BitcoinExchangeGuide Posted August 16, 2018 Share Posted August 16, 2018 Litecoin (LTC) Daily Price Forecast – August 16 LTC/USD Medium-term Trend: Ranging Resistance Levels: $58, $59, $60 Support Levels: $54, $53, $52 Yesterday, August 15th, the LTC price was in a bullish trend. The digital currencies rose from the low of $51.05 to the high of $58.73. However, the LTC price was resisted and the price fell to the low of $55.90. Since on August 12, the price of Litecoin has been fluctuating between the levels of $60 and $50. Today, the LTC price will continue its fluctuations between those levels until they are broken by price.Today, the LTC price is currently trading at $56.78 as at the time of writing. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 which indicates that price in the sideways trend zone. LTC/USD Short-term Trend: Bullish From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is ranging at a price of $54.88. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted August 20, 2018 Share Posted August 20, 2018 Ethereum (ETH) Daily Price Forecast – August 20 ETH/USD Medium-term Trend: Ranging Resistance Levels: $310, $320, $330 Support Levels: $280, $270, $260 The price Ethereum was in a sideways trend. In the last one week, the ETH price was fluctuating between the levels $290.99 and 319.17. The price of Ethereum has been quiet in the last four days. Today, the cryptocurrency is likely to continue its range bound movement. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of ETH is at par with the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone. ETH/USD Short-term Trend: Bullish On the 1-hour chart, the ETH price is in a bullish trend. The price of the cryptocurrency is moving horizontally along with the exponential moving averages. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 26-day EMA and the 12-day EMA which indicates that a bullish trend is ongoing. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted August 23, 2018 Share Posted August 23, 2018 Bitcoin (BTC) Daily Price Forecast – August 23 BTC/USD Medium-term Trend: Ranging Resistance levels: $6,500, $6,600, $6,700 Support levels: $6,300, $6,200, $6,100 Yesterday, August 22, the price of Bitcoin was in a sideways trend. The BTC price fell while in a sideways trend. The cryptocurrency fell to its previous range-bound levels of $6,600 and $ 6,000. Yesterday, the BTC price reached the high of $6,880.72 and price pullback to the low of $6,303.65. Today, the BTC price is now in range bound movement. It is assumed that the cryptocurrency will cross over the hurdle at the price of $6,600. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone. BTC/USD Short-term Trend: Ranging On the 1-hour chart, the BTC price is in a sideways trend. While in a sideways trend, the price of Bitcoin fell to the low of $6,323.93. After it has fallen, the cryptocurrency resumed its range-bound movement. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted August 27, 2018 Share Posted August 27, 2018 Litecoin (LTC) Daily Price Forecast – August 27 LTC/USD Medium-term Trend: Ranging Resistance Levels: $70, $75, $80 Support Levels: $60, $55, $50 Last week the LTC price was in a sideways trend. The digital currency fluctuates between the resistance level at $60 and the support level at $50. However, On August 22nd, the price of Litecoin reached the high of $59.43 and price pullback to the low of $56.21. The digital currency had been ranging below and above the price $56.21. Today, the LTC price has no significant price movement because the market is quiet. The price will react the same way this week until a breakout occurs. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone. LTC/USD Short-term Trend: Ranging From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research. https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted August 30, 2018 Share Posted August 30, 2018 Ethereum (ETH) Daily Price Forecast – August 30 ETH/USD Medium-term Trend: Rang: Ranging Resistance Levels: $330, $340, $350 Support Levels: $300, $290, $280 Yesterday, August 29th, the price of Ethereum was in a bullish trend. The ETH price was unable to reach and break the upper level of a price range. The cryptocurrency reached the high of $297.53 and later fell to the low of $284.02. The price of Ethereum is range bound between the levels of $260 and $320 since August 17. Today, the price of Ethereum has fallen to its range bound movement. The ETH price is likely to fluctuate within the confinement of its range. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone. ETH/USD Short-term Trend: Ranging On the 1-hour chart, the price of Ethereum is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted September 3, 2018 Share Posted September 3, 2018 Bitcoin (BTC) Daily Price Forecast – September 3 BTC/USD Medium-term Trend: Bullish Resistance Levels: $7,400, $7,600, $7,800 Support levels: $7,900, $6,800, $6,900 Last week, the price of Bitcoin was in a bullish trend. In a minimized candlestick, the cryptocurrency is making a series of higher highs and higher lows. The price bars of Bitcoin are above the moving averages indicating the rise of Bitcoin. Price of Bitcoin had established itself above the $7,000 price level. Today, the BTC price is in a bullish trend. Price is approaching the $7,500 price level. Traders may wish to initiate long trades above the $7,000 price level and a stop loss below the critical level of $7,000. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 59 which indicates that price is nearing the bullish trend zone. BTC/USD Short-term Trend: Ranging On the 1-hour chart, the price of Bitcoin is in a sideways trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted September 6, 2018 Share Posted September 6, 2018 Litecoin (LTC) Daily Price Forecast – September 6 LTC/USD Medium-term Trend: Bearish Resistance Levels: $60, $70, $80 Support Levels: $50, $40, $30 Yesterday, September 5, the LTC price was in a bullish trend. The cryptocurrency was resisted at a price of $68.58 while attempting to break to $70 price level. But the bears took control of the market and brought the price to the low of $55.66. This implies that the LTC price is now back to the previous range bound zone of Levels $60 and $50. However, if the bearish pressure continued, the cryptocurrency will revisit the previous low of $50. Also, the MACD line and the signal line are below the zero line which indicates a buy signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 27 which indicates that the market is oversold suggesting bulls to take control of the market. LTC/USD Short-term: Bearish On the 1-hour chart, the LTC price is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted September 12, 2018 Share Posted September 12, 2018 Ethereum (ETH) Daily Price Forecast – September 12 ETH/USD Medium-term Trend: Bearish Resistance Levels: $200, $220, $240 Support Levels: $160, $140, $120 Yesterday, September 11, the price of Ethereum was in a bearish trend. The price of Ethereum fell to the low of $175.69. Today, the cryptocurrency is in a bearish trend. Price has broken the major support level of $200. Price is likely to test the next support level which is $160 price level. If price reaches the next support level, that would probably be the first low since the beginning of the year.Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 22 which indicates that the market is oversold suggesting bulls to take control of the market. ETH/USD Short-term Trend: Bearish On the 1-hour chart, the price of Ethereum is in a bearish trend. Price of Ethereum is falling because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are below the zero line which indicates a sell signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted September 17, 2018 Share Posted September 17, 2018 Bitcoin (BTC) Daily Price Forecast – September 17 BTC/USD Medium-term Trend: Ranging Resistance Levels: $6,400, $6,600, $6,800 Support levels: $6,100, $5,900, $5,700 Last week the price of Bitcoin has been in a sideways trend. The BTC price fluctuates between the levels of $6,400 and $6,200.The BTC price reached the high of $6,520.51 and was repelled because of the selling pressure at the $6,400 price level. The price ranges more at the upper-level of price . Last week it was assumed that the bulls can overcome the upper level of price by introducing more buyers to push the price above the $6,400 price level. Today, the price will continue its range at the support zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 55 which indicates that price is in a sideways trend zone. BTC/USD Short-term Trend: Ranging On the 1-hour chart, the BTC price is in a sideways trend. The MACD signals are all bullish. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted September 20, 2018 Share Posted September 20, 2018 Litecoin (LTC) Daily Price Forecast – September 20 LTC/USD Medium-term Trend: Ranging Resistance Levels: $60, $65, $70 Support Levels: $50, 45, $40 Yesterday, September 19, the price of Litecoin was in a sideways trend. There has been no significant price movement as the digital currency had been range bound between the levels of $50 and $60. On September 19, the LTC price had a price spike. The price went down to the low of $51.56 and was resisted. The same candlestick at the same time went up to the high of $55.04 and also pulled back. The prices were pulling back as they test the upper and lower levels of price range. Meanwhile, the LTC price will continue its range bound movement. However, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Litecoin is neither below nor above the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone. LTC/USD Short-term Trend: Ranging On the 1-hour chart, the LTC price is in a sideways trend. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a sell signal. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
avrilbell123 Posted September 21, 2018 Share Posted September 21, 2018 its useful information. Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted September 24, 2018 Share Posted September 24, 2018 Bitcoin Cash (BCH) Long-term Price Forecast BCH/USD Long-term Trend – Bullish Distribution territories: $650, $750, $850. Accumulation territories: $350, $250, $150. Most of the price movements of BCH/USD had been in a range-bound region over a week. The ranging movements were featuring in the market of this crypto from Sept. 16 till 20. On Sept. 21, a notable short spike occurred, and the 14-day SMA’s trend-line was breached northwards above the price territory of $500. The market price line has been traded around the low price point obtained on Aug. 14 but now averaging towards the 50-day SMA’s trend-line from below. The 50-day SMA is located above the 14-day SMA. The Stochastic Oscillators have moved upward well above range 20. They now point north below range 80 to still showcase a continuation of probable northward price movement. The last spike that brought about the short bullish Japanese candlestick may be proven not strong enough while a strong reversal price action breaks past it southwards. A set of various lower lows and lower highs may come to play in the next few days while the immediate distribution territory of $650 remains unbroken-out. Investors may either join the market below the trend-line of 50-day SMA or wait for a smaller dip around the 14-day SMA’s trend-line. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted September 27, 2018 Share Posted September 27, 2018 Ethereum (ETH) Daily Price Forecast – September 27 ETH/USD Medium-term Trend: Ranging Resistance Levels: $260, $280, $300 Support Levels: $200, $180, $160 Yesterday, September 26, the ETHUSD pair was in a bullish trend. Price of the digital currency had been fluctuating above the $200 price level. Then at a price of $211.27, the ETH price made a bullish movement to the high of $222.39. Presently, the cryptocurrency is in a range bound movement and price may face resistance at the $220 price level. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 which indicates that price is in the sideways trend zone. ETH/USD Short-term Trend: Ranging On the 1-hour chart, the price of Ethereum is in a sideways trend. The digital currency is fluctuating between the levels of $200 and $220. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted October 1, 2018 Share Posted October 1, 2018 Bitcoin (BTC) Long Term Price Forecast BTC/USD Long-term Trend: Bearish Resistance Levels: $7,000, $7,200, $7,400 Support levels: $6,400, $6,200, $6,000 The overall trend for the price of Bitcoin in the month of September is a bearish trend. Price of Bitcoin has a balance of $7,036.25 at the beginning of September 2018. As at the time of writing, the capital has gone down to $6,490.75. In other words, the digital currency lost 7.66% of its capital. On September 5, the bulls were overcome at the $7,400 price level. The digital currency fell to the low of $ 6,169.30. Since then the bulls have not been able to recover their losses. For the bulls to be in equilibrium with the bears they have to break the levels $6, 500, $6,700 and $7,400 price levels. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted October 4, 2018 Share Posted October 4, 2018 Ethereum (ETH) Daily Price Forecast – October 4 ETH/USD Medium-term Trend: Ranging Resistance Levels: $260, $280, $300 Support Levels: $200, $180, $160 Yesterday, October 3, the price of Ethereum was in a bearish trend. The ETH price fell from the high of $230.11 to the low of $ 217.32 and commenced a bullish movement. The $200 price level is the major support level of Ethereum, therefore traders should initiate long trades at this level in anticipation of a bullish trend. The ETH price is expected to reach and break the resistance at $240. The price of Ethereum is trading at $225.57 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend zone. ETH/USD Short-term Trend: Bullish On the 1-hour chart, the price of Ethereum is in a bullish trend. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates an a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted October 8, 2018 Share Posted October 8, 2018 Litecoin (LTC) Long Term Price Forecast LTC/USD Long-term Trend: Ranging Resistance Levels: $60, $70, $80 Support levels: $50, $40, $30 The LTCUSD pair had been in a range bound movement in the month of September 2018. It has an opening balance of $62.07 but closed with a balance of $60.39 as at the end of the month. The digital currency fluctuates between the levels of $50 and $65. As a trader, you can make partial profits as the digital currency ranges between the range bound zone. You can initiate a long trade at the lower level of price range and exit at the upper level of price range and Price is currently fluctuating at the lower level of price range and it is expected at the upper price level. Meanwhile, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 38 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted October 11, 2018 Share Posted October 11, 2018 Bitcoin (BTC) Daily Price Forecast – October 11 BTC/USD Medium-term Trend: Bearish Resistance Levels: $7,000, $7,200, $7,400 Support levels: $6,100, $5,900, $5,700 Yesterday, October 10, the BTC price was in a Bearish trend. The bulls had been holding the price above $6,500 in the last ten days. This cause Bitcoin to be stagnant and range bound above the $6,500 price level. Today, the bulls have succumbed to the bearish pressure. The bears have broken the $6,500 price level and price is approaching the $6,200 price level. The next move is likely to be the $5900- $6,000 price levels. Traders are to look out for buy setups at the end of the bearish trend. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. BTC/USD Short-term Trend: Bearish On the 1-hour chart, the BTC price is in a bearish trend. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The Relative Strength Index period 14 is level 18 which indicates that the market is oversold signaling bear’s exhaustion and suggesting bulls to take control of the market. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted October 15, 2018 Share Posted October 15, 2018 Ethereum (ETH) Long Term Price Forecast ETH/USD Long-term Trend: Bearish Resistance Levels: $350, $370, $390 Support Levels: $180, $160, $140 Last month of September, the price of Ethereum had been on a range bound movement. In September, Ethereum had an opening balance of $282.80 but fell to the low of $196.60. Later it commenced a range bound movement all through the month to close at a price of $228.62. In the month of October, Ethereum was in a range bound movement for ten days before the bearish trend. Ethereum is currently trading at $199.78 as at the time of writing. Price is expected to rise as the digital currency has reached the oversold region. Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted October 18, 2018 Share Posted October 18, 2018 Litecoin (LTC) Daily Price Forecast – October 18 LTC/USD Medium-term Trend: Ranging Resistance Levels: $66, $68, $70 Support Levels: $46, $44, $42 Yesterday, October 17, the price of Litecoin was in a sideways trend. On October 15, the digital currency had a price rally which made the price to reach the high of $62 but pulled back to the low of $56. Litecoin had been fluctuating below and above the $56 price level. As the crypto's price is consolidating, the key levels of the market are not evenly apart. Therefore trading is not recommended until when price is out of the range-bound zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone. LTC/USD Short-term Trend: Ranging On the 1-hour chart, LTC price is in a sideways trend. However, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In addition, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
BitcoinExchangeGuide Posted October 22, 2018 Share Posted October 22, 2018 Bitcoin (BTC) Long Term Price Forecast BTC/USD Long-term Trend: Ranging Resistance levels: $7,200, $7,400, $7,600 Support levels: $6,400, $6,200, $6,000 The BTC/USD pair had been range bound since the beginning of the month. The digital currency commences a range bound movement each time price test the $6,800 price level. On September 21, the crypto's price reached the high of $6,782, and the price fell to a range bound movement. Also, on September 27 and October 15, the bulls tested the $6,800 resistance level and were repelled. Price was ranging above the $6,600 before the BTC price had a downward fall. The crypto's price is ranging at a price of $6,301.66. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com Link to comment Share on other sites More sharing options...
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