Bitcoin technical analysis: BTC/USD consolidating ahead of a potential explosive out
- Bitcoin price is trading in positive territory, down some 0.30% in the second half of the session.
- BTC/USD price action is moving within a narrowing pennant structure, subject to a breakout.
- Big resistance barrier should be noted at $9500, a breakdown here could provide a fresh wave to buying pressure.
Ethereum technical analysis: ETH/USD has an opportunity for greater heights
Ethereum price is trading in the green, up 2.70% the session on Monday.
ETH/USD price action is largely narrowing, which has been in the case for going on six weeks now.
A strong barrier of resistance is observed at the psychological $200 mark.
Ripple's XRP technical analysis: XRP/USD big $0.3000 barrier
Ripple's XRP price is trading with the red by some 1.55% in the session on Friday.
XRP/USD is struggling to push back above the $0.3000 price mark.
Should the bulls break down 0.3000, it would likely open the door to a fresh wave of selling pressure.
Image Sourced from Pixabay
See more from Benzinga
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.