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Crypto market after having a steep fall in the past 48-50 hours and almost a pale trading duration in the past few days, now seems to show a hope of surge. This has always remained subject to speculation and volatility, but the crypto lovers and loyalists have never given up their investment avenues and have always considered cryptocurrency as the prime investment.
In the boom market, the investors have earned massively out of their investments and foresee to have a similar Bull Run in the upcoming time. And the ones who do not believe this power may suffer from FOMO!!
BTC/USD:
The below chart is a data feed taken from Coinbase at 04:26 UTC as on 24th August.
As per the above 7-day movement of the coin, we see that the coin is rightly trading above $10,000 at $10,364.99 after trading as low as low as $9767.32. BTC price has fallen by a colossal amount of 10.85% from a high of $10,956.45 to the latter price mark. It is currently trading 6.11% above than the lowest of the said time period.
The MACD of the coin is moving in a bearish divergence as the signal line just crossed the MACD line. The RSI of the coin remains within the limits without having any extremities in the overbought or oversold region. With this the coin continues to trade with a selling pressure. The 10-day SMA ($10,384.49) or the short moving average remains near to the current trading price, while the 50-day SMA ($10,709.88) is 3.32% more than its latter price. Important to note that the 10-day EMA ($10,455.56) is above the 10-day SMA and the current trading price.
XRP/USD:
The chart is a data feed from Coinbase at 04:42 UTC as on 24th August.
Ripple has manifested a notable price decline against U.S.Dollar over the last 1 month, however the leading altcoin saw a surge yesterday which is witnessing a slight pullback since today morning. If we look at XRP’s 1-month chart, we can see how the coin has stepped down from its price range above $0.31. The coin initially saw a mild price rise to $0.3316 from $0.3161. XRP faced a rejection above $0.3316 and returned to the price range of $0.30 before seeing a sharp fall to $0.2393, with a decline of 27.83%.
XRP price had traced an upward correction from $0.28 but couldn’t move beyond. After tracing a price dip, XRP is currently trading at $0.2738 at 04:42:05 UTC.
Ripple’s short term SMA line (10-days) is about to climb above its long term SMA line (50-days), which indicates a bullish sentiment. Moreover, RSI for the coin is near 50, showing no extremities. MACD chart also shows positive signs as its MACD line is above its Signal line.
ETH/USD:
The chart is a data feed from Coinbase as on 24th August at 04:30 UTC.
Tracing the 5-day movement of the coin, we see that the coin was rightly trading above $200 at $203.96 at 19th August. The coin had a downward stride which took ETH to trade below $200 at the support price of $180.26 on 21st August. Since then the coin has been trying to gain the momentum to cross $200 again but has had a lot of failed attempts. Currently the coin is trading with a surge of 6.74% at $192.41 from the price mark of $180.26.
The coin trades with a solid selling pressure as the total recovery is ought to take a lot time and a persistent trading above $200. The MACD of the coin just had a bearish crossover as the signal line crossed the MACD line with RSI moving towards the oversold region, but above 40.
The short term 10-day moving average ($191.52) is slightly lower than the current trading price, while the 10-day EMA ($194.34) is 1% more. The long term SMA (50-day) $223.30 is 16% above the current trading price. But all these indicators point towards the selling pressure that ETH is currently facing.
DOGE/USD:
The below chart is a data feed taken from Bittrex at 04:51 UTC as on 24th August.
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Initially in this month, Dogecoin was hitting highs with its bullish price trend. In July, the crypto coin was ranging within $0.2810 to $0.2973. Dogecoin price opened at $0.002900 this month and within a week it gradually surged to $0.003224 and then corrected below $0.0030. after that the coin has not traced any such remarkable price rise, in fact it faced a steady drop to $0.0024 with a price decline of 23.64%. the coin since then has been correcting up and is at $0.00258 at 04:51:04 UTC.
RSI for the coin is near 50 which points out to its stable nature at present. However, MACD for the coin is about to enter bearish zone with its MACD line moving below its Signal line. Also, since the start of this month, Dogecoin price has seen decrease of 11.34%. For further details go through Dogecoin long term prediction and keep an eye on the future price ups and downs of the currency.
LTC/USD:
The chart is a data feed taken from Coinbase at 05:00 UTC as on 24th August.
As observed from the above chart, the coin has manifested a downward stride ranging from $79.10 to $70.07. The downward trendline shows the movement of LTC to the tune of 11.41%. in just 2 days. The coin tried hard to gain from the low of the said time frame by trading around $76 just to pullback again and currently trades at $74.10.
The MACD of the coin exhibits the volatility of LTC and is currently in the negative horizon below 0 with a bearish crossover of the signal line over the MACD line.
The RSI of the coin ranges around 40 with no extremities at present.
TRX/USD:
The chart is a data feed taken from Binance at 05:19 UTC as on 24th August.
The 5-day movement of TRX against USD shows that the coin has suffered a major pullback in the previous days when is fell from $0.0176 to $0.0161 on 21st August by 8.52%. The downward stride of the coin has been quite easy and breezy. But, the coin with all its potential tried to climb up again and reached $0.0184 yesterday i.e. 23rd August. This move took the coin to gain by approximately 14%. Tron couldn’t hold tight and it fell to currently trade at $0.0179 by 2.82%.
The MACD of the coin seems to have a bearish crossover with a movement towards the negative horizon below 0. The RSI of the coin is above 40, which seems to be majorly inclined towards the oversold region.
The current trading price is 2.36% more and over 35% less than the coin’s respective 10-day SMA ($0.0174) and 100-day SMA ($0.0278). The 10-day EMA ($0.0179) of the coin remains close to the current trading price.
XLM/USD:
The chart is a data feed taken from Coinbase at 05:23 UTC as on 24th August.
Stellar coin has been witnessing a constant decline in its price since the start of the month. XLM had closed the month of July with its price above $0.085. The coin remained above $0.080 till 6th August and then it took a gradual price fall, which found a support below $0.075. From here, XLM coin started a price recovery which couldn’t clear the resistance above $0.080 and tumbled to see bottom at $0.065. Since then, XLM is in a hassle to strike a strong price rebound above $0.075. At 05:23:24 UTC, Stellar is trading with its price at $0.069.
RSI is just above 50 indicating its current stable momentum. Meanwhile, MACD appears bullish as its MACD line is above its signal line.
ADA/USD:
The chart is a data feed taken from Binance at 05:41 UTC as on 24th August.
Cardano holds quite similar price sentiment as that of Stellar as ADA has also seen a substantial price loss since 1st of August. The coin was above $0.060, and it has traced a heavily bearish price path after that. ADA seems to have a support at $0.047 and also at $0.0437. The firstly mentioned support level has caused the coin to jump above $0.055. But, the second support level is yet to push the price to any remarkable height. At 05:41:29 UTC, Cardano is trading at $0.049 with a price decline of 18.33%.
Currently Cardano’s long term SMA line (50-days) is below its short term SMA line (10-days) which indicates a bullish price move. RSI for the coin shows a stable momentum and MACD gives positive signs too, as its MACD line is above its Signal line.
EOS/USD:
The below chart is a data feed taken from Coinbase at 06:03 UTC as on 24th August.
EOS has fallen with a substantial amount, when observed the 25-day movement of the coin. At the onset of August the coin was trading around $4.343. Around 6th August the coin rose as high as $4.575, but EOS lost 27.7% with a steep downward stride trading at $3.305. After that the coin has notably rose by 10% and is currently trading at $3.646.
The MACD of the coin is facing a bearish crossover as the signal line crosses the MACD line with moderate volatility. The RSI of the coin is near 40 with no extremities at present.
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The coin trades with a selling pressure and is bitterly low from its 100-day SMA ($5.470) and 10-day EMA ($3.685) and slightly above its 10-day SMA ($3.628).
BCH/USD:
The chart is a data feed taken from Coinbase as on 24th August at 06:05 UTC.
Tracing the past 25-day movement, we see that BCH has traded near to $360 and as low as $290 in the past days. The coin is currently trading at $314.03. The RSI of the coin is slightly above 50 and shows no extremities. The MACD of the coin is approaching for a bullish crossover as the MACD line seems to cross the signal line.
The coin trades with a strong selling pressure. The price is higher than the 10-day SMA ($312.57) and 10-day EMA ($313.80) of the coin while notably lower than the 50-day SMA ($327.74).
