Crypto Market Following Strong Uptrend: Bitcoin Cash, XLM, EOS, TRX Analysis
technical analysis

Crypto Market Following Strong Uptrend: Bitcoin Cash, XLM, EOS, TRX Analysis

THELOGICALINDIAN - The crypto bazaar cap is accepting drive with absolute moves in bitcoin BTC and Ethereum ETH Besides BCH arch XLM ADA EOS ripple and tron TRX are acceptable to advance higher

Bitcoin Cash Price Analysis

Bitcoin banknote amount beneath heavily this accomplished anniversary and bankrupt the $385 and $365 abutment levels adjoin the US Dollar. The BCH/USD brace activated the $350-355 abutment breadth and afresh bounced aback sharply. It bankrupt the $385 and $400 attrition levels to move aback in a absolute zone.

The accepted amount activity is absolute aloft $405, with an actual attrition abreast the $425 level. A bright breach aloft the $425 attrition may advance the amount appear the $430 and $440 levels.

Stellar (XLM), EOS and Tron (TRX) Price Analysis

EOS amount climbed aback aloft the $6.00 axis level afterwards a able downside correction. The amount is now trading able-bodied aloft the $6.20 abutment akin and it seems like it could alike accomplish an attack to beat the key $6.50 attrition akin in the abreast term.

Stellar amount remained abiding afterwards it surged aloft the $0.1100 and $0.1200 attrition levels. XLM amount is now trading accurately aloft the $0.1350 akin and it could anon barter aloft $0.1400 and $0.1420. On the downside, the capital supports are $0.1320 and $0.1300.

Tron amount bootless to break aloft the $0.0300 akin for a continued time. TRX amount beneath appear the $0.0265 abutment akin and it is currently acclimation higher. On the upside, there are abounding hurdles abreast the $0.0295 and $0.0300 levels.

Crypto Market Cap Bitcoin Cash BTC BCH EOS TRX XLM LTC

Looking at the absolute cryptocurrency bazaar cap alternate chart, there was a aciculate advancement move aloft the $220.0B and $230.0B attrition levels. The trend band and abutment abreast $210.00 and $215.0B accepted significant, consistent in a able advancement move. The bazaar cap is now aloft the $235.0B akin and it afresh activated the $247.0B level. In the abbreviate term, there could be a downside correction, but the $230.0B akin is acceptable to act as a able support. On the upside, there are abounding hurdles abreast $248.0B and $250.0B, aloft which the bazaar cap could assemblage to $260.0B. Overall, there could be added upsides in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and added altcoins in the abreast term.