• Sun, 08 Dec 2019, 05:48 PM
  • All times are UTC
  • Edition:
    International
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.
More
  • Bitcoin (BTC) $7,579.13 (+0.19%)
  • Ethereum (ETH) $151.57 (+1.66%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.69 (+0.28%)
  • Litecoin (LTC) $46.16 (+0.75%)
  • Bitcoin (BTC) $7,579.13 (+0.19%)
Dec 8, 2019 (Sunday)
10:32
Investment group acquires green light from the SEC for Bitcoin Futures fund
10:16
SEC taps British court to acquire deposition from former Telegram chief investment advisor
Dec 6, 2019 (Friday)
13:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:24
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:19
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
11:18
South Korean consortium to provide blockchain-based ID services via mobile app in 2020
10:31
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
10:00
Bitfury launches enterprise blockchain platform ‘Exonum Enterprise’
08:44
CULedger reveals an EFT payment solution for credit unions in collaboration with R3, Luxoft
07:37
Reserve Bank of India governor against the development of private digital currencies
07:34
Ripple asks court to dismiss XRP securities lawsuit in latest filing ahead of court meeting
07:30
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
05:47
Blockchain firm Figure Technologies hits $1.2B valuation after closing $103M Series C round
05:03
Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios
04:42
Galaxy Digital-backed Flipside Crypto hires Accenture Managing Director Matt Bridges as COO
04:23
Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA
03:56
Canadian mining firm goes belly up; Owes local, federal government hundreds of thousands
03:54
New crypto derivatives trading platform Phemex can manage 300,000 TPS, says core developer
03:51
Microsoft creates blockchain-based incentive scheme with Enjin to recognize active members of Azure community
Dec 5, 2019 (Thursday)
13:09
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft