Bitcoin Cash and Ethereum Classic price analysis

Bitcoin Cash and Ethereum Classic price analysis
фото показано с : coinjournal.net

2020-8-5 16:06

BCH/USD faces strong resistance at $297 while ETC/USD bulls aim at retaking control above $7.35

Bitcoin price is consolidating around $11,200 as analysts forecast a slowdown in action before another upside arrives to take it to around $13,000.

The altcoin market is similarly seeing a cooling off in price action as major coins like Ethereum and XRP retreat to support levels below $400 and $0.30 respectively.

Two other coins likely to see some sideways trading before new uptrends arrive are Bitcoin Cash and Ethereum Classic — as both seek support above crucial price levels.

Bitcoin Cash analysis

Bitcoin Cash bulls are trying to prevent a slump to price levels below $288 as bears appear determined to seize control. On Tuesday, the price of Bitcoin Cash slipped to a low of $283 before recovering to close at $291. However, price declined 2% in early morning trading on Wednesday to exchange hands at around $288 on most major exchanges.

Price has also broken below the lower limit of a recently formed upward channel. Bulls must regain control and push prices to the upper line at $297, which acted as resistance during the last session.

If prices fall further, support levels are at the SMA 200 and SMA 20 at $272.50 and $263.01 respectively. On the upside, $297 and $314 provide areas of resistance.

BCH/USD price chart on TradingView Ethereum Classic analysis

Ethereum Classic price is trading at around $7.15 at the time of writing, unchanged from its prices at close on Tuesday. The bears appear to be in control as bulls have failed to break above $7.40 on three attempts this week.

Sellers managed to push ETC/USD to lows of $6.90 last week amid a network reorg that was initially thought to have been a 51% attack. Bulls quickly pushed prices above $7.30, touching highs of $8.23 as Ethereum Classic rallied alongside other cryptocurrencies on Bitcoin’s jump to $12,000.

ETC/USD price chart on TradingView

The MACD indicator on the ETC/USD 4-hour chart has formed a bearish divergence and the RSI is flatlining around 46.54. If bears manage to push prices further down, immediate support levels are at the 200-day and 20-day simple moving averages at $7.054 and $6.97 zones.

The upside might be capped at $7.40 and $7.65, above which bulls may revisit the resistance area around August 2 highs at $8.23.

The post Bitcoin Cash and Ethereum Classic price analysis appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cashcoin (CASH) на Currencies.ru

$ 0.0004289 (+0.63%)
Объем 24H $2
Изменеия 24h: -19.83 %, 7d: -30.46 %
Cегодня L: $0.0004262 - H: $0.0005443
Капитализация $22.93k Rank 99999
Доступно / Всего 53.458m CASH

analysis bitcoin price usd classic cash ethereum

Источник: coinjournal.net

analysis bitcoin → Результатов: 126


The End of Bitcoin Woes? BTCUSD Analysis October 11, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine a possible bottoming scenario in Bitcoin price based on a potential expanded flat correction and an ending diagonal. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 11, 2022 Bears and bulls are battling it out once again, each side trying to take control over daily momentum.

2022-10-12 22:51


Фото:

Bitcoin Price Analysis: $10,000 Sees Bulls Accumulating

Since the recent drop from $11,000 t0 $9,800 as outlined in my previous analysis on BTC, price levels have created an asymmetrical triangle and will see a breakout next week. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the asymmetrical triangle highlighted after the breakdown from the rising wedge as mentioned in my previous analysis on Bitcoin.

2019-8-27 20:14


Ethereum Leads in Active Developers, Bitcoin’s Developer Count Healthy, Litecoin and Dogecoin “Being Abandoned”

Ethereum is strongly leading in the total number of active developers working on both its core protocol and in total development; Bitcoin boasts a strong developer ecosystem 10 years after launch, while Litecoin and Dogecoin are “being abandoned,” according to an analysis by one crypto venture capital firm.

2019-3-18 08:50


Фото:

Litecoin Price Analysis: Hitting Major Resistance

The Litecoin (LTC) price continues to surge following an impressive run over the past month — but is it ripe for a pullback? Let’s take a look. Fibonacci Retracement If we take a look at the Fibonacci retracement tool and draw a simple line from the all-time high to its most recent bottom, we can see that the price of Litecoin (LTC) against Bitcoin (BTC) has largely respected each channel while stair-stepping upwards.

2019-3-16 10:30


Фото:

Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation.

2019-3-16 01:56


Today’s Top Crypto Coin Price Predictions: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and EOS Forecast

Welcome to Today's BitcoinExchangeGuide.com top cryptocurrency coin price prediction and forecast analysis overview. We will be reviewing four coins today in Bitcoin, Ethereum, Litecoin and EOS. Today's Bitcoin Price Prediction (BTC/USD) From yesterday things haven’t changed much for the price of Bitcoin as it is still hovering around the same level. On yesterday’s open the […]

2019-3-14 19:23


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Classic pulls back after rally fueled by ETF approval

ETC’s price has dropped by double digits in the last week. Despite the price dip, bullish momentum remains.  Following a post-ETF-approval rally, Ethereum Classic [ETC] has begun to shed The post Ethereum Classic pulls back after rally fueled by ETF approval appeared first on AMBCrypto.

Ethereum Classic (ETC) Resumes Uptrend, Notches 13% In The Last Day

Ethereum Classic (ETC) is currently experiencing a rise in its market price, gaining 13. 99% in the last 24 hours, according to data from CoinMarketCap.   Following the ETC’s dip in the last two days, it appears the bulls have retaken control of the market, pushing the coin to trade above the $20 mark for the first time since April.

Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit

Cardano (ADA) founder Charles Hoskinson described Ethereum Classic (ETC) as a scam project whose only purpose is for insiders to dump on recruits with false hopes. Ergo not invited to proof-of-work summit The statement was made in reaction to ETC Cooperative’s refusal to invite Ergo (ERG) to a Proof of Work summit organized by it and […] The post Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit appeared first on CryptoSlate.