Bitcoin, Etherium, Ripple, Litecoin, Monero & Etherium Classic TA for today - 21st September 2016

in #beyondbitcoin8 years ago

BTCUSD 4HR ANALYSIS (BITSTAMP)

As expected price has broken out of the corrective structure to the downside, we should now see $580 area being swiftly tested and once there a possible break to the downside out of the large corrective structure would see the price plunging further down.


Key Levels:

Support: 580

Resistance: 610


ETHBTC 4HR ANALYSIS (POLONIEX)

Etherium continues the up trend and is expected to rise further once again before we see any downside in the short term.


Key Levels:

Support: 0.02169019

Resistance: 0.02777635


XRPBTC 4HR ANALYSIS (POLONIEX)

Ripple continues to correct down after the big impulse up and we can expect price to go down slowly towards bottom trend line of the large corrective structure. Even though prone to small spikes to the upside along the way down it is not expected to be sustained.


Key Levels:

Support: 0.00001014

Resistance: 0.00001254


LTCBTC 4HR ANALYSIS (POLONIEX)


Litecoin is currently forming a corrective structure that has the possibility to break down too, but a break to the downside would be limited and I am still in favor of a bigger move to the upside.


Key Levels:

Support: 0.00624713

Resistance: 0.00637951


XMRBTC 4HR ANALYSIS (POLONIEX)

Monero has broken our of the channel to the upside as expected, currently pulling back slightly as a correction but should be held around 0.01569541 if it is to reach that lower and is once again expected to go up as a new up trend develops.


Key Levels:

Support: 0.01569541

Resistance: 0.02347388


ETCBTC 4HR ANALYSIS (POLONIEX)

Etherium classic is looking like it is forming a bottom in the down trend and so far attempts to below this area have held, we can now expect price to go up once again. If we are able to make it above 0.00254179 it would signal a stronger up trend and we will see further upside.


Key Levels:

Support: 0.00196219

Resistance: 0.00254179


Disclaimer: The information contained herein is not     guaranteed, does not purport to be comprehensive and is strictly for     information purposes only. It should not be regarded as investment or     trading advice. The author does not warrant the accuracy,  correctness,  or completeness of information in its analysis and  therefore will not   be  held liable for any loss incurred.     


About me: I specialize in trading market breakouts,  if    you like my analysis and want to see analysis in other areas like   forex, commodities and indices you can find me in tradingview.com here or contact me through my website www.thepiphunter.com 

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