Bitcoin Cash – ABC – In Choppy Waters
Bitcoin Cash ABC dropped just 0.08% on Tuesday, after a 3.28% drop on Monday, to close the day at $ 159.68.
A particularly hectic day saw the ABC Cash Bitcoin slip through the first major support level at $ 157.16 at a low first-day intraday of $ 155.5 before reaching a high intraday in the early afternoon for $ 162.43.
Coming below the 38.2% RIB Retracement Level of $ 163 and the first major resistance level at $ 164.08, Bitcoin Cash ABC slipped back to $ 157 levels before recovering to $ 159 levels by the end of the day.
At the time of publication, Bitcoin Cash ABC was down only 0.06% to $ 159.58, with early-morning moves that saw Bitcoin Cash ABC recover from a morning low of $ 157.8 to reach a maximum of $ 160.00 before going back, the main support of the day and resistance levels not tested at the beginning.
For the next day, an estate on $ 159 levels until the morning would have supported another $ 160 level run to bring the first major resistance level of the day to the table for $ 162.91 before retreat, The $ 162.43 high of Tuesday could cash out Bitcoin Cash ABC from a breakout to $ 164 levels in the event of an afternoon rebound.
The failure to maintain the $ 159 levels during the morning could see the withdrawal of Bitcoin Cash ABC until the low morning of $ 157.8 to bring in $ 156 levels and the first major support level of the day at $ 155.98. at stake before any recovery, heavier losses not foreseen in the day.
Litecoin returns to the movement
Litecoin gained 3.9% on Tuesday, reversing the 3.01% decline on Monday, to close the day at $ 39.13.
An early fall to $ 37.52 was the only downtrend of the day, with Litecoin holding well above the first level of main support at $ 36.79 before reaching a high intraday in the first afternoon of $ 41.27.
Litecoin surpassed the first main resistance level at $ 39.06 and the second main resistance level at $ 40.40 before returning to levels below $ 39 in the afternoon.
Towards the end of the day, Litecoin passed the first major resistance level to start a bullish start on Wednesday.
At the time of writing, Litecoin rose 1.53% to $ 39.73, with a bullish start on the day Litecoin rises from a low morning to $ 38.93 to a high morning $ 40.03. before returning to levels below $ 40, the main levels of support and resistance of the day left untested in the early hours.
For the next day, a hold greater than $ 39.3 until the early afternoon would have supported another move up to $ 40 to bring the first major resistance level to $ 41.09 in play before any pullbacks, l & # 39; # 41 high $ 41.27 on Tuesday that could push Litecoin back from a breakout to $ 42 levels later in the day.
Failure to hold above $ 39.3 could see Litecoin giving up some of the week's earnings, down to $ 38 levels bringing the first level of major support to $ 37.34 in play before any recovery, under $ 37. unlikely support levels to be tested excluding a broad based on the crypto-sale.
Ripple holds steady
Ripple's XRP gained 0.24% on Tuesday, partially reversing the fall of 0.88% on Monday, to close the day at $ 0.37428.
Recovering from a first day intraday to low $ 0.36556, Ripple's XRP rose to an intraday early afternoon of $ 0.3825, before going down to $ 0.37 levels, the moves during the day left the main untested support and resistance levels.
At the time of writing, Ripple's XRP was up 0.83% to $ 0.37739, passing in the morning seeing Ripple's XRP recovering from a low start to $ 0.3724 per day. beat a maximum of $ 0.37856 morning before shrinking, the highest levels of support and resistance of the day not tested in the beginning.
For the next day, a hold higher than the levels of $ 0.374 until the morning would have held another run at $ 0.38 levels later in the day to bring the first resistance level higher at $ 0 into play, 3827 before any retreat.
To achieve a breakout of $ 0.39 to bring the second highest resistance level to $ 0.3911 into play, the broader market support would be needed, the upward trend probably from the start of the year test the investor's decision as the week progresses.
The inability to maintain above $ 0.374 levels could see Ripple's XRP return later in the day, a decline during the morning of $ 0.3724 bringing $ 0.36 levels and the first level of support main to $ 0.3657 in play before any recovery, under $ 36 unlikely support levels to be tested at less than a large crypto sell-off later in the day.
