Analysis

Cryptocurrency Price Analysis – April 16th to April 23rd

Cryptocurrency Price Analysis

Disclaimer: The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of ToshiTimes.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

A lovely week for cryptocurrency traders, who saw bullish signs with resistance levels broken.

Toshi Times analyses the top 5 cryptocurrencies according to market cap which are-

Bitcoin, Ethereum, Ripple, Bitcoin Cash and EOS.

BTC/USD (Bitcoin)

The BTC/USD at standard UTC of 13:23 on 23rd April is reported to be priced at $8938.4.

On April 16th at 00:00 it was 8388.9 which started to fall till 06:30 of April 18th at 7929.2.

Right after this it started to rise rapidly and is seen to maintain above the level of $8500.

The support levels of $8400 and $8600 has been broken and so the next resistance level will be at $9000.

ETH/USD (Ethereum)

The ETH/USD at standard UTC of 14:33 on 23rd April is reported to be priced at $643.98.

On April 16th 00:00 on 536.9 it started to fall till 06:30 of April 18th at $508.15.

Right after this it started to rise rapidly and is seen to maintain above the level of $580 after 11:00 21st April.

The support levels of $620 have been broken and so the next resistance level is at $650.

XRP/USD (Ripple)

The XRP/USD at standard UTC of 14:42 on 23rd April is reported to be priced at $0.87104.

On April 16th 00:00 on 0.69562 which started to rise above 0.76000 which was the support level on the 20th of April

Right after this it started to rise rapidly and is seen to maintain above the level of $.82000 after the 20th of April.

The next resistance level is at $0.95000.

BCH/USD (Bitcoin Cash)

The BCH/USD at standard UTC of 14:53 on 23rd April is reported to be priced at $1411.3.

On April 16th 00:00 on 784.1 which started to rise gradually but surely.

A bullish market is witnessed which has crossed above the major resistance level of $1000 and $1250.

The rallying has surpassed $1400.

EOS/USD

The EOS/USD at standard UTC of 15:01 on 23rd April is reported to be priced at $11.6390.

On April 16th 00:00 on $8.4730 which started to rise quite rapidly.

A bullish market is seen with EOS crossing above the major resistance level of $9 and $10.

The rallying is witnessed to move calmly above $12.

Image Source: “Flickr”

 

 


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