Market Overview

Bitcoin, Ethereum & Ripple - American Wrap: 12/5/2019

Bitcoin, Ethereum & Ripple - American Wrap: 12/5/2019

Bitcoin technical analysis: BTC/USD edging out of a bullish flag structure

Bitcoin price is trading in positive territory, up some 2.60% in the second half of the session. 

BTC/USD price action has broken out from a bullish flag structure via the daily view.

There is a chunky barrier of resistance seen from $7500-800 price range. 

Ethereum Technical Analysis: Looking for a technical flag break to indicate a move higher

Ethereum has consolidated into a flag pattern on the 4-hour chart.

The main support level is at 144.20, while resistance is at 158.36.

There is also resistance at the top of the chart pattern and a break of 152.00 would break the pattern.

Ripple's XRP technical analysis: XRP/USD forming a potential double bottom

Ripple's XRP price is trading in the green by some 1.30% in the session on Thursday.

XRP/USD price action is forming a potential double bottom via the daily view.

Eyes are on the neckline area of $0.2300-50 range of the noted formation. 

Image Sourced from Pixabay

Posted-In: Bitcoin crypto marketCryptocurrency News Eurozone Forex Global Markets


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