Weekend Chart Pack: Bitcoin (BTC) Futures, Bitcoin Cash (BCH), Ripple (XRP), Stellar (XLM)

April 12, 2019 / by Bill Noble

Bitcoin (BTC) futures found support near a high volume price near $4,990. This seems to be an encouraging sign that dip buyers were out there (Figure 1).

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Bitcoin Cash (BCH) is holding near the bottom of the major gap from the hard fork. The level is $274. This seems to be a key level because the $274 was formerly resistance and is now acting as support. If $274 holds, $382 could be next (Figure 2).

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Stellar (XLM) is finding great support near $0.11. That level is the location of a neckline from a head and shoulders bottom along with a high volume price (Figure 3).  If $0.11 acts as support, $0.18 may be the ultimate technical target.

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Ripple (XRP) has arrived back at a high volume price and the bottom of an upward sloping range (Figure 4). If support holds, a move to $0.50 is possible.

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Bottom Line: The crypto market appears to be in dip buying mode. That seems like an obvious positive heading into the weekend.

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