BCH/USDT

[CebuBitcoin]

Though Bitcoin Cash has held the 50-day SMA for the past two days, the bulls have failed to secure a bounce. This shows that buying has dried up and if the support of the moving averages breaks, the digital currency can retest the recent lows.

The BCH/USD pair will indicate a change in trend if it breaks out of $600. The key levels to watch on the upside are $660.0753 and $880.

As the price has been sustaining above the descending channel and the moving averages for the past four days, we suggest traders hold their long position with the stops at $400.

Source

[CebuBitcoin]

Bitcoin Cash has held the support of the moving averages for the past five days and is currently trying to bounce off it.

The BCH/USD pair will indicate a likely change in trend if it scales above $600. The first level to watch post-breakout will be $660, followed by a rally to $880.
On the other hand, a break down of the moving averages can result in a retest of the lows. Traders can keep a stop loss of $400, below which the virtual currency will resume its downtrend.

Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-8

[CebuBitcoin]

Bitcoin is still in no man’s land. Both moving averages are flat and the RSI is also at the midpoint. The attempt to break out of the downtrend line on Oct. 8 was thwarted by the bears.

Today, the BTC/USD pair has shown some weakness, but buying at lower levels has again propped the prices back to the moving averages.

The cryptocurrency will pick up momentum on a breakout and close (UTC time frame) above the overhead resistance of $6,831.99. After a period of low volatility, we expect the volatility to increase following a breakout or breakdown. Hence, if the bulls succeed in breaking out, the rally might go beyond the first target of $7,400 and reach as high as $8,450.

On the downside, Bitcoin will plunge if the bears succeed in breaking below the critical support zone of $5,900–$6,075.04. Therefore, traders should keep the stops on their long positions at $5,900.

Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-10

[Crypto]

The bulls are trying to keep Bitcoin Cash inside the symmetrical triangle. A break down of the triangle and the Sept. 11 intraday low of $408.0182 will resume the downtrend. The next support on the downside is $300.

If the bulls succeed in defending the support line of the triangle, the BCH/USD pair will again attempt to rise to $530.

The 20-day EMA is starting to slope down and the RSI is below 50 levels, suggesting bears have the upper hand. We recommend traders keep a stop of $400 on their long positions.

Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-12