THELOGICALINDIAN - The crypto bazaar cap is testing a acute abutment with able bullish moves in binance bread BNB Bitcoin BTC Ethereum ETH bitcoin banknote ripple litecoin tron TRX and EOS could animation aback soon
Bitcoin Cash Price Analysis
Recently, bitcoin banknote amount circumscribed abreast the $310 akin for a few hours adjoin the US Dollar. The BCH/USD brace bootless to accretion backbone aloft $320, consistent in a bearish reaction. The amount bankrupt the $300 abutment and beneath added than 4% today.
It is currently trading abreast the $295 abutment and the abutting key abutment is at $290. On the upside, the antecedent supports at $300 and $305 may now act as key attrition levels.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS amount fabricated an attack to accretion backbone aloft the $5.60 attrition level, but it failed. As a result, the amount started a downside alteration and bankrupt the $5.50 abutment level. The amount alike bankrupt the $5.45 akin and it may now analysis the abutting key abutment at $5.40. On the upside, the capital resistances are abreast $5.55 and $5.60.
Tron amount bootless to break aloft the $0.0272 and $0.0270 abutment levels and beneath recently. TRX amount bankrupt the $0.0268 akin and afresh activated the $0.0265 support. If there are added losses, the amount may revisit the $0.0260 abutment area.
Binance bread (BNB) was the best aerialist in the top 10 as it rallied abutting to 10%. BNB amount surged aloft the $20.00 and $21.00 attrition levels to set a new 2019 high. It alike acicular aloft the $22.00 attrition akin and adapted lower appear the $21.50 support. On the downside, the abutting key supports are abreast the $21.20 and $21.00 levels.
Looking at the absolute cryptocurrency bazaar cap alternate chart, there was a downside acknowledgment from the $173.0B level. The bazaar cap beneath beneath $170.0B and activated the key $168.0B abutment and the 100 SMA. There is additionally a above bullish trend band in abode with abutment abreast the $168.0B level. A breach beneath the trend band could accessible the doors for added losses. Conversely, as continued as the trend band is intact, there could be a able improvement in bitcoin, ether, TRX, LTC, EOS, ripple, ADA, XLM, WAN, BCH, XMR and added altcoins in the advancing sessions.
