After the rises in Bitcoin and Ethereum, altcoins reflected similar price action. BCH bounced off the support line at $ 623.37 and looked at the price cap of $ 672.68. Monero was up 5% and eventually Waves prepared to retest its $ 26.50 resistance level.
Bitcoin cash [BCH]
Bitcoin Cash posted 4.4% gains over the past 24 hours, with the altcoin trading at $ 656.83 after bouncing off the $ 623.37 support. The indicators emitted a bullish price signal for BCH. If price action continues, it may retest the $ 672.68 resistance level and try again to hit the $ 705.02 price cap for the second time this month.
the Great oscillator blinking growing green signal bars indicated a bullish move. the MACD also showed green histograms after a bullish crossover.
The opposite is the case Chaikin money flow remained in bearish territory despite a surge in capital inflows.
If the price moves around the release time level in the next trading sessions, BCH may fall back to the USD 623.37 support line.
XMR reversed its recent losses with a 5% gain in the past 24 hours. The immediate resistance for XMR was $ 275.58 and could test the aforementioned resistance for the third time in the same month after a steady uptrend. The specs for Monero flashed bullish signals.
The green signal bars on the Great oscillator gained strength. Accordingly, the MACD also shown green histograms.
Buying pressure recovered as Relative Strength Index crawled across the center line into bullish territory.
In the event that the price goes down, the support levels would be at $ 257.25 and then at $ 233.25.
Waves diverged from the $ 21.85 support line and eyed the $ 25.32 resistance level. On a sustained uptrend, it could break the aforementioned resistance level and hit $ 26.50 for the second time this month.
the Great oscillator noticed green signal bars, which underline the beginning of a bullish price movement. the MACD also began to see the emergence of green histograms after a bullish crossover.
Finally, that Bollinger bands stayed parallel to convergence, suggesting that Waves may have a rangebound move in the next trading sessions.
When the price falls, the support levels for Waves were $ 21.85 and $ 18.24.