Bitcoin, EOS, Ethereum, and Ripple’s XRP Daily Tech Analysis September 22nd, 2020

by birtanpublished on September 25, 2020

Good morning this is bob mason from fx empire and welcome to the daily crypto tech review of bitcoin eos ethereum and ripples xrp you're looking at the macd's the moving averages and the data support and resistance levels

It is tuesday the 22nd of september jumping straight into bitcoin against the us dollar we're looking at the hourly candlesticks here given easy bitcoin move through the pivot 10 585 to support a run at the first

Major resistance level selling 10 850 can you need to see a broad base crypto recovery from yesterday's meltdown to support a breakout from 10 500 levels and break back through to

10 700 which has been a key resistance level of late so barring an extended crypto rally expect resistance at 10 700 to pin bitcoin back in the event of a

Rebound you could see bitcoin target resistance at 11 000 before any pullback okay to move through the pivot brings the first major support level selling at 10 171 into play buying another

Extended sell-off bitcoin should avoid sub 10 thousands second wage support level nine zero six looking at the macd we've got a bullish cross and a widening of the bullish histogram

Early this morning supported the early move northwards looking at the emas however we had that bearish cross late yesterday and we're seeing the 50 ema pull back

Away from the 100 and the 200 suggested of another bearish day ahead so failure to move through the pivot at 10 585 would bring another day in the red for bitcoin

Moving across to eos against the us dollars tracking the broader market finding some support early on u.s is going to move need to move through the pivot two point five five eight six hours support a run at the

First major resistance level sitting at two point six three six one gonna need to see support from the broader market for eos to break back three to two point six zero levels however so barring an extended rally on the day

Expect that first major resistance level to cap any upside failure to move through the pivot would bring the first major support level sitting at 2.4264 into play

By another extended sell-off the us should avoid second major sport levels in 2.3489 looking at the macd we're seeing after a narrowing of the bearish histogram

Histogram of widening this morning suggested of an early pullback and looking at the ema were also suggestive of a bearish day ahead we're seeing the 50 pulled back

From the 100 and the 200. so key through the morning will be to move through that pivot level at 2.5586 failure to do that and we're going to see that first motor support level come into play

Moving across ethereum against the us dollar tracking the border market early on it needs to theorem break through the pivot at 349.29 through to 350 levels to support a run

At the 38.2 fifa 367 and the first major resistance level of seven fifty eight you need to see broad-based crypto rebound for ethereum to break back through to

360 levels however expiring and extended rally on the day expect the 38.2 percent fifth and the first major resistance level to pin ethereum back failure to move through the pivot would

Bring the first major support level staying at 321.82 into play barring another extended selloff theorem should avoid second major support level saying at 303.3

And sub 300 looking at the macd we had a bullish cross late yesterday supportive of that upward move and through the early part of this morning widening that bullish instagram looking at the ema however we got the 50

Pull further back away from the 100 and the 200 after the bearish crosses yesterday we saw the 50 cross through the 100 and the 200 and 100 crossed through the 200 suggested a further downside ahead so

Failure to break back to 350 levels would bring further losses into play finally looking at ripples xrp against the us dollar also a positive start to the morning after an early pullback

Goodnight ripples xrp moved through the pivot at 0.2360 however to support a run at the first major resistance servicing at 24-27 you can only see broad-based crypto

Rebound for ripples xrp to break back through to 0.24 levels however so barring an extended crypto rally on the day that first major resistance level should cap any upside okay let's move

Through the pivot will bring the first major support level 0.2241 into play barring another selloff on the day ripple's xrp should avoid the second motorsport level saying 0.2174

Looking at the macd we've got a bullish cross supportive of the early move northwards with that widening of that bullish histogram as well supportive of that move looking at the emas however

We've got the 50 pull back from the 100 and the 200 after yesterday's bearish crosses suggested a further downside on the day ahead so failure to move through that pivot

0.560 would bring that first major support level and sub 0.22 levels into play before any recovery

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