebook Libra and ask, is it trustworthy? Will it be valuable or even viable? Or will it crash and burn? In other news, Metlife is adopting Ethereum, but what will this mean for the future of the project? Bitcoin is the eighth largest currency inRead MoreRead More.

2019-7-2 18:23


Bitcoin Price Analysis BTC / USD: $13,000 Rat Poison

Bitcoin has a bullish short-term bias, with the cryptocurrency trading at its highest level since January 2018 Technical indicators on the four-hour time frame show that the BTC / USD pair is extremely overbought The daily time frame shows that bulls have now triggered a huge inverted head and shoulders pattern Bitcoin / USD Short-term […] The post Bitcoin Price Analysis BTC / USD: $13,000 Rat Poison appeared first on Crypto Briefing.

2019-6-27 17:06


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

BCH, XVG & DNT: Technical Analysis For March 25

Verge (XVG) has broken down from an ascending support line and is attempting to find support. District0x (DNT) has been decreasing since creating a double top pattern on March 20. Bitcoin Cash (BCH) At the beginning of January, BCH broke out from a long-term descending resistance line.