Support Bitcoin’s to $ 88.8 in focus after the trendline break; XRP EIES Death Cross

This is a daily technical analysis of COINDESK analysts and an authorized market technician, OMKAR Godbole.

Bitcoin’s (BTC) Movement for weekend weekends attracted the support level of $ 88,800, which are focused on payments, it seems to be a cryptocurrency in salary, it seems close to a graph sample certificate as a “cross death”.

The BTC fell 1.5% on Sunday (UTC), diving from trends merging orders achieved 9. April and 20. April, according to the graphs they received from Tradingviev.

The mood of growing trendline, demand zones, indicates that Rally recovery from 9. April abruptly launched his course, suggesting potential for renewed suitcase. Prices are crossing below Cloud Ichimok to Hourly, Swing Indicator, also suggests the same.

On the other hand, 888,800 dollars could serve as a key level of support, previously limited strokes up 24. and 2. April, indicating that it can act as a critical price if tested again.

The Budska Polish chart set up the risk of risk in renovated above the clouds of Ichimok, which would return the Bukovskoum prospects for the 100K.

XRP mortal cross

The recovery of the KSRP from April 7 also ran out of money, and the prices fall below the 50-day simple movement (SMA).

The more importantly, the 50-day SMA appears on the way to crossing below the 200-day SMA in what is known as the long-term death indicator.

The upcoming death cross, against the background of the total trend down from mid-January, raises the risk of deeper sale. Note, however, that the minutes of the death cross in the prediction of pricing trends and in Bitcoin and traditional markets.