THELOGICALINDIAN - The crypto bazaar is boring affective lower while bitcoin BTC and Ethereum ETH are adverse abounding hurdles Binance bread BNB rallied afresh admitting BCH ripple EOS TRX and ADA are currently consolidating
Bitcoin Cash Price Analysis
Bitcoin banknote amount beneath afresh beneath the $170 and $165 abutment levels adjoin the US Dollar. The BCH/USD brace activated the $160 abutment akin and after bounced back. The brace confused aloft the $165 attrition and it is currently accumulation gains.
On the upside, an antecedent attrition is abreast the $168 level, followed by $170. Once there is a breach aloft the $170 level, the amount could ascend to a new account aerial in the abreast term.
EOS, Tron (TRX) and BNB Price Analysis
EOS amount beneath afresh and traded beneath the $3.65 abutment level. The amount activated the $3.60 abutment akin and it is currently acclimation higher. Buyers pushed the amount aloft the $3.65 level, with a absolute angle. However, there are abounding hurdles on the upside abreast the $3.70 and $3.72 levels.
Tron amount traded aloft the $0.0230 akin afresh and after bootless to authority gains. TRX amount is bottomward added than 4% and it is currently trading beneath $0.0230. An actual abutment is at $0.0225, beneath which the amount could abatement appear the $0.0220 level.
Binance bread (BNB) performed absolutely able-bodied afresh and climbed aloft the $16.00 and $16.50 attrition levels. BNB amount is up added than 12% and it afresh acicular aloft the $17.00 level. The abutting key resistances are abreast $17.40 and $17.50. If there is a downside correction, the antecedent resistances abreast the $16.50 and $16.20 levels are acceptable to act as appropriate supports.
Looking at the absolute cryptocurrency bazaar cap alternate chart, there was a acute bearish acknowledgment abreast the $136.0B attrition level. There was a apathetic and abiding abatement beneath the $134.0B and $133.0B levels. The bazaar cap is currently afterward a aloft bearish trend band with accepted attrition at $133.5B on the aforementioned chart. A able abutting aloft the trend band and $134.0B is bare for buyers to accretion absorption in the abreast term. If not, there is a accident of added losses in bitcoin, ETH, tron, litecoin, EOS, ripple, cardano, XLM, ICX, BCH, XMR and added altcoins in the abreast term.
