Cryptocurrencies Outlook – Friday, April 20

Discretionary outlook based on charts

2:46 am. Bitcoin is still capped by its 50 daily moving average

Bitcoin is stuck in a bearish pattern of “lower highs and lower lows”. It was not able to break its $9000 “higher high” level.

Bitcoin is being continuously pushed down by its 50 daily moving average. If Bitcoin breaks above this resistance, it will probably retest its $10k resistance level.

2:41 am: Ethereum has broken out above its 50sma. Next resistance at $640.

Unlike Bitcoin, Ethereum has broken out above its 50 daily moving average. Its next resistance is at $640 (prior supports).

2:35 am: Bitcoin Cash has broken out above its 50sma. Next resistance at $1200 (100sma).

Unlike Bitcoin, Bitcoin Cash has broken out above its 50 daily moving average. Its next resistance is at $1200 (100 daily moving average).

2:24 am: Ripple has broken out above its 50sma. Next resistance at $1.1

Unlike Bitcoin, Ripple has broken out above its 50 daily moving average. Its next resistance is at $1.1 (prior support and resistances).