The weekly technical analysis digital currencies: April

           

 April saw a good recovery digital currencies with the improvement of the level of market liquidity because of the entry of new players, digital currency market since the 12 of this month followed the pace of the upward adjustment after falling wave which lost a large part of the digital currency market value.

Holistic analysis note that during the week; some exchange to make significant growth compared between exchange the 20 most market value, where it was the best weekly performance is the share of currency of EOS, up to 64%, followed by the Bitcoin cash currency by 53% and then you see TRX by 44%, while on the other hand, the new currency is less than the currency rise, growing Weekly $0.52% only nevertheless remain Ethereum China (New Neo as called by some) Replace the surprise.

It is also interesting that the price movements of currencies against the hidden digital Bitcoin which can be seen as an appropriate way to assess the performance of other digital currency toward each other, as do many of the exchange well in this regard, where it notes the good performance of many currencies like Bitcoin Ethereum, cash and EOS, ICX, TRX.

Technical analysis of "Bitcoin"

 Outwore Bitcoin well scaling the level of 7000 dollars to boil over the level of 9768 dollars which reaffirmed the vital importance of digital currency market as a whole.

During the trip to the new Bitcoin Bitcoin beat on the line downward trend corrected, and stopped some time at the level of 9000 dollars, giving an opportunity to rearrange the upward momentum, during the day us upward pattern of systematic nature (the triangle) at the level of 9000 dollars and cross this level could Bitcoin that touches the level of 9768 dollars.

But at the level of approximately $9324, stands in front of a big challenge Bitcoin is the first level of the Fibonacci levels, in addition to that this level is also the resistance level because it represents the base of the REFLEXIVE pattern (bilateral summits), which is when the price reached in March last year to the level of 11,700 dollars.

Although Bitcoin managed to overcome this level but he returned by the below 9000 dollars because of excessive procurement (as it shows us the relative strength index on the frem today) which requires a corrective movement which already obtained by descending price from 9700 to 8900 dollars.

Note that the macd indicator (frem today) has improved scaling from the lowest to the highest area, which refers to the predominance of the upward momentum on the downward momentum.

At the present time must muster new Bitcoin upward momentum after the current corrective wave which can overcome the first level of the Fibonacci levels to move strongly toward targeting the second level of the Fibonacci (38.2%), which stands at approximately $11,400.

Bitcoin was able to overcome the second level retracements are (38.2%) will open the door wide for digital currency market Multithreaded remarkable price movements, when this level will be completed for us the pattern of REFLEXIVE resort falling movement that started in December of last year, this pattern is a bilateral al Qaeda (the base of this pattern stands at the level of 6400-6000) This pattern can be seen clearly in the chart Bitcoin to frame today.

As for the Corrective Movement is likely to continue until the current level of approximately $8,400, the continuous decline in the price to this level does not constitute a threat to the current rise could still considered acceptable according to the base of the peaks and valleys.

Technical analysis of "Ethereum"

 The interesting things is to trace the movement of digital currency for Bitcoin as mentioned, it is through this so clearly to us that the performance of most of the better performance of the digital currency Bitcoin (despite the fact that Bitcoin is the real leader of digital currencies), and this is reflected in the good performance of the rise in the value of other currencies against Bitcoin.

Ethereum having lost much of its value before the Bitcoin, which reached its lowest level during the recent period of its arrival to 0.006 5.3% of the value of Bitcoin at the end of March last year; could return and enhance its value against Bitcoin Currently to 7.2% after it had reached 7.57%, would try to Ethereum during the coming period to restore the full value of the Lost, which had reached 12.3% at the height of the success of the Ethereum.

On the other level, we note that the Ethereum stands in a better position than the Bitcoin, Ethereum having rid of the nightmare of the line downward trend, taking advantage of the liquidity of the currency market recently flowed into digital alphabetization; could Ethereum skip the first level of the Fibonacci price stability above unlike Bitcoin prices returned to go to him.

With the arrival of the upward momentum to peak and excessive in procurement, as indicated by the relative strength and macd indicators in the chart Ethereum to frame the 4 hours ago it was a corrective movement, however, as stated above the Ethereum prices still the first level of the Fibonacci levels which is good.

It is also worth mentioning is that the macd indicator on the frem today refers to the improvement of the upward momentum by scaling up the central area of the index.

Technical analysis of "Bitcoin Cash"

 

Bitcoin cash deserve attention and follow up by investors, this is the currency could be called a gigantic monster next year, we may hide a lot of Surprises this year, where some people in the belief that it will be one of the most prominent currencies perform during the coming period, one says that if Bitcoin can give you 8 units of Bitcoin cash at the end of the year will not be able to Bitcoin only given 2 units of Bitcoin cash only in the sense that the growth of Bitcoin cash would be 4 times the growth of Bitcoin.


Bitcoin cash during the recent period has been able to close 6 consecutive daily green spark plugs, and stands in circulation at the time of the preparation of the price of this analysis at the level of 1327 dollars. Bitcoin was able cash during the recent rise which started on the 12th of April that achieved significant growth reached 150% when the price rose from $600 to $1,500, compared with Bitcoin Find That Bitcoin has achieved in the recent period of $44% (when rose from 6700 to 9700 dollars), it is really the currency deserve attention.

Bitcoin is currently facing cash point of resistance to the task, at the level of approximately $1,600, perhaps you will need a strong upward momentum to overcome this point, either of the following corrective movement could be up to 1089 dollars.


The upward momentum already cache addressing the extremist areas which we reflected the relative strength index on the frame today and thus, it is likely to be delayed beyond the resistance level of 1,600 dollars for some time because of the strength of this level and to gather enough upward momentum in the EBBS.


Finally, we draw attention to the level of liquidity is surprising given the currency Bitcoin cash during the recent period, which can be seen in chart 4 hours ago annex on the platform of Binance.