RATE Group | Bitcoin, Ripple & Ethereum – Asian Wrap April 16
85900
post-template-default,single,single-post,postid-85900,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin, Ripple & Ethereum – Asian Wrap April 16

17 Apr Bitcoin, Ripple & Ethereum – Asian Wrap April 16

Posted at 14:22h in Cryptocurrency News by

Bitcoin Price Analysis: BTC/USD bears take control, the price breaks below the SMA 20

BTC/USD fell from $6,876.98 to $6,712.75 this Wednesday as it continues to consolidate in a triangle formation. The bearish price action dropped BTC/USD below the SMA 20 curve. The upward trending line needs to hold firm to inhibit further price drop. The MACD indicates decreasing bullish momentum, while the Elliott Oscillator has had five straight red sessions.

 

Ripple Price Analysis: XRP/USD drops by 5.35% in four hours as bears stay in cruise control

XRP/USD charted its fourth consecutive bearish day, as the price dropped from $0.1806 to $0.176 in the early hours of Thursday. In the process, the price dropped below the triangle formation and the SMA 20. The bulls will need to garner enough momentum to break above the upward trending line to reverse bearish sentiment.

 

Ethereum Price Analysis: ETH/USD bears retain control as they test the SMA 20

ETH/USD…

Source link

Tags:
, , , , , ,