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Ethereum, Binance Coin and Bitcoin Price Analysis – Aug 14




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Bitcoin has been pumping since yesterday as it has managed to stay above the $ 47,000 mark. Ethereum also moved above $ 3K and noted the $ 3329.94 resistance mark. Finally, Binance Coin Binance tried to retest $ 406.90 after posting a 2.4% increase in the last 24 hours.

Ethereum

Ethereum posted 4.9% as prices stood at $ 3,298.35. The alt held above the $ 3K mark and could now target its immediate resistance at $ 3329.94. The four-hour chart for ETH showed bullish momentum in price for the upcoming trading sessions. The London Hard Fork may also catapult higher prices to hit the $ 4K mark.

Awesome Oscillator showed green signal bars and stayed above the midline. A bullish crossover followed by green histograms was visible on the MACD, indicating a bullish price movement.

Bollinger Bands opened slightly, highlighting an increase in market volatility. In the event of a drop below the current price level, the immediate support level was at $ 3099.

Binance Coin

Ethereum, Binance Coin and Bitcoin Price Analysis - Aug 14

BNB / USD, TradingView




After an increase of 2.4%, BNB was valued at $ 406.90 at press time. BNB technical data showed mixed signals. BNB tried to retest its resistance level of $ 406.90 and if it fails to maintain that level during the immediate trading sessions, BNB could touch the support line of $ 389.53.

In correspondence of mixed signals on the chart, Awesome Oscillator showed a red signal bar after a series of green signal bars. MACD approached a bearish crossover as the green histograms decreased in size. BNB also showed a bearish divergence on the MACD indicator.

The Relative Strength Index, however, remained bullish as it hovered above the 60 mark that indicates the buying strength in the market. In case prices move higher, the immediate resistance area remains at $ 411.77.

Bitcoin

Ethereum, Binance Coin and Bitcoin Price Analysis - Aug 14

BTC / USD, TradingView

Bitcoin saw a 4.3% increase in prices in the last 24 hours and traded at $ 47,009. It marked a multi-month high for BTC as it touched $ 47K. It had finally managed to rise and stay above the $ 45K resistance level and is now targeting $ 47999.00.

Bitcoin technical data remained bullish, the MACD noted a bullish crossover followed by the green signal bars on the Awesome Oscillator. Buying pressure it rose from bearish territory to above 60, which signified an increase in bullish control on the Relative Strength Index.

In the event of a price reversal, Bitcoin could find immediate support at $ 45,002.

This is a machine translation of our English version.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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