Bitcoin (BTC) reached the resistance area of 40,550, but could not break through.
Ethereum (ETH) broke through the descending resistance line after creating a double bottom model .
XRP (XRP) and ICON (ICX)also created double-bottom models, but were unable to start moving up.
Monero (XMR) broke through the descending resistance line after deflecting below the horizontal support area of $192.
Kava.io (KAVA) is trying to break through the resistance area of $5.17
NEM (XEM) created a higher minimum and regained the horizontal support area of 0.135.
On July 26, BTC rose significantly, reaching a high of $40,581 near the highs of the range.
However, higher prices could not be supported, and BTC formed a long upper wick (red icon) and declined.
It is currently trading around $37,400.
Technical indicators on the daily timeframe are gradually becoming bullish. The RSI is above 50, the stochastic oscillator has made a bullish intersection, and the MACD is growing and has almost moved into positive territory.
On June 26 and July 20, ETH reached a double bottom inside the horizontal support area of $1,760. This bullish pattern was also combined with bullish divergences on the MACD, RSI and stochastic oscillator indicators.
After that, ETH managed to grow and break through the descending resistance line. He is currently trying to test the line as a support.
If successful, the next nearest resistance area will be found around $2,850.
Similar to ETH, XRP also created a double bottom model on June 22 and July 20. In addition to this, this pattern was combined with bullish divergences in the MACD, RSI and stochastic oscillators.
However, XRP has not yet made a significant upward movement, although it has broken through the descending resistance line.
The nearest resistance area is at $0.80. This is the resistance level of the Fibonacci retracement of 0.382.
XMR has been declining under the descending resistance line since May 18. Throughout the entire downward movement, it repeatedly bounced off the horizontal support area of $192.
This seems to have created a descending triangle, which is usually considered a bearish pattern.
However, after a deviation below the horizontal support, XMR managed to break through.
It has been rejected by the $225 horizontal resistance area and is currently trying to find support. The next resistance level is at $285.
KAVA has been moving up since May 17 and has so far reached two higher lows. On July 23, it broke through the descending resistance line, which had been maintained since the April highs.
It is currently trying to overcome the $5.17 resistance. This is both the horizontal resistance area and the resistance level of the 0.5 Fibonacci correction.
If it succeeds, it will probably rise to the next resistance at $6.95.
The ICX has been following the descending resistance line since May 20. On June 22 and July 20, it reached lows around $0.63, creating a double-bottom model.
Although it has been growing since then, the ICX has not yet broken through the aforementioned descending resistance line.
This will most likely lead the ICX to the resistance area at $1.05. This is both the resistance level of the Fibonacci correction 0.5, and the horizontal resistance area.
NEM has been moving up since June 22. On July 14 and 20, it created higher lows, thereby confirming the ascending support line.
However, he created a short-term double-top model, which is combined with bearish divergences on the RSI and MACD. Therefore, another re-test of the ascending support line may occur.
The next resistance target is at the level of $0.24.