Technical analysis of Bitcoin, Ethereum, Binance Coin, Cardano, Ripple, Dodge Coin, Polkadot, Uniswap, Bitcoin Cash and Chainlink prices for today (August 19) is as follows:
Weekly technical analysis of bitcoin prices
The price of Bitcoin on Saturday managed to cross the resistance barrier of $ 45,451.67 and reached the resistance of the 200-day moving average (SMA200) at $ 44,954. The next day, sellers tried to push the price back below $ 42,451.67, but were unsuccessful.
The price of Bitcoin jumped from $ 42,451.67 yesterday and buyers managed to push the price above the simple 200-day moving average. If buyers can stabilize the price of Bitcoin above this moving average, it can be said that the downtrend is over.
In this case, there is a possibility of jumping to the next resistance area at $ 50,000 to $ 51,500. We are expected to see heavy resistance in this area.
If the price falls below this level but remains above the simple moving average of 200 days, the probability of continuing the upward trend is strengthened. Breaking $ 51,500 also paves the way for $ 60,000.
If the price falls below $ 42,451.67, it is likely to fall to the next support at $ 36,670.
- Resistances: 50,000 – 51,500 – 60,000
- Supports: 42,451,67 – 36,670
Weekly technical analysis of Ethereum prices
On Saturday, Ethereum prices crossed the $ 3,000 psychological resistance marking the possible end of the downtrend. The sellers tried to trap the aggressive buyers by lowering the price below 3,000, but they did not give up.
Buyers are currently looking to continue the uptrend to $ 3,500. Their next goal is $ 4,000 psychological resistance. However, it should not be forgotten that the recent rally has pushed the Relative Strength Index (RSI) into the buy saturation range.
This indicates that the rally has progressed too far in the short term and there is a possibility that the price will stabilize or correct. A break of $ 2,893.23 and a stabilization below this level will be the first sign of a weakening uptrend. In this case, $ 2,500 is a possible price destination.
- Resistances: 3,500 – 4,000
- Supports: 2,893,23 – 2,500
Weekly Technical Analysis of Binance coin Price
The Bainance Quinn price closed above $ 340 on Friday. When the price reached this level, the ascending triangle pattern was completed. Sellers tried to bring the price of Bainance Coin to the point where the digital currency had begun to jump, but Bainance Coin revived at the level of a simple 200-day moving average at $ 328. This shows that buyers are buying on the floor.
Binance coin could begin its leap toward the $ 433 resistance. We are expected to see heavy resistance from vendors in this area.
If the price falls below this level, in the coming days we are likely to see cross fluctuations around $ 340. Breaking the price below the simple 50-day moving average (SMA50) at $ 308 could lead to a sell-off.
On the other hand, closing above $ 433 would mark the end of the correction period. In this case, there is a possibility of starting another uptrend and reaching $ 520.
- Resistances: 433-520
- Supports: 340 – 328
Weekly Technical Analysis of Cardano Price
Cardano’s price fell below $ 1.5 on Sunday, but buyers did not give up. By buying on the floor, they are now looking to push Cardano’s price to the top of the resistance.
If buyers are able to push the price above $ 1.5, it is likely that we will see an upward trend to the resistance of $ 1.94. This level will act as a strong resistance, but if buyers do not hand over the convoy to sellers, it is likely that the uptrend will continue.
On the other hand, a fall in price from $ 1.5 increases the probability of falling to moving averages. Closing the price below the moving averages will indicate that buyers are losing control of the market. In that case, the key $ 1 support would be Cardano’s potential destination.
- Resistances: 1.5 – 1.94
- Supports: 1
Ripple Price Weekly Technical Analysis
Ripple traded above $ 0.75 on Saturday and the 200-day moving average at $ 0.79. As the Ripple price crossed these levels, the twin floor pattern was completed. Yesterday we saw the price jump again from the previous jump level, which shows that buyers have turned the resistance level into a support.
If buyers push the price above $ 0.84, one can expect the Ripple price to reach the resistance range of $ 1 to $ 1.07. The break of this area and the closing of its high price will mark the beginning of another upward trend.
In addition, if the price falls from the resistance ahead, it is likely that Ripple will reach the simple moving average of 200 days. Price recovery from this support could cause cross-fluctuations between $ 1.07 and $ 0.75. Sellers will try to bring the Ripple price below the simple 50-day moving average at $ 0.65 to gain the upper hand in the market.
- Resistances: 0.84 – 1.07
- Supports: 0.75 – 0.65
Dogecoin Weekly Technical Analysis
The Dogecoin stabilized in the $ 0.21 resistance range on Saturday in favor of buyers. Sellers set a strong resistance at $ 0.29 a day later, while buyers did not allow the price to fall below $ 0.21, which is a positive sign.
Buyers will now try to push the price above $ 0.29 again. If they succeed, the Dogecoin could move up to $ 0.35. We are expected to see heavy resistance in this area.
On the other hand, if the price falls below $ 0.29, the price is likely to fall to $ 0.21 and cross-day fluctuations for several days. Breaking the 200-day moving average at $ 0.20 and closing below the price range could lead to a key support of $ 0.15.
- Resistances: 0.29 – 0.35
- Supports: 0.21 – 0.20 – 0.15
Weekly technical analysis of Polkadot prices
Polkadot is facing strong resistance in the $ 21 range, but since buyers did not show much weakness, it can be considered a positive sign. This indicates that buyers do not close their positions in anticipation of a further increase in the price of Polkadot.
If the price crosses the $ 21 resistance, it is likely to start a jump to $ 26.5. The simple 200-day moving average at $ 27 is just above this resistance, and sellers are likely to take this level seriously.
If we see a fall from this resistance, we can expect to reach $ 21. A strong recovery from $ 21 indicates that buyers are buying on the floor. On the other hand, a break of $ 21 could lead to a fall to the simple 50-day moving average at $ 15.46.
- Resistances: 21-27
- Supports: 15.46
Weekly technical analysis of Uniswap prices
The Uniswap price crossed the 200-day moving average on Friday, with buyers successfully defending the support on Sunday. This indicates that a simple 200-day moving average will henceforth act as a support.
Buyers are likely to call everyone who looks appropriate, if there are only a few. If they succeed in doing so, it can be concluded that the downtrend is over. In this case, you can expect the upward trend to start at $ 37 and then $ 44.
On the other hand, if the price falls below $ 30, it is likely to fall back to the simple 200-day moving average. A price break below this support would indicate that buyers have lost control of the market. In this case, a reduction to 23.45 will be possible.
- Resistances: 30-37-44
- Supports: 23.45
Bitcoin Cash Price Technical Analysis
The price of Bitcoin Cash crossed the resistance of $ 546.83 on Friday. After passing this resistance, the twin floor pattern was completed. Buyers did not allow the surface from which the jump started to break in the last three days; An issue that is considered a positive sign.
Bitcoin Cash is currently trading above the 200-day moving average at $ 639. Buyers in this area are likely to encounter heavy resistance. Crossing this level and closing its high price may pave the way to reach the target of the twin floor pattern at $ 710.13.
On the other hand, if the price falls below the simple 200-day moving average, there is a possibility of stabilization in the coming days between the moving averages. Breaking the price below the simple 50-day moving average at $ 493 increases the probability of falling to $ 450.
- Resistances: 639 – 710.13
- Supports: 493 – 450
Weekly Technical Analysis of Chainlink Price
On Sunday, sellers tried to bring the Chinese link below $ 22.07, but were unsuccessful. This shows that the sentiment in the market has become positive and traders are buying on the floor.
Buyers are now trying to push the price above the $ 26.48 resistance. We are expected to see widespread resistance at this level. If the price falls below this level, it is likely that Chainlink will fluctuate between $ 26.48 and $ 22.97 in the next few days.
A jump above the simple 200-day moving average and the closing of the price in this area will indicate that the downtrend is over. In this case, there is a possibility of jumping to $ 32 and then $ 35.33. On the other hand, a break of $ 22.07 opens the way for a further fall to the simple 50-day moving average at $ 18.9.
- Resistances: 26.48 – 32 – 35.33
- Supports: 22.97 – 18.9