Cryptocurrency Strikes Back | Bokka
Subscribe Telegram

Cryptocurrency Strikes Back

Bokka Crypto Technical Analysis

Cryptocurrencies broke bottom border of the Donchian channel on March 24 while MACD crossed below zero line – it was a “SELL” signal.

BTC/USD

Bokka Crypto Technical Analysis BTC/USD 28.03.18

Bitcoin broke the bottom border of the Donchian channel on March 24 at the level of $8,570 while MACD crossed below zero line – it was a “SELL” signal. BTC was on a downward trend until March 27. Since then BTC is in the flat range between $8,054 and $7,680. If BTC breaks the top border of the Donchian channel and MACD crosses above zero line – it will be a “BUY” signal. On the other hand, if BTC drops below the lower border and continues its sell-off, we will stay away and wait for a new entry point at the lower level.

ETH/USD

Bokka Crypto Technical Analysis ETH/USD 28.03.18

Ethereum broke bottom border of the Donchian channel on March 24 at the level of $518 while MACD crossed below zero line – it was a “SELL” signal. The downtrend has not been accelerated until 9am UTC on March 26 when the sharp decline started. Now ETH is in the lower half of the Donchian channel, and downfall most likely to be continued. If ETH breaks top border of the Donchian channel at the level of $465 and MACD crosses above zero line – it will be a “BUY” signal. On the other hand, we stay away and wait for a new entry point at the lower level.

XRP/USD

Bokka Crypto Technical Analysis XRP/USD 28.03.18

Ripple broke bottom border of the Donchian channel on March 24 at the level of $0.53 while MACD crossed below zero line – it was a “SELL” signal. The downtrend has not been accelerated until 9am UTC on March 26 when the sharp decline started. Now XRP is in the narrow range between $0.50 and $0.47. If XRP breaks top border of the Donchian channel and MACD crosses above zero line – it will be a “BUY” signal. On the other hand, we stay away and wait for a new entry point at the lower level.

LTC/USD

Bokka Crypto Technical Analysis LTC/USD 28.03.18

Litecoin broke bottom border of the Donchian channel on March 24 at the level of $159 while MACD crossed below zero line – it was a “SELL” signal. The downtrend has not been accelerated until 9am UTC on March 26 when the sharp decline started. Now LTC continues its free fall with the current price of $130 at post time. We consider new buying opportunity at the level of $142 if LTC reverses and breaks top border of the Donchian channel and MACD crosses above zero line – it will be a “BUY” signal. But until then we stay away and wait for the end of the current downward spiral that can retest February lows at the level of $105.

BCH/USD

Bokka Crypto Technical Analysis BCH/USD 28.03.18

Bitcoin Cash broke bottom border of the Donchian channel on March 24 at the level of $973 while MACD crossed below zero line – it was a “SELL” signal. The downtrend has not been accelerated until 9am UTC on March 26 when the sharp decline started. Now BCH continues its free fall with the current price of $842 at post time. We consider new buying opportunity at the level of $885 if BCH reverses and breaks top border of the Donchian channel and MACD crosses above zero line – it will be a “BUY” signal. But more likely we will see this current bloodbath to be continued until February lows at the level of $745 will be reached.

Back to Blog