Crypto Market and Bitcoin Approaching Resistance: BCH, EOS, TRX, ADA Analysis

2019-8-19 08:00

The total crypto market cap is climbing higher towards the key $272.0B and $275.0B resistance. Bitcoin price is also approaching the main $10,500 resistance area. EOS price is up more than 5% and it may soon test the $3.850 resistance area. BCH price is recovering and it may break the $320 resistance level in the near term. Tron (TRX) price is up around 8%, but it is still well below the $0.0192 and $0.0200 levels. Cardano (ADA) price recently recovered above the $0.0500 resistance level.

Bitcoin price and the crypto market cap are approaching major resistances. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are slowly recovering higher.

Bitcoin Cash Price Analysis

This past week, we saw a sharp decline in bitcoin cash price from well above the $350 level against the US Dollar. The BCH/USD pair broke the $340 and $330 support levels. It even broke $320 and tested the $305 support area. Recently, the price started an upside correction above $310 and is approaching the $320 resistance.

If there is an upside correction above $320, the price could start a decent rise towards the $340 resistance. On the downside, the main support is near the $305 level.

EOS, Tron (TRX) and ADA Price Analysis

EOS price tested the $3.400 support area and recently started an upside correction. The price is currently up around 5% and is trading above the $3.700 level. The main resistance is near $3.850, above which the price could continue to rise towards the $4.000 resistance area.

Tron price declined heavily below the $0.0185 support area. TRX price even declined below $0.0170 and recently started an upside correction. The price is currently up around 8% and it seems like the price might continue to rise towards the $0.0185 and $0.0192 resistance levels in the near term.

Cardano price declined heavily this past week and even tested the $0.0445 area. ADA price is currently correcting higher and it recently broke the key $0.0500 resistance level. If there are more upsides, the price could continue to rise towards the $0.0550 resistance area.

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent upward move initiated from the $242.0B swing low. The market cap climbed above the $255.0B resistance and even surpassed the $262.0B barrier. However, there is a major resistance forming on the upside near the $272.0B level and a connecting bearish trend line on the same chart. A successful close above $272.0B and $275.0B might start a strong upward move. If not, there could be another bearish wave in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.

The post Crypto Market and Bitcoin Approaching Resistance: BCH, EOS, TRX, ADA Analysis appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

resistance crypto eos price bch market approaching

Источник: newsbtc.com

resistance crypto → Результатов: 126


GXChain Price Analysis GXC / BTC: Baiting The Bulls

GXChain has a bullish short-term bias against Bitcoin, with the GXC / BTC pair breaking above key resistance The four-hour time frame is showing that a bullish inverted head and shoulders pattern is forming A bearish head and shoulders pattern continues to take shape on the daily time frame Fundamental Analysis GXChain has gained bullish […] The post GXChain Price Analysis GXC / BTC: Baiting The Bulls appeared first on Crypto Briefing.

2019-8-1 16:10


Lambda Price Analysis LAMB / BTC: Rocketing Up

Lambda has a bullish short-term bias against Bitcoin, with the LAMB / BTC pair attempting to move above key technical resistance The four-hour time frame shows the presence of a bullish inverted head and shoulders pattern The daily time frame highlights a major range breakout may be underway Fundamental Analysis LAMB has gained bullish momentum […] The post Lambda Price Analysis LAMB / BTC: Rocketing Up appeared first on Crypto Briefing.

2019-7-30 16:51


Litecoin Price Analysis LTC / USD: Not Enough Traction

Litecoin has a bearish short-term bias, with the LTC / USD pair still trading below major technical resistance on the four-hour time frame The four-hour time frame shows that the LTC / USD pair is trapped within a triangle pattern The daily time frame highlights a bearish head and shoulders pattern with further downside potential […] The post Litecoin Price Analysis LTC / USD: Not Enough Traction appeared first on Crypto Briefing.

2019-7-30 16:20


Decred Price Analysis DCR / USD: Relying On Miracles

Decred has a bearish short-term outlook, with price remaining below key resistance on the four-hour time frame The four-hour time frame shows that a bearish head and shoulder pattern has been triggered The daily time frame highlights that the DCR / USD pair remains in correction Decred / USD Short-term price analysis Decred has a […] The post Decred Price Analysis DCR / USD: Relying On Miracles appeared first on Crypto Briefing.

2019-7-29 16:54


Nano Price Analysis NANO / USD: Healing Its Wounds

Nano has a bullish short-term outlook, with the NANO / USD pair moving back above key technical resistance on the four-hour time frame The four-hour time frame shows that a bullish inverted head and shoulders pattern is forming The daily time frame shows that buyers have move price above the neckline of a head and […] The post Nano Price Analysis NANO / USD: Healing Its Wounds appeared first on Crypto Briefing.

2019-7-26 16:22


TRON Price Analysis TRX / USD: Waiting For The Sun

TRON has a bearish short-term bias, with the cryptocurrency sold heavily from key resistance on the four-hour time frame The four-hour time frame shows a bearish head and shoulders pattern that has yet to reach its full downside target The daily time frame continues to show a valid inverted head and shoulders pattern Fundamental Analysis […] The post TRON Price Analysis TRX / USD: Waiting For The Sun appeared first on Crypto Briefing.

2019-7-23 16:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON Network Surpasses 95 Million Addresses: A Sign Of Growth

The TRON network has achieved a remarkable milestone, surpassing 95 million addresses. This figure is particularly noteworthy when compared to other layer 1 networks like Cardano and Avalanche, which have fewer than 10 million addresses each.

Poloniex hit by $100 million theft, hacker boosts Tron’s TRX

Crypto entrepreneur Justin Sun has offered the Poloniex hacker a 5% bounty to return the stolen funds within the next seven days. The hack Earlier today, Sun said Poloniex was investigating a hacking incident without providing additional information.