• Fri, 20 Sep 2019, 06:13 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further

Thu, 22 Aug 2019, 03:29 am UTC

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 9446 (110-EMA); Resistance: 10392 (5-DMA)

Technical Analysis: Bias Bearish

BTC/USD edges higher from session lows at 9759, trades 1.98% lower at 9929 at 03:15 GMT.

The pair is extending weakness for the 3rd straight session after upside was rejected at 20-DMA resistance.

Price action briefly dipped below 100-DMA to test 38.2% Fib at 9765, technical studies are bearish.

Stochs are RSI are sharply lower and RSI is well below 50 levels. Intraday volatility is rising.

Price action rages in 'Symmetric Triangle pattern and breach below Triangle base could plummet prices further.

Next major support lies at 110-EMA at 9448. Immediate resistance is at 5-DMA at 10406. Break above 20-DMA required for upside continuation.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,147.30 (+0.91%)
  • Ethereum (ETH) $216.58 (-1.81%)
  • XRP (XRP) $0.289900 (-4.35%)
  • Bitcoin Cash (BCH) $313.75 (-1.13%)
  • Litecoin (LTC) $74.42 (-3.11%)
  • Bitcoin (BTC) $10,147.30 (+0.91%)
Sep 20, 2019 (Friday)
14:09
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
14:08
Crypto Technicals: LTC/USD Technical Analysis Summary
12:44
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:57
Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
10:17
Coinbase considers listing 17 new digital assets including Kadena and Telegram
10:08
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA
09:56
US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
08:41
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral
07:01
Square Crypto taps former Google, Facebook and Lightning Labs execs for inaugural developer team
06:22
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
06:22
Bank of America joins blockchain-based trade finance network Marco Polo
05:25
Patrick Byrne sells off his $100M Overstock stake to buy cryptocurrencies, blames 'deep state' and SEC
05:14
Early ethereum supporter Steven Nerayoff faces $12M cryptocurrency extortion charges
05:09
Crypto trader Genesis acquires Qu Capital to bolster trading technology
04:30
Crypto Technicals: IOT/USD Technical Analysis Summary
03:43
Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
03:40
All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
03:37
Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
03:34
IBM, Citibank, Ubisoft signed up as corporate partners of Singapore's blockchain accelerator Tribe
Sep 19, 2019 (Thursday)
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft