Crypto Technicals: ETH/USD recovery capped at 200H MA, break below 78.6% Fib (141.35) to knock prices lower
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
Crypto Technicals: BTC/USD finds selling pressure at highs, bias remains bearish as long as 21-EMA resistance holds
Crypto Technicals: Bitcoin continues grind higher, edges closer to the crucial $10,000 mark
BTC/USD chart - Trading View
Exchange - Coinbase
Support: 9387 (5-DMA); Resistance: 9948 (April 2018 high)
Technical Analysis: Bias Bullish
King Coin extends upside past $9800 to hit new multi-month highs at 9812.06.
BTC/USD trades with a bullish bias and momentum could carry the pair to test $10,000 mark.
Oscillators have approached overbought levels, bit no signs of reversal seen.
MACD and ADX suggest upside continuation. Price action has broken above 38.2% Fib retracement and eyes crucial $10K mark.
Bulls could find stiff resistance at weekly cloud at 10153. Breakout of weekly cloud required for upside continuation.
5-DMA is immediate support at 9388. Minor correction could test 21-EMA support at 8655.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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