Bitcoin Cash – ABC – Back in the Red
Bitcoin Cash ABC fell 3.28% on Monday, reversing most of the gain of 4.21% on Sunday, to close the day at $ 159.8.
A slow start to the day saw Bitcoin Cash ABC rise to an intraday high of the early morning of $ 165.73, not exceeding the first major resistance level of the day at $ 168.84 before hitting the opposite.
Reversal during the rest of the day, Bitcoin Cash ABC slipped through the 38.2% FIB of $ 163 and the first main support level at $ 159.32 at the end of the day low at $ 158.81 before returning to $ 159 levels to hold the first level main support for $ 159.32.
At the time of publication, Bitcoin Cash ABC was down 1.33% to $ 157.67, with Bitcoin Cash ABC slipping from a high morning $ 160.04 to a low $ 155.50 morning before returning at $ 157, Bitcoin ABC Cash falling through the first major level of support at $ 157.16 at the start of the day.
For the day ahead, a return to the morning peak at $ 161.5 would signal an afternoon rebound to bring the FIB 38.2% of $ 163 and the first resistance level to $ 164.08 in the game before any pullbacks, the $ 165.73 high on Sunday likely to block any breakout attempt at $ 166 levels.
The inability to return to the $ 160 levels by early afternoon could see Bitcoin Cash ABC picking up a bigger hit later in the day, a fall in the morning of $ 155.50 carrying $ 154 levels and the second level of support to $ 154.53 in play before any shot.
Litecoin Bucks the Trend Early
Litecoin fell 3.01% on Monday, partially reversing the 12.76% rally on Sunday, to close the day at $ 37.71, the daily losses of the first in 4 days.
A mixed morning saw Litecoin descend from a day's high start at $ 39.48 at a low morning to $ 37.3 before settling in a relatively limited timeframe, the $ 40 top intraday. , 48 against the first major resistance level of the day at $ 41.31.
A late afternoon low intraday $ 37.21 drove far from the first major support level of the day at $ 35.25, with Litecoin unable to maintain the $ 38 levels.
At the time of writing, Litecoin rose 1.03% to $ 38.13, Litecoin fell from a day's high $ 38.93 to a low of $ 37.52 in the morning before returning to $ 38, the day's highest level of support and resistance has not been tested in the beginning.
For the next day, a wait on the levels of $ 38 until early afternoon will likely see Litecoin making another run at the first major resistance level of the day at $ 39.06, with a rebound on the broader market needed to bring $ 40 levels. and the second highest resistance level at $ 40.40 in play later in the day.
Failure to maintain $ 38 could see Litecoin renouncing the first gains, bouncing up to $ 37.52 a day bringing $ 36 into play and the first major support level of the day to $ 36.79 in play before any recovery , heavier losses not foreseen in case of an inversion.
Rippling on the back foot
Ripple's XRP fell 0.88% on Monday, partially reversing the 4.38% rise from Sunday, to close the day at $ 0.37349.
A late-morning rally saw Ripple's XRP hit an intraday high of $ 0.38608, approaching its first major resistance level at $ 0.3897 before returning to $ 0.37 levels going to 2.ND half of the day
After a second attempt at $ 0.39 with an afternoon peak of $ 0.38151, it was downhill from there, with Ripple's XRP slipping up late in the day low $ 0.36812 before recovering at $ 0.37 at the end of the day, the main support levels of the day not tested on the day.
At the time of writing this article, Ripple's XRP was down 0.88% to $ 0.37020, Ripple's XRP dropped from a high of $ 0.37486 to a low of $ 0.36656 morning before returning to the levels of $ 0.37.
Coming out of the first major resistance level at $ 0.3837, Ripple's XRP arrived with a range of the first major support level at $ 0.3657.
For the day ahead, a move between the morning highs from $ 0.37486 to $ 0.376 would have supported a $ 0.38 run to bring the first resistance level higher to $ 0.3837 before any pullbacks .
The maximum of $ 0.38608 on Monday will likely cause the loss of Ripple's XRP from further material gains, except for a substantial change in sentiment in the broader market.
Failure to pass to $ 0.376 levels could see Ripple's XRP pick up more success later in the day, a low-key stoppage in the low morning of $ 0.36656 will likely see Ripple's XRP fall through the first main support level at $ 0.3657 to test support levels of $ 0.36 before any recovery.
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