BTC, ETH, XRP, XMR, REP, COCOS, SOL — Technical Prognosis July 14

Bitcoin (BTC) is trading within a selection between $31,300 and $40,550. 

Ethereum (ETH) has done a number one diagonal sample.

XRP (XRP) and Augur (REP) hang broken out from descending resistance traces.

Monero (XMR) is trading within a descending triangle.

Cocos-BCX (COCOS) is within the formula of breaking out from a descending resistance line.

Solana (SOL) is trading within a symmetrical triangle.

Bitcoin (BTC)

BTC has been trading in a selection between $31,300 and $40,550 since Could well also fair 19.

It has been spirited downwards since June 12. On June 14, it managed to reach a low of $31,663, very near the toughen of the vary.

The ongoing decrease has caused technical indicators to flip bearish. The MACD has given a bearish reversal model and the Stochastic oscillator has made a bearish defective (crimson icon). Furthermore, the RSI is below 50.

Alternatively, BTC is trading at a confluence of transient toughen ranges that can also provoke a bounce.

BTC Chart By TradingView

Ethereum (ETH)

ETH has been lowering since July 7 after it reached a excessive of $2,361. The downward switch caused it to ruin down from an ascending wedge.

Up to now, ETH has reached a low of $1,865. The low used to be made very near the 0.786 Fib retracement toughen level of $1,850.

Indicators elevate out no longer demonstrate any certain bullish reversal signs but, despite the the RSI having proper fallen into oversold territory.

The upward switch looks love a done main diagonal. Which ability that of this fact, it’s possibe that ETH soon switch toward the $2,880 horizontal resistance keep. 

ETH Chart By TradingView


On June 1, XRP started lowering alongside a descending resistance line. After four unsuccessful attempts, it lastly managed to catch away on July 4. 

Following the breakout, it returned to the toll road and validated it as toughen (green icon).

Whereas it has but to galvanize a essential upward switch, there is a bullish divergence in field within the RSI.

The following closest resistances level may perchance presumably per chance be discovered at $0.80-$0.87. These targets are the 0.5-0.618 Fib retracement resistance ranges.

XRP Chart By TradingView


XMR has been following a descending resistance line since Could well also fair 18. Up to now, it has touched the toll road four times, most currently on July 6. 

The essential toughen keep is discovered at $190. It bounced from this suport on June 26 (green icon), and has been increasing since. 

Alternatively, when mixed with the descending resistance line, this toughen kinds a descending triangle. This formation is on the total conception to be a bearish sample.

Technical indicators are fair. The MACD is on the 0-line whereas the RSI is spirited freely above and below the 50-line. 

Whether or no longer XMR closes below this keep or breaks out above the resistance line will likely resolve the route of the future pattern.

XMR Chart By TradingView


REP had been following a descending resistance line since Could well also fair 20. It managed to catch away on July 6 and validated the toll road as toughen two days later (green icon).

On July 14, it initiated a essential upward switch and has elevated by 32% to this level. 

Technical indicators are bullish and toughen the continuation of the upward switch. This is specifically evident by the RSI defective above 50. 

The essential resistance keep is discovered at $26.34. This is the 0.382 Fib retracement resistance level. 

REP Chart By TradingView


COCOS has been spirited downwards beneath a descending resistance line since March 11, after it had reached a excessive of $1.87. It hit a low of $0.285 on Could well also fair 23. COCOS has been spirited upwards since then and created a elevated low on June 22. 

At demonstrate, it’s making an try at breaking out above the aforementioned descending resistance line. Technical indicators are bullish, supporting the chance that COCOS will keep success in doing so. 

The following resistance level is discovered at $0.89 (the 0.382 Fib retracement resistance keep).

COCOS Chart By TradingView


SOL has been trading within a symmetrical triangle since Could well also fair 18. Up to now, both the toughen and resistance traces had been validated loads of times. Most currently, SOL bounced on the toughen keep on July 14. 

Technical indicators are somewhat fair. 

Alternatively, the triangle is transpiring after an upward tear, this ability that fact a breakout may perchance presumably per chance be likely. 

If it does, the closest resistance may perchance presumably per chance be discovered at $45.20. This is the 0.618 Fib retracement resistance keep.

SOL Chart By TradingView

For BeInCrypto’s most smartly-liked bitcoin (BTC) diagnosis, click right here.


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