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Cryptocurrencies Outlook – Friday, April 20

By Kurt Osterberg · On April 20, 2018

Discretionary outlook based on charts

  • If Bitcoin breaks above its 50sma, next target is $10k. Otherwise still bearish.
  • Ethereum has broken out above its 50sma. Next resistance at $640.
  • Bitcoin Cash has broken out above its 50sma. Next resistance at $1200 (100sma).
  • Ripple has broken out above its 50sma. Next resistance at $1.1
  • 2:46 am. Bitcoin is still capped by its 50 daily moving average

    Bitcoin is stuck in a bearish pattern of “lower highs and lower lows”. It was not able to break its $9000 “higher high” level.

    Bitcoin is being continuously pushed down by its 50 daily moving average. If Bitcoin breaks above this resistance, it will probably retest its $10k resistance level.

    2:41 am: Ethereum has broken out above its 50sma. Next resistance at $640.

    Unlike Bitcoin, Ethereum has broken out above its 50 daily moving average. Its next resistance is at $640 (prior supports).

    2:35 am: Bitcoin Cash has broken out above its 50sma. Next resistance at $1200 (100sma).

    Unlike Bitcoin, Bitcoin Cash has broken out above its 50 daily moving average. Its next resistance is at $1200 (100 daily moving average).

    2:24 am: Ripple has broken out above its 50sma. Next resistance at $1.1

    Unlike Bitcoin, Ripple has broken out above its 50 daily moving average. Its next resistance is at $1.1 (prior support and resistances).

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