Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BTC/USD rejected at 21-EMA, scope for resumption of weakness on break below 200H MA (7331)

Mon, 02 Dec 2019, 05:07 am UTC

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 7331 (200H MA); Resistance: 7500 (5-DMA)

Technical Analysis: Bias Bearish

BTC/USD was trading 0.68% lower at 7353 at 04:40 GMT, intraday bias is bearish.

The pair is extending weakness for the 3rd consecutive session, scope for further downside.

Recovery attempts in the pair have been capped at 21-EMA, price has slipped below 5-DMA.

Major trend has been bearish and rejection at 21-EMA will likely see downside resumption.

The pair is currently holding support at 200H MA at 7331, break below will see weakness.

Technical studies support downside. MACD failed to make the bullish crossover on signal line.

5-DMA, Stochs and RSI are all biased lower on the daily charts. Stochastics RSI is on verge of rollover from overbought levels.

Break below 200H MA will see dip till 110W EMA at 6889 ahead of channel base at 6100.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,479.21 (-2.11%)
  • Ethereum (ETH) $231.94 (-4.46%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $240.59 (-3.93%)
  • Bitcoin SV (BSV) $193.69 (-3.81%)
  • Bitcoin (BTC) $9,479.21 (-2.11%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.