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Bitcoin Cash – ABC – Reverse Hits
Bitcoin Cash ABC gained 2.89% on Wednesday, partially reversing Tuesday's 5.99% decline to close the day at $ 174.98.
A bullish start to the day saw Bitcoin Cash ABC rally at an early morning high intraday high of $ 187.02, surpassing the first major resistance level at $ 183.82 and 23.6% FIB retracement level of $ 184. , before striking backwards.
The reversal saw the Bitcoin Cash ABC crash at an early afternoon intraday at $ 163.1, before recovering to $ 170, the first major support level of the day at $ 153.61 was not tested on the day.
At the time of publication, Bitcoin Cash ABC fell 3.96% to 168.05, with a downward start considering that Bitcoin Cash ABC falls from a morning high $ 175.94 to a minimum of $ 166.32 before stabilizing , the main levels of support and resistance of the day were not tested at the start of the day.
For the next day, the shift to $ 175 levels and the morning high of $ 175.94 would bring $ 180 levels into play, with a large crunch rebound needed to bring the first major resistance level of the day to $ 186, 97 during the day.
The failure to return to $ 175 levels could see the withdrawal of Bitcoin Cash ABC deeper into the red, with a decline during the morning of $ 166.32 bringing into play the first great level of support and 38.2% of FIB retrospective of $ 163, while we expect Bitcoin Cash ABC to avoid levels below $ 160 during the day.
Litecoin a sub- $ 30
Litecoin fell 0.78% on Wednesday, after a 6.7% drop on Tuesday, to close the day at $ 30.52.
Tracing the broader market, a bullish start of the day saw Litecoin rise to an early morning intraday high of $ 31.89 before hitting backwards, the high of the day rose from the first major resistance level to $ 32.66. .
The morning pullback saw Litecoin slip through the first major support level at $ 29.27 on an early intraday low afternoon $ 28.87 before finding support to return to the $ 30 levels by the end of the day.
At the time of writing, Litecoin was down 2.23% to $ 29.84, with Litecoin slipping from a high morning $ 31.09 to a low morning $ 29.53, the main levels of support and resistance of the day not tested at the start of the day.
For the day ahead, a return to the levels of $ 30.50 will support another run at $ 31 to bring the first highest level of resistance to $ 31.98 in play before any pullback, the broader market that he needs to recover from his initial losses to bring $ 32 levels into play later in the day.
The failure to return to the levels of $ 30.50 could see Litecoin's return deeper into the red, with a drop in the morning of $ 29.53 bringing in the game the first level of main support at $ 28.96, underestimating $ 28 unlikely support levels to test later in the day.
Rippling on the back foot
Ripple's XRP fell 1.31% on Wednesday, following Tuesday's 5.32% slide to close the day at $ 0.38774.
An early-day rally saw Ripple's XRP rise to an early morning intraday high $ 0.40503 before hitting the reversal, Ripple's XRP exceeded the first resistance level at $ 0.4151 and the 23.6% retracement level of $ 0.4164.
The reversal saw Ripple's XRP slip to an early afternoon intraday at $ 0.36613, going through the first major support level at $ 0.3715 before finding recovery support at $ 0.38 levels within the end of the day.
At the time of writing, Ripple's XRP was down 2.66% to $ 0.37743, with mornings that saw Ripple's XRP drop from a maximum of $ 0.38989 to a minimum of $ 0.376, the highest level of support and resistance of the day was not tested in the beginning.
For the next day, a return in the morning of $ 0.38989 in the early afternoon would bring in $ 0.40 and the first main resistance level at $ 0.4065 in play, with sentiment in the broader market that needs to improve materially to make Ripple run XRP at $ 0.41 levels in the event of a rebound.
Failure to return at most in the morning could see Ripple's XRP pick up more success later in the day, a low-key stoppage in the low morning of $ 0.376 bringing $ 0.36 levels and the first major level of support for $ 0.3676 in play before any recovery, under- $ 0.36 support levels unlikely to be tested on the day.
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