Market Overview

Bitcoin, Ethereum & Ripple - American Wrap: 11/13/19

Bitcoin, Ethereum & Ripple - American Wrap: 11/13/19

Bitcoin technical analysis: BTC/USD price is consolidating outside of bullish flag

  • Bitcoin price is trading in positive territory, up some 0.50% in the second half of the session. 
  • BTC/USD price action is within consolidation mode, failing to attract commitment. 
  • The bulls must again breakdown and hold above the $9000 price mark for greater upside.

Ethereum technical analysis: ETH/USD and its $15 range will break explosively

  • Ethereum price is trading marginally in the green, up 0.50% in the session on Wednesday.
  • ETH/USD has been stuck within narrow trading conditions since October 26.
  • There remains much in the way of a return to the $200 price mark.

Ripple's XRP technical analysis: XRP/USD vulnerable to further downside risks

  • Ripple's XRP price is trading with the green by some 0.40% in the session on Wednesday. 
  • XRP/USD has bounced off critical daily support for now at $0.2700. 
  • The price is vulnerable to further downside risks following the ascending channel breach.

Image by 3D Animation Production Company from Pixabay

Posted-In: Cryptocurrency News Eurozone Forex Global Markets Tech General


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