Bitcoin Cash – ABC Back in the Red
Bitcoin Cash ABC fell 4.28% on Monday, partially reversing the 7.11% decline on Sunday to close the day at $ 101.78.
Bearish for most of the day, Bitcoin Cash ABC fell from an intraday high day $ 107.89 to an early afternoon low intraday $ 99.06 before settling, with the day up and down leaving the main levels of support and resistance not tested.
A relatively large limit 2ND half a day saw Bitcoin Cash ABC find support continued at levels below $ 100 to recover at $ 101 at the end of the day.
At the time of writing, Bitcoin Cash ABC was down 2.5% to $ 99.23, with early-morning moves that saw the crash Bitcoin Cash ABC from the start of a day high $ 101.51 to a low morning $ 99.00, the biggest support of the day and the resistance levels remained untested in the beginning.
For the day ahead, an uptrend between $ 101.51 and $ 102.9 will support an afternoon rally to bring the first major resistance level to $ 106.76 and the intraday of $ high $ 107.89 Monday at stake before any retreat, Bitcoin Cash ABC unlikely to reach $ 108 levels with bears still have firmly control.
Failure to overcome the morning level at $ 102 could see Bitcoin Cash ABC having a great success during the day, a pullback between the lows from $ 99 to $ 98 bringing the first important level of support of the day to $ 97.93 in play before any recovery, sub – $ 97 levels of support unlikely to test the day.
Litecoin finds support
Litecoin fell 5.22% on Monday, reversing Sunday's gain of 4.63%, to close the day at $ 23.97.
A $ 25.65 intraday high day start came in the first major resistance level at $ 26.59, with a large crypt inversion that sees Litecoin slip through the first major support level at $ 24.03. at an early afternoon low intraday $ 23.55 before stabilizing.
A relatively limited afternoon saw Litecoin return to $ 24 levels before slipping back into the first major support level by the end of the day.
At the time of writing, Litecoin was down 0.08% to $ 23.95, a relatively limited start to the day as Litecoin rises from a low morning $ 23.78 to a high $ 24 morning, 17 before reporting back to $ 23 levels, the biggest support of the day and the levels of resistance left untested.
For the day ahead, a return to the morning highs at $ 24.4 will support an afternoon rally to bring the first major resistance level to $ 25.23 in play before a pullback, $ 26 levels and the second level of resistance at $ 26.49 unlikely to play all day.
Failing to move to $ 24.4 could see Litecoin going back in the day, a fall in the morning of $ 23.23 leading the first major level of support of the day to $ 23.13 and $ 22 in play before of any recovery, the second major support at $ 22.29 there to prevent the heaviest losses of the day.
Ripple Tiene on $ 0.30
Ripple's XRP slipped 3.07% on Monday, reversing the 2.05% gain on Sunday to end the day at $ 0.3075.
Following the broader market, Ripple's XRP fell from an intraday day of $ 0.32162 to an intraday early afternoon of $ 0.3002. The reversal saw Ripple's XRP call support at the first major support level of the day at $ 0.3047 to avoid a return to levels below $ 0.30, while the high of the day was attested at the first resistance level at $ 0.3294.
Ripple's XRP managed to overcome the first major support level by late afternoon, while he could not break the levels of $ 0.30 for the rest of the day.
At the time of writing, Ripple's XRP was down 0.38% to $ 0.30632, going through the early hours of the morning to see Ripple's XRP drop to a minimum of $ 0, 30399 morning before recovering to a maximum of $ 0.30765, the relatively narrow ranges that did not verify the main levels of support and resistance.
For the day ahead, a move between the highs of the morning from $ 030765 to $ 0.31 will mark the start of a rebound, bringing the first level of resistance higher at $ 0.3193 and $ 0.32 into play before the arrest, Monday's high could undermine Ripple's XRP higher earnings of the day.
Failure to move to $ 0.31 could see Ripple's XRP return to a minimum of $ 0.30399 to bring the $ 0.30 level back into play and the first major support of the day to $ 0.2979 before any recovery, the worst improbable losses excluding particularly negative news.
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