• Sat, 24 Aug 2019, 10:17 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

FxWirePro: BTC/USD hovers around 5-DMA, consistent break above 1h 100-SMA to see minor upside

Mon, 10 Sep 2018, 07:38 am UTC

(Refer BTC/USD chart on Trading View)

BTC/USD managed to close above 78.6% fib retracement of 5880 and 7125.28 on September 9 after it fell to 6094.

It is currently hovering around 5-DMA at 6324 at the time of writing (Bitstamp).

The pair’s upside is currently capped by 6367 (1h 100-SMA) and a consistent break above would see it testing 6405 (23.6% retracement of 7411.85 and 6094.38)/6500. Further strength would target 6591 (2h 90-EMA)/6740 (10-DMA).

On the downside, support is seen at 6207 (78.6% retracement of 5880 and 7125.28) and any violation would target 6158 (trend line joining 5774.72 and 5995.75)/6094 (September 9 low). Further weakness would drag it to 6000/5920 (February 6 low).

Technical indicators are bearish on the daily chart and intraday charts.

Watch out for a break above 1h 100-SMA for minor upside in the pair.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,005.80 (-1.56%)
  • Ethereum (ETH) $188.98 (-1.31%)
  • XRP (XRP) $0.268300 (-1.24%)
  • Bitcoin Cash (BCH) $304.50 (-1.20%)
  • Litecoin (LTC) $72.49 (-1.55%)
  • Bitcoin (BTC) $10,005.80 (-1.56%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft