July 13th evening technical analysis: BTC, ETH, XRP, ZEN, DIA, TOMO, HBAR
Bitcoin (BTC) trades in a range of $ 31,300 to $ 40,550.
Ethereum (ETH) has completed its first wave of crossover.
XRP (XRP), DIA (DIA) and Horizen (ZEN) have broken the descending resistance lines.
TomoChain (TOMO) has regained the important horizontal zone at USD 1.96.
Hedera Hashgraph (HBAR) trades on a descending parallel channel.
Bitcoin (BTC)
As of May 19th, BTC has been consolidating in a range of $ 31,300 to $ 40,550. It fell as low as $ 32,658 on July 12 after creating a bearish candle, but has since risen again.
Despite the rebound, technical indicators are trending down on the daily timeframe. The RSI is still below 50 and the MACD has created a lower momentum bar. In addition, the stochastic oscillator created a bearish cross.
Hence, the price is likely to fall back to support the range.
BTC / USDT daily chart | Source: TradingView
Ethereum (ETH)
ETH has risen since it hit a low of $ 1,700 on June 22nd. So far it has hit a high of $ 2,410 before falling.
The fall caused a fracture beneath a rising wedge. Currently, ETH is trading just above the fib retracement support of 0.618 at $ 1,968.
Perhaps the wedge is the beginning diagonal wave. If so, ETH is expected to rebound towards the $ 2,880 horizontal resistance area.
ETH / USDT 2-hour chart | Source: TradingView
XRP (XRP)
XRP has been moving along a descending resistance line since June 1st. It made four unsuccessful breakouts before moving over that line on July 4th.
After two days the course reversed and confirmed it as support (green symbol).
When the price starts to rise, the nearest resistances are found at $ 0.80 to $ 0.87. Those targets are the 0.5-0.618 fib retracement resistance levels.
XRP / USDT 6-hour chart | Source: TradingView
Horizon (ZEN)
ZEN has been moving along a descending resistance line since May 8, after hitting a high of $ 169.23. It made five unsuccessful breakouts before surpassing that line on June 30th.
However, it has not yet initiated any significant upward movement. In addition, technical indicators are relatively neutral.
The next resistance is at $ 93.91. This is the 0.382 fibonacci retracement resistance.
Daily ZEN / USDT chart | Source: TradingView
DIA (DIA)
DIA has been moving along a descending resistance line since May 20th. As it followed, the price fell to a low of $ 0.921 on June 22, but has since risen again.
On July 6th, it broke out above this descending line of resistance. So far, it hit a high of $ 1.57 on July 13th.
Technical indicators for the daily time frame are bullish. The RSI is above 50 and moving up and the stochastic oscillator has created a bullish cross. In addition, the MACD is in positive territory.
The next resistance is at $ 2.79.
Daily DIA / USDT Chart | Source: TradingView
TOMO
TOMO has risen since May 19th. On July 2nd, it broke a descending resistance line that had been in place since April 10th.
Shortly thereafter, the price returned to the $ 1.96 area which is now likely to act as support.
TOMO continued to hit a high of $ 2.51 before going down. The high was taken very close to the 0.618 Fib retracement resistance.
Technical indicators are increasing. The MACD is in positive territory, the RSI is above 50 and the stochastic oscillator has created a bullish cross. As long as TOMO is trading above the $ 1.96 zone, the trend is still described as bullish.
Daily TOMO / USDT Chart | Source: TradingView
HBAR
The HBAR has fallen within a descending parallel channel since March 15. It continued to hit a low of $ 0.138 on June 22, but bounced back almost immediately afterwards, leaving a long wick below.
Additionally, the low has confirmed the $ 0.155 area as support.
There are several bullish divergences.
Hence, HBAR is expected to regain the centerline of the channel and possibly move towards the resistance line of the channel.
Daily HBAR / USDT Chart | Source: TradingView
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
SN_Nour
According to Beincrypto
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Analysis
July 13th evening technical analysis: BTC, ETH, XRP, ZEN, DIA, TOMO, HBAR
Bitcoin (BTC) trades in a range of $ 31,300 to $ 40,550.
Ethereum (ETH) has completed its first wave of crossover.
XRP (XRP), DIA (DIA) and Horizen (ZEN) have broken the descending resistance lines.
TomoChain (TOMO) has regained the important horizontal zone at USD 1.96.
Hedera Hashgraph (HBAR) trades on a descending parallel channel.
Bitcoin (BTC)
As of May 19th, BTC has been consolidating in a range of $ 31,300 to $ 40,550. It fell as low as $ 32,658 on July 12 after creating a bearish candle, but has since risen again.
Despite the rebound, technical indicators are trending down on the daily timeframe. The RSI is still below 50 and the MACD has created a lower momentum bar. In addition, the stochastic oscillator created a bearish cross.
Hence, the price is likely to fall back to support the range.
BTC / USDT daily chart | Source: TradingView
Ethereum (ETH)
ETH has risen since it hit a low of $ 1,700 on June 22nd. So far it has hit a high of $ 2,410 before falling.
The fall caused a fracture beneath a rising wedge. Currently, ETH is trading just above the fib retracement support of 0.618 at $ 1,968.
Perhaps the wedge is the beginning diagonal wave. If so, ETH is expected to rebound towards the $ 2,880 horizontal resistance area.
ETH / USDT 2-hour chart | Source: TradingView
XRP (XRP)
XRP has been moving along a descending resistance line since June 1st. It made four unsuccessful breakouts before moving over that line on July 4th.
After two days the course reversed and confirmed it as support (green symbol).
When the price starts to rise, the nearest resistances are found at $ 0.80 to $ 0.87. Those targets are the 0.5-0.618 fib retracement resistance levels.
XRP / USDT 6-hour chart | Source: TradingView
Horizon (ZEN)
ZEN has been moving along a descending resistance line since May 8, after hitting a high of $ 169.23. It made five unsuccessful breakouts before surpassing that line on June 30th.
However, it has not yet initiated any significant upward movement. In addition, technical indicators are relatively neutral.
The next resistance is at $ 93.91. This is the 0.382 fibonacci retracement resistance.
Daily ZEN / USDT chart | Source: TradingView
DIA (DIA)
DIA has been moving along a descending resistance line since May 20th. As it followed, the price fell to a low of $ 0.921 on June 22, but has since risen again.
On July 6th, it broke out above this descending line of resistance. So far, it hit a high of $ 1.57 on July 13th.
Technical indicators for the daily time frame are bullish. The RSI is above 50 and moving up and the stochastic oscillator has created a bullish cross. In addition, the MACD is in positive territory.
The next resistance is at $ 2.79.
Daily DIA / USDT Chart | Source: TradingView
TOMO
TOMO has risen since May 19th. On July 2nd, it broke a descending resistance line that had been in place since April 10th.
Shortly thereafter, the price returned to the $ 1.96 area which is now likely to act as support.
TOMO continued to hit a high of $ 2.51 before going down. The high was taken very close to the 0.618 Fib retracement resistance.
Technical indicators are increasing. The MACD is in positive territory, the RSI is above 50 and the stochastic oscillator has created a bullish cross. As long as TOMO is trading above the $ 1.96 zone, the trend is still described as bullish.
Daily TOMO / USDT Chart | Source: TradingView
HBAR
The HBAR has fallen within a descending parallel channel since March 15. It continued to hit a low of $ 0.138 on June 22, but bounced back almost immediately afterwards, leaving a long wick below.
Additionally, the low has confirmed the $ 0.155 area as support.
There are several bullish divergences.
Hence, HBAR is expected to regain the centerline of the channel and possibly move towards the resistance line of the channel.
Daily HBAR / USDT Chart | Source: TradingView
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
SN_Nour
According to Beincrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
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