Bitcoin, Ethereum & Ripple – American Wrap: 11/14/19

Bitcoin Technical Analysis: BTC/USD Vulnerable To Fresh Wave Of Selling

  • Bitcoin price is trading in positive territory, up some 1.30% in the second half of the session. 
  • BTC/USD vulnerable to a fresh wave of selling pressure, as key support is being breached.
  • Next major support to the downside would be back within the $7000 price territory.

Ethereum Technical Analysis: ETH/USD Extreme Narrow Conditions Subject To A Breakout

  • Ethereum price is trading marginally in the red, down 1.90% the session on Thursday.
  • ETH/USD trading within very narrow conditions, the daily range is $180-195.
  • The price continues to have difficulty trading to break down the resistance ahead of the big $200 mark.

Ripple’s XRP Technical Analysis: XRP/USD Testing A Critical Near-Term Daily Support

  • Ripple’s XRP price is trading with the red by some 1.80% in the session on Wednesday. 
  • XRP/USD is within the control of the market bears, running towards its fifth consecutive session in the red. 
  • The price is trading at its lowest levels in almost two weeks. 

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