Feb 19, 2020 at 12:06
News
Bitcoin Cash Holds at Breakout Level after Downward Correction
Recently, Bitcoin Cash reached its peak of $497 during an impressive run. On February 15, BCH made a sharp correction as it dropped to the low of $380. The pair was in the overbought region of the market. In the overbought region, buyers are not available to push Bitcoin Cash upward. Rather the presence of sellers in the overbought region cause BCH to fall.
Feb 14, 2020 at 14:49
News
Litecoin Is in the Overbought Territory, Faces Selling Pressure
Litecoin (LTC) has been making a series of higher highs and higher lows since January 24. The current upward move has reached a high of $84. The price movement is in the form of impulse and correction in the current uptrend. LTC is correcting after the recent high at $84.
Feb 06, 2020 at 14:00
News
Ripple Bounces, Can Bulls Overcome the Resistance at $0.31?
Ripple continues its positive moves according to market sentiment. In the previous analysis, it was indicated that Ripple would rally above $0.30, once the $0.24 resistance was broken. Expectantly, it was broken and the price rose to $0.26 but a downward correction was made to the low of $0.24500. Frankly, at the low of $0.24500, Ripple rebounded and the price has risen to $0.28 at the time of writing.
Dec 19, 2019 at 09:18
News
Ripple Pulls Back and Faces Rejection at $0.20 Resistance
Desperately, the bulls put up a fight and defended the $0.18 low and pushed the price upward. The $0.18 low is an oversold region of the market which invited the bulls to take control of price. Ripple plunged to this low as a result of the inability of buyers to defend the $0.22 price level. The upward correction is facing resistance at $0.20. This was the previous support which has turned to resistance.
Oct 24, 2019 at 13:01
News
Bitcoin Cash Bounces at the Bottom of the Range but Makes an Upward Correction
In the last 24 hours, BCH fell to a low of $202 and bounced sharply from the bottom of the tight range. This implies that the fluctuations are likely to continue for a few more days as the bulls push the price to the overhead resistance level. On October 24, 2019, the market now fluctuates between the levels of $202 and $240 price levels.