Bitcoin Cash – Tanks ABC
Bitcoin Cash ABC went back down Saturday, slipping by 14.26% to the bottom of a 1.66% drop on Friday, to close the day at $ 174.57.
A bullish start to the day saw Bitcoin Cash ABC move to an early morning intraday high of $ 211.33, breaking through the first major resistance level of the day at $ 209.21 before returning to a limited afternoon.
Tracing the broader market, a sell-off at the end of the day saw Bitcoin Cash ABC plunge through the day's main support levels to a low intraday of $ 161.85, before recovering to $ 170, the combined value of BCH ABC and SV to $ 229.83, quite a decline from the pre-fork of $ 500 levels.
At the time of writing, ABC BCH was down 5.2% to $ 165.5, a mixed start to the day that saw BCH AB rise to a morning of $ 183.43 before sliding into a low morning $ 165.47 , the main levels of support and resistance not left tested in the beginning.
For the day ahead, a backtrack in the morning of $ 183.43 will support an afternoon rebound, with BCH ABC going into the $ 183 level by early afternoon to support a $ 200 level race to take the first major level. of resistance of the day at $ 203.32 in plays before any withdrawal.
Failure to return to $ 183 could see BCH ABC linger deep in the red, with a fall of up to $ 162 levels that will likely bring the first major support level of the day to $ 153.84 and $ 140 in play before any recovery.
Litecoin hits $ 20
Litecoin slipped by 9.86% on Saturday, reversing the 1.15% gain on Friday with interest, to close the day at $ 28.6, marking its first visit to $ 20 from mid-June last year.
After rising to an intraday start of $ 32.98, an inverse trend returned, with Litecoin slowing down the day ahead of a sell-off at the end of the day that saw Litecoin slip through the first major level of support at $ 30.42 and second support level greater at $ 29.16 for an intraday low and new swing $ 27.67 before stabilizing.
At the time of writing, Litecoin fell 4.34% to $ 27.36, with Litecoin rising to a maximum of $ 28.99 for the morning, before returning to a low morning of $ 27.1, i main levels of support and resistance of the day not tested at the beginning.
For the day ahead, a return from $ 28.99 to $ 29.75 would bring $ 30 levels and the first major support level of the day to $ 31.83 in play before any pullback, Litecoin is likely to face much resistance in any run at $ 30 levels to bet Litecoin back from a break from the first major resistance level.
Failure to overcome the morning maximum could see Litecoin recover the first major level of daily support for $ 26.52 to $ 25 to bring the second important level of support of the day into play for $ 24.44 before recovery, the new morning swing at $ 27.1 giving the bears full control soon.
Ripple sees more red
Ripple's XRP fell 8.3% on Saturday, after falling 2.88% on Friday, to close the day at $ 0.38021.
Following the package, Ripple's XRP switched to a high intraday day start of $ 0.42873, holding above the FIB retracement level of 23.6% to $ 0.4164 before slowing down, Ripple's XRP sold 23.6% of the FIB by late morning, before the broad base delayed the day of the sale.
Ripple's XRP outperformed its first major daily support level at $ 0.3975 and the second main support level at $ 0.3803 at an intraday low of $ 0.3687 before it stabilized. Ripple's XRP manages to keep well above the swing in mid-August at $ 0.24478 despite heavy losses this week.
At the time of writing this article, Ripple's XRP had fallen from 11.22% to $ 0.33756, passing through the early morning seeing the XRP Ripple video from the beginning of a $ 0.38213 high day to a minimum of $ 0.33838, the reversal that saw Ripple's XRP fall into the first major of the day support level at $ 0.3564 to request the & # 39; assistance at the second main support level at $ 0.3325.
For the next day, a return to highs from $ 0.38213 to $ 0.39 would have supported a run of $ 0.40 levels, with ample market-based recovery needed to bring the first major resistance level of the day into play at $ 0.4164.
Failure to climb the morning high would see Ripple's XRP surge the rest of the day, pullback through the second support level higher at $ 0.3325 bringing $ 0.30 levels into play before any recovery. 39; Ripple's XRP seeing its resilience tested through the weekend.
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