• Tue, 19 Nov 2019, 06:50 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral

Fri, 20 Sep 2019, 07:49 am UTC

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 9600 (trendline); Resistance: 10508 (50-DMA)

Technical Analysis: Bias neutral to slightly bearish

BTC/USD pared losses on Thursday's trade, retraced from 3-week lows at 9585 to close in the green.

The pair is trading in a narrow range, with session high at 10309 and low at 10153 (Coinbase).

Volatility is extremely low and shrinking and indicators do not provide clear directional bias.

MACD and RSI are flat. ADX is rising and we see a -ve DMI dominance which tilts the bias to slightly bearish.

Long and short term moving averages have been trading flat, sideways grind along 55-EMA likely to continue.

Immediate resistance lies at 50-DMA at 10508, while 9600 (trendline) is strong support level.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,194.73 (-1.96%)
  • Ethereum (ETH) $176.03 (-2.60%)
  • XRP (XRP) $0.252900 (-1.29%)
  • Bitcoin Cash (BCH) $241.50 (-4.45%)
  • Litecoin (LTC) $55.40 (-2.77%)
  • Bitcoin (BTC) $8,194.73 (-1.96%)
Nov 19, 2019 (Tuesday)
13:22
Crypto exchange Gemini acquires NFT platform Nifty Gateway
12:05
Weibo suspends accounts of Binance and Tron amid fresh crackdown of crypto businesses in China
12:01
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:00
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:03
Crypto Technicals: XLM/USD breaks below 50-DMA, hits 3-weeks low (0.0645), bias bearish
10:48
Binance unveils fiat-to-crypto gateway for Turkey
09:44
U.S. SEC to review Bitwise’s Bitcoin ETF proposal; Reason behind the revisit still unclear
09:39
Factom wins second DHS SVIP award to develop blockchain-based anti-forgery solution
08:51
Blockchain-based payment processor RadPay secures $1.2M in a series seed round
08:33
National Advisory Council urges FEMA to adopt blockchain tech to increase aid efficiency for disaster-stricken areas
08:28
Crypto Technicals: BCH/USD breaks 4H 200-SMA support, hits 4-week lows at 237.50, bias lower
07:18
Nomura’s joint venture ‘Boostry’ releases official webpage of its security token platform
07:16
Fledgling crypto money lending platform raises $25M led by Andreessen Horowitz
06:59
Crypto Technicals: ETH/USD ends consolidation, break below 50-DMA and rising volatility support downside
06:26
Indian state of Telangana to adopt blockchain tech to fight fraudulent academic certificates
06:06
Crypto Technicals: LTC/USD breaks below 50-DMA, bias strongly bearish
05:18
German airline successfully uses first blockchain-powered tickets
05:15
SBI Ripple Asia, SBI Remit launch first Japan-Vietnam money transfer service using distributed ledger technology
04:45
Crypto Technicals: BTC/USD finds strong support at 55W EMA (7952), consolidation likely before next leg lower
04:10
Cashaa to cater U.S. crypto businesses; Account set-up fee is around $1,500
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft