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#Bitcoin Cash Price Analysis

Bitcoin, Ethereum, Bitcoin Cash, Ripple, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, 27 July.

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Cryptocurrency Market Trend is Bullish. Price Analysis for Bitcoin, Ethereum, Bitcoin Cash, Ripple, EOS, Litecoin, Cardano, Stellar, IOTA and TRON.

BTC/USD

At the point when a solid overhead resistance level is scaled, it is normally trailed by a retest of the breakout level. Bitcoin Price has finished a comparative retest of the $7,750 line. This level had been beforehand going about as a solid resistance, and will now go about as a solid support.

BTCUSD Price Chart 28 July

BTCUSD Price Chart 28 July

BTC/USD

A solid skip from the support level shows that the purchasers were sitting tight for a plunge to purchase. Merchants who have been looking out for the sidelines to purchase on a more profound decrease are left stranded. They are probably going to bounce into the shred once the price proceeds with its excursion northwards.

Along these lines, if the bulls can break out of $8,566.4, the probability of a rally to $10,000 increments, fuelled by the brokers who have missed the transport and are getting a handle on left.

Be that as it may, it won’t be a restricted move, as the computerized money can confront resistance at $8,888 and $9,375. Accordingly, we propose merchants take fractional benefits at basic levels. In the event that the bulls neglect to scale above $8,566, incomplete benefits can be reserved nearer to $8,400 and the stops on the long positions that were started at $6,650 can be raised to $7,400.

Our bullish view will be nullified if the BTC/USD match droops underneath $7,750.

ETH/USD

Ethereum Price has not possessed the capacity to scale the 50-day SMA for as long as three days. It is right now taking support at the trendline.

ETHUSD Price Chart 28 july

ETHUSD Price Chart 28 July

ETH/USD

The ETH/USD combine has shaped a little symmetrical triangle. A break out of the triangle expands the likelihood of a breakout above $500. Then again, if the bears constrain a breakdown, the virtual money can slide down to $404.

The trendline of the symmetrical triangle has held since July 12, henceforth, we envision a ricochet from it once more. Along these lines, we recommend holding the long position with the stop misfortune at $400.

XRP/USD

Ripple Price has been solidifying amongst $0.4242 and $0.51978 for over multi month. Right now, the prices have been drifting close to the base of the range for as long as six days. This demonstrates an absence of purchasing at these levels.

XRPUSD Price Chart 28 July

XRPUSD Price Chart 28 July

XRP/USD

In the event that the bulls don’t drive a skip above $0.47 inside the following couple of days, the XRP/USD match may droop beneath $0.4242. Any breakdown of the range will be a bearish pointer, which can bring about a tumble to $0.33.

On the upside, $0.51978 will keep on acting as a hardened resistance. On the off chance that the bulls can push the prices higher and solidify near the highest point of the range, it will be a bullish sign. We will sit tight for a break out of the range before proposing any exchanges on it.

BCH/USD

Bitcoin Cash Price has neglected to break out of the downtrend line for as long as three days. This expands the likelihood of a break beneath the 20-day EMA, which is right now going about as a solid support.

BCHUSD Price Chart 28 July

BCHUSD Price Chart 28 July

BCH/USD

There is a minor support at $745, beneath which the BCH/USD combine can slide to $670. On the upside, the $838.9139 – $934.2316 zone will keep on acting as a solid resistance zone.

We propose holding the current long position with the stops underneath $650. We will close the position or trail the stops higher following several days.

EOS/USD

EOS Price is expanding its stay inside the scope of $6.8926 – $9.4456. We won’t have the capacity to discover an exchange setup on it as long as it stays inside this range.

EOSUSD Price Chart 28 July

EOSUSD Price Chart 28 July

EOS/USD

The main indication of an adjustment in the pattern will be the point at which the EOS/USD combine breaks out and closes over the range. The objective after such a breakout is $11.9986, yet we foresee a resistance at $11.64.

Actually, if the bears break underneath $6.8926, the fall can reach out to $4.3396, with a minor support at $5.1. We hold our purchase suggestion given in the past analysis.

LTC/USD

Litecoin Price has been combining in a tight scope of $80 – $91 for as far back as ten days and in an expansive scope of $74.074 and $91.146 for over multi-month.

LTCUSD Price Chart 28 July

LTCUSD Price Chart 28 July

LTC/USD

In the event that the bulls break out of the $91.146 region, the LTC/USD match will rally towards $107, where it is probably going to confront a solid resistance from the long haul downtrend line.

The cryptographic money will turn negative if the bears constrain a breakdown beneath $74.074. We will sit tight for a breakout from the range before turning positive. The more drawn out the price stays inside the range, the more grounded will be the inevitable breakout.

ADA/USD

Cardano Price is attempting to break out of the overhead resistance at $0.181617. It has framed a little plunging triangle design, which will finish on a nearby underneath $0.153807. The drawback focus of this bearish example is $0.109567, which is near the June 29 lows. Hence, we propose trailing the stops on the current long position to $0.14.

ADAUSD Price Chart 28 July

ADAUSD Price Chart 28 July

ADA/USD

The ADA/USD combine will turn positive on the off chance that it breaks out of the downtrend line and moves above $0.181617. Our first focus on the upside is at $0.23.

Another plausibility is that the virtual money expands its combination amongst $0.15307 and $0.181617. Be that as it may, because of the development of a bearish example, we have chosen to decrease our hazard by raising the stops higher.

XLM/USD

In spite of the fact that we had foreseen a rally to $0.38, Stellar Price could just reach $0.36 on July 25.

XLMUSD Price Chart 28 july

XLMUSD Price Chart 28 July

XLM/USD

The plunge from the $0.36 was captured at the uptrend line, which is a positive sign. The bulls are probably going to make another endeavour to break out of $0.36. On the off chance that effective, the XLM/USD match can rally to $0.38. Financial specialists can book halfway benefits amongst $0.36 and $0.38, and hold the rest with a trailing stop misfortune.

Our bullish view will be nullified if the bears break underneath the uptrend line and the 20-day EMA. The financial specialists can raise the stops on the current long positions to simply underneath the 20-day EMA.

IOTA/USD

The bulls are losing steam on IOTA Price as it is making lower highs after each progressive pullback from the basic support at $0.9150.

IOTAUSD Price Chart 28 July

IOTAUSD Price Chart 28 July

IOTA/USD

Amid the present recuperation endeavour, the bulls have neglected to anchor a nearby over the 20-day EMA. This has prompted a development of a dropping triangle, which will finish on a nearby beneath $0.9150. The subsequent decay can reach out to $0.5175 with discontinuous support at $0.666. In this way, we prescribe a stop loss of $0.8850 on the current long position

The IOTA/USD combine will hint at first recuperation in the event that it can manage over the downtrend line and will get force above $1.33.

TRX/USD

Tron Price is as of now confronting a solid resistance at the 50-day SMA and the downtrend line. The range is getting crushed between the downtrend line and $0.031.

TRXUSD Price Chart 28 July

TRXUSD Price Chart 28 July

TRX/USD

We are probably going to witness a separate out or a break of this tight range. On the off chance that the bulls break out of the downtrend line, a rally to $0.056 with minor resistance at $0.044 and $0.052 is likely.

On the off chance that the bears break beneath the July 12 lows, the TRX/USD match can dive to $0.0228. We will sit tight for another purchase setup to shape before recommending any exchanges on it.

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5 Comments

5 Comments

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#Bitcoin Cash Price Analysis

Bitcoin Cash falling to 0? Is BCH worthless?

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Today, Bitcoin Cash price fell below Ethereum and this is for the very first time that BCH has fallen below ETH since its inception.

Bitcoin Cash has been falling sharply since the hard fork happened last month which led to the generation of Bitcoin Satoshi Vision. Today, Bitcoin Cash price fell below Ethereum and this is for the very first time that BCH has fallen below ETH since its inception.


Bitcoin Cash is currently trading around $79 while ETH trades around $84 according to CoinGecko (at the time of writing).
Along with the price, the total market capitalization of Bitcoin Cash has also fallen bringing down BCH on the 7th position in cryptocurrencies according to CoinMarketCap.

 

Is it the end for BCH?

Bitcoin Cash team has been continuously trying to attack the real bitcoin from the day of its inception. The team has been trying to bring Bitcoin Cash to mainstream adoption but it doesn’t seem that they have been successful in that. Unlike Bitcoin which truly has a good amount of adoption rate by merchants throughout the world, Bitcoin Cash does not have much of an adoption. Besides that, the daily transactions of BCH are nearly 1/10th of Bitcoin.

Bitcoin Cash Price Analysis

Technical Indicators:

Support Level: $75

Resistance Level: $84

BCHUSD 2 day chart

BCHUSD 2 day chart

In the 2 day chart, Bitcoin Cash was trading at around $96 yesterday and crashed down to around $78 today where it is currently being traded. The main support level of BCH lies around $75 and the resistance level is around $83. BCH is currently trying to recover back from the recent crash but the selling pressure however is quite high which may push the price downwards and Bitcoin Cash could even fall below $70 in short term. However, market analysts are predicting that the price of BCH is likely to fall below $50 before the end of the year.

The following article is not a financial advice. Readers are advised to do their own research and analysis before making any investment decisions in the cryptocurrency market. 

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#Bitcoin

Roger Ver & Bitmain face lawsuit for allegedly hijacking Bitcoin Cash Network

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Roger Ver and Bitmain along with others have been alleged to take control of the Bitcoin Cash network for personal gains.

After the deadly hash-wars between Bitcoin Cash ABC and Bitcoin Cash SV teams, which eventually led to the entire cryptocurrency market downfall, Roger Ver and Bitmain along with others have been alleged to take control of the Bitcoin Cash network for personal gains.

United American Cord issues a statement saying:

“What is alleged to have been a well-planned scheme to take control of the Bitcoin Cash network for personal gain and which caused a global capitalization meltdown of the Bitcoin Cash network at the expense of others”

 

The lawsuit against Roger Ver, Bitcoin.com & Bitmain and others

The lawsuit is against Roger Ver, Bitcoin.com, Bitmain and Kraken and seeks damages and injunctive relief for the victims. The lawsuit alleges that:

“in unfair methods of competition and through a series of unconscionable, deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders”.

 

Bitcoin Cash ABC planted a “poison pill” during the hard fork

It is furthermore alleged that after the hard fork of Bitcoin Cash, on 20th November, 2018, the Bitcoin ABC team planted a “poison pill” into the blockchain code in order to remain in control of the network at all times. This also makes Bitcoin ABC a centralized blockchain.

The full statement by American Cork can be found here.

 

At the time of writing this article, Bitcoin ABC is trading at $102.00 while Bitcoin SV is trading at $106.47


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#Bitcoin Cash Price Analysis

Bitcoin Cash ABC Price Analysis: BCHABC going down to $100?

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Bitcoin Cash ABC price fell below the $150 support level due to the selling pressure and may now test the next support at $120.

Support Levels: $140, $130, $120

Resistance Level: $145

 

Key Points

  • As of yesterday’s predictions, Bitcoin Cash ABC price broke the key support at $150 and went below this range.
  • A new resistance at $145 is creating a bearish trend line on the 1-hour chart.
  • BCHABC will likely fall below $140 if the selling pressure keeps increasing.

Bitcoin Cash ABC price fell below the $150 support level due to the selling pressure and may now test the next support at $120.

 

Bitcoin Cash ABC Price Analysis

As of yesterday’s predictions, Bitcoin Cash ABC price broke $150 support level and is trading below $145 with a resistance set around $145 and $150. BCHABC is currently trading at a yearly low of $142 (at the time of publishing) according to CoinGecko Charts and may extend losses below $130 to test the next support level of $120.


 

The daily charts of BCHABC predict that BCHABC price is currently under massive selling pressure. The price will fall further breaking the small support levels at $140 and $130 to test the major support at $120.

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