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The post-fork period has been ruined by a bearish outlook across markets due to speculation. The forks are always divisive, consequently influencing the performance of the various Altcoins in the market. However, in the last twenty-four hours, the various currencies have made courageous attempts to correct the market. Although they have not been able to step out of the price range they have fallen to, most of the 20 digital coins have undergone a market Bull Run with more than 7 days of EMA going through 21-day EMAs that indicate a bullish momentum .
BTC / USD
Bitcoin has increased by 5.5% since yesterday and is selling above the value of $ 3500 with a market capitalization of $ 61 million. At the top, the pair hit $ 3744 (as indicated by H on the table) and $ 3280 at the bottom (marked by L).
In the last 24 hours, the resistance has been set at $ 3752 and support at $ 3280 as shown in the chart.
A bull run was produced, with a 7-day EMA prevalently above 21 days of EMA. The 7-day EMA also serves as the price determinant for the price of $ 3600.
Investor confidence also increased with the Relative Strength Index moving temporarily in the "underold" area (above 70) marked A in the chart.
ETH / USD
Ethereum has gained 6.7% in the last 24 hours, rising from $ 82 to the current rate of $ 94.06 against which it is trading against the dollar. His market activity was backed by better feelings from investors who saw the relative relative strength indicator shoot in the "undersecretary" area this morning. (As indicated a).
On the bottom side, the pair hit $ 83.68 (L) and $ 96.75 (H) at the top with Resistance at $ 97.17. Support was set at $ 82.99.
XRP / USD
Ripple continued his stellar performance in the last 24 hours, earning two digits. It is selling at $ 0.3313, up from $ 0.29 yesterday, which translates into a 12.04% growth. Continue driving Ethereum (after passing it a few weeks ago). Ripple has the second highest market capitalization after Bitcoin, with a turnover of $ 13 million versus the $ 9 million of Ethereum.
At the top, it hit $ 0.354 (H) and $ 0.290 (L) at the bottom.
The upward race should continue while the market tries to correct. However, this will only be sustained if the Bulls momentum can exceed the current price range
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