Bitcoin Cash – ABC – Red Sees
Bitcoin Cash ABC fell 8.14% on Monday, after a 0.02% gain on Sunday, to close the day at $ 179.89, the day's loss bucking the broader market.
A bullish start to the day saw Bitcoin Cash ABC rally at a late-morning intraday high of $ 212.23, surpassing the first major resistance level at $ 207.67, before hitting backwards.
Inversion in the afternoon, Bitcoin Cash ABC surpassed the first major level of support at $ 185.36 and 23.6% FIB of $ 184 at an intraday minimum of $ 175.48 before finding support, Bitcoin Cash ABC that falls within the range of the second highest level of support at $ 174.73 at the end of the day.
The countertrend move would probably be due to the fact that some profits have taken off the 148% gain last week.
At the time of writing this article, Bitcoin Cash ABC had fallen 9.69% to 162.46, with Monday's afternoon sell-off continuing until the early hours of the morning. Bitcoin Cash ABC has slipped since the start of a high day from $ 181.1 to a minimum of $ 156, going through the first major level of support at $ 166.17 coming.
For the day ahead, a return of 38.2% FIB of $ 164 and the first major level of support at $ 166.17 would support a run of $ 190 levels to bring the first major level of support to $ to play. 202.92, although sentiment across the broader market would need to physically shift to support an afternoon rebound.
Failure to return via 38.2% FIB could see the fight of Bitcoin Cash ABC during the day, with a withdrawal during the low morning of $ 156 bringing into play the second highest level of support for $ 152.45 and $ 140 before any recovery.
Litecoin on the slide
Litecoin fell 0.09% on Monday after a 4.65% rise on Sunday to close the day at $ 33.05.
Following the broader market, a bullish start of the day saw Litecoin rise to an early afternoon intraday high $ 36.78 before hitting the reverse, Litecoin break through the first major resistance level at $ 34.13 and the second resistance level greater than $ 35.19 on the road.
An inversion in the late afternoon saw Litecoin drop to a low intraday of $ 32.6 before settling, while Litecoin managed to avoid the first major level of support at $ 31.72 a day.
At the time of writing, Litecoin had dropped 6.32% to $ 30.96, with a downward sales start as Litecoin dropped from $ 33 to a low of $ 30.4, Litecoin lost its first major level support for $ 31.51 to fall within the range of the second main support level for $ 29.96.
For the day ahead, the move to $ 31 levels and the first support level at $ 31.51 will support a $ 33.05 high morning run to bring $ 34 levels into play in the event of a rebound, the first level of main strength of the day at $ 35.69 unlikely to test the day.
The non-return to the levels of $ 31.5 by early afternoon could see Litecoin take a big hit later in the day, with a pullback in the low morning of $ 30.4 bringing under $ 30 levels and the second major support for $ 29.96 in play before any recovery.
Ripple takes a shot
Ripple's XRP rose 10.99% on Monday after a 1.94% gain on Sunday to close the day at $ 0.4137.
A particularly bullish start to the day saw Ripple's XRP surge reach a late-morning intraday high of $ 0.46669, outperforming the highest resistance levels and FIB's 23.6% of $ 0.4164, before to reach levels of $ 0.40 at the end of the day.
Ripple's XRP managed to move the FIB back 23.6% towards the end of the day and keep the second level of resistance higher at $ 0.4083.
At the time of writing, Ripple's XRP was down 5.8% to $ 0.38970, with Ripple's XRP falling 23.6% to $ 0.4164 at a minimum of $ 0.38090 before stabilizing, the main levels of support and resistance of the day not tested at the beginning.
For the next day, a return to $ 0.40 levels would support a 23.6% FIB run of $ 0.4164 to bring $ 0.42 into play before any retreat, sentiment in the broader market that has need to improve materially to support a break from 23.6% FIB, the first major resistance level of the day at $ 0.400 will hardly be in play later in the day.
The inability to return to the $ 0.40 level could see Ripple's XRP pick up more success throughout the day, a morning downtrend of $ 0.38090 bringing the first level of major support to the table at stake. $ 0.3734 before any recovery, the $ 0.36 probably worse than you will get in the case of a continuous slide.
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