| Digital Currency

Become a contributor

Bookmark Econotimes

| Digital Currency

U.S. Prosecutors Demand Three Years for Former Binance CEO Zhao Over Laundering

FxWirePro-Crude Oil Daily Outlook

FxWirePro-Silver Daily Outlook

Thailand Cracks Down on Unlicensed Crypto Exchanges to Curb Crime

FxWirePro: GBP/NZD consolidates around 2.0980,bias is bullish

Robinhood Unveils SHIB, AVAX, and COMP Listings for New York Traders, Expanding Crypto Access

FxWirePro- BTCUSD Daily Outlook

FxWirePro- AIOZUSD (Chart of the day)

FxWirePro: EUR/NZD downside pressure builds, key support level in focus

FxWirePro GBP/NZD drops on dovish BoE comments, more downside expected

FxWirePro: GBP/AUD attracts selling interest, vulnerable to more downside

Shiba Inu's Burn Rate Surges 2200%, Fuels Bullish Sentiment and Speculation on Future Price Gains

New Crypto Whale Snags 237.8 Billion SHIB Following Key Shiba Inu Blockchain Announcement

Philippines SEC Directs Google, Apple to Delist Binance App Over Investor Security Concerns

FxWirePro- Silver Daily Outlook

Bitcoin is halving again – what does that mean for the cryptocurrency and the market?

FxWirePro- Ethereum Daily Outlook

©Econometrics LLC . All Rights Reserved.

Crypto Technicals: BTC/USD hovers around 21-EMA (9690), potential 'Golden Cross' limits downside

Tuesday, February 18, 2020 4:46 AM UTC

BTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Slightly Bearish

GMMA Indicator: Major Trend - Bullish; Minor Trend - Bearish

Overbought/ Oversold Index: Neutral

Volatility: Shrinking

Support: 9690 (21-EMA); Resistance: 9936 (5-DMA)

BTC/USD was trading 0.82% higher on the day at 9780 at around 04:30 GMT.

The pair has paused downside at 21-EMA support (currently at 9690), weakness only on break below.

Correction on account of overbought oscillators is likely to be shallow as major trend still remains bullish.

MACD is showing a bearish crossover on signal line and a 'Death Cross' formation on the hourly charts keeps downside pressure.

That said, 21-EMA is strong support and a potential 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) limits downside.

5-DMA is biased lower and is now offering immediate resistance at 9936. Retrace above 200H MA (10056) could see upside resumption.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Bitcoin Surges Past Tesla in Five-Year Gains, Sparks New Interest in ETFs

US Supreme Court Signals Support for Starbucks in Landmark Labor Law Case

PUMA x Ottolinger Unveil Futuristic Collection Inspired by Motorsport and Sci-Fi

FxWirePro: GBP/AUD rebounds, critical resistance lies ahead

FxWirePro: EUR/NZD steadies as Eurozone PMI data helps longs take the reins

FxWirePro: GBP/NZD propelled towards 2.0990 by strong UK PMI data, good to buy on dips

Huawei Introduces Smart Driving Software Brand Qiankun

Can a drug like Ozempic help treat addictions to alcohol, opioids or other substances?

Tesla Nears FSD Licensing Deal with Major Automaker, Hits 1.3 Billion Milestone

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Crypto Technicals: BTC/USD hovers around 21-EMA (9690), potential 'Golden Cross' limits downside

Editor's Picks

Welcome to EconoTimes