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#Bitcoin Cash Price Analysis

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, EOS, Cardano, Stellar, IOTA, TRON: Price Analysis, 11 August.

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The Bitcoin Price downtrend can reach out to the following support levels at $5,400 and $5,000. ETH will pick up strength if the price supports above $620.

BTC/USD

The bulls have protected the basic support level at $6,075.04 for as far back as two days. In spite of the fact that this is a positive sign, a more honed pullback would have given us more noteworthy certainty that the bulls are forcefully purchasing at these levels. As the recuperation has been feeble, we should depend on different signs to anticipate the following plausible heading on Bitcoin.

BTCUSD Price Chart 11 August

BTCUSD Price Chart 11 August

The moving midpoints are very nearly finishing a bearish hybrid, which is a negative sign. Then again, the RSI is near the oversold domain, which demonstrates the offering has been overcompensated and a pullback is likely.

Any pullback will confront a hardened resistance at the downtrend line of the plummeting triangle and after that at the moving midpoints. The virtual money will hint at the primary bullishness once it maintains above $7,200.

There is a probability for the BTC/USD match to remain extend bound somewhere in the range of $6,000 and $8,500. We have arrived at this conclusion in light of the fact that the base — around $6,000 — and the best — around $8,500 — have held twice since May of this current year. In this manner, forceful brokers can enter long positions at $6,800 with the stops beneath $5,900 and anticipate that a rally will $8,500. This is a hazardous exchange since we are hopping the weapon, so we recommend utilizing just 30 percent of the typical distribution. Positions can be included after the price maintains above $7,200.

Our perspective of the development of a range will be refuted if the bears sink prices underneath $5,900. Under such conditions, the downtrend can reach out to the following support levels at $5,400 and $5,000.

ETH/USD

Ethereum is attempting to skip off the basic support at $358. On August 8, the tumble to $346.35 was the most minimal level since November 19 of a year ago. The pullback on August 9 was unremarkable as the price withdrew from $370.39.

ETHUSD Price Chart 11 August

ETHUSD Price Chart 11 August

In the event that the bears drive the prices underneath $346, the fall can reach out to $280. In spite of the fact that the RSI is as of now in the oversold region, we are not sure about a ricochet yet on the grounds that amid the past fall in late Walk of this current year, the RSI had progressed toward becoming profoundly oversold before a recuperation happened.

We will turn positive on the ETH/USD combine once it supports over the 50-day SMA. Until at that point, we recommend merchants stay on the sidelines.

XRP/USD

Ripple tumbled to $0.32 on August 8, just beneath our proposed focus of $0.32862. In the event that this level additionally breaks, the following stop is at $0.24001.

XRPUSD Price Chart 11 August

XRPUSD Price Chart 11 August

Despite the fact that the RSI is in a profoundly oversold domain, the feeble endeavour to pull back on August 9 demonstrates that the purchasers are in no rush to purchase the cryptographic money.

We will sit tight for the XRP/USD match to frame a bullish example before turning positive on it. The principal indication of strength will be the point at which the price maintains over the 50-day SMA.

BCH/USD

Bitcoin Cash made another year-to-date low on August 8 when it tumbled to $564.9304. The pullback endeavor on August 9 confronted a barricade at $619.7510.

BCHUSD Price Chart 11 August

BCHUSD Price Chart 11 August

The BCH/USD combine can now retest the support at $537.8221, which is the intraday low made on November 8 of a year ago. This is a noteworthy support; henceforth, we envision a solid purchasing in the zone of $537.8221 — $619.7510. The pair will pick up strength if the price supports above $620.

Then again, if the bears break beneath $537.8221, the coin can droop to $400.

EOS/USD

After a fizzled pullback endeavor on August 9, EOS is probably going to extend its descending move to the following support zone of $3.8723 — $4.3396.

EOSUSD Price Chart 11 August

EOSUSD Price Chart 11 August

We like that the EOS/USD match is as yet citing great over its year-to-date lows. The oversold levels on the RSI point to a plausible bounce back from the zone somewhere in the range of $3.8723 and $4.3396. We will sit tight for a solid bob to emerge before prescribing any purchases on the combine.

Our bullish view will be discredited if the bears break and support beneath $3.8723.

LTC/USD

Litecoin has remembered the distance back to the levels last observed in mid-November of a year ago. This is a negative sign.

LTCUSD Price Chart 11 August

LTCUSD Price Chart 11 August

An endeavour to pull back on August 9 failed out at $65 and right now the bears are attempting to stretch out the decay to the following focus of $57.

Between late September to early November of a year ago, the LTC/USD match over and over discovered support near the $48 — $52 zone. Along these lines, we anticipate that this zone will go about as a solid support amid the present fall.

Any pullback will confront a firm resistance at the 20-day EMA and at $74.074. We will sit tight for the pattern to change before proposing any long positions on it.

ADA/USD

The pullback endeavour on August 9 couldn’t scale over the $0.13 line. The past solid support will now go about as a solid resistance. Except if Cardano rapidly transcends $0.13, it is in danger of separating of $0.111843.

ADAUSD Price Chart 11 August

ADAUSD Price Chart 11 August

Underneath $0.111843, the following level to keep an eye out for is $0.078215. Any fall underneath this level will push the ADA/USD match into an uncharted domain, which is a bearish sign.

We will turn positive on the cryptographic money after it quits falling, breaks out of the downtrend line and ascensions above $0.15.

XLM/USD

Stellar ricocheted pointedly on August 9, which is a positive sign. This demonstrates the bulls are quick to claim it on plunges.

XLMUSD Price Chart 11 August

XLMUSD Price Chart 11 August

The level of $0.184 is one to look out for on the drawback since it has held since December of a year ago. Despite the fact that it was broken on a couple of events, the bears couldn’t maintain the prices beneath $0.184. Subsequently, we anticipate that the support will hold this time also.

On the off chance that, in opposition to our desire, the digital currency maintains underneath $0.184, it will wind up negative and can drop to $0.09. As we are generally bullish on the XLM/USD combine, we may recommend a purchase once it maintains over the moving midpoints.

IOTA/USD

The oversold level on the RSI has neglected to draw in purchasers. Particle keeps on looking frail on the charts, with a plausible drop to the example focus of $0.5721. In the event that this level likewise breaks, the following stop can be at $0.5 — $0.52.

IOTAUSD Price Chart 11 August

IOTAUSD Price Chart 11 August

Verifiably, an oversold level on the RSI has brought about a pullback. On the past two events when the RSI was near oversold levels, the Particle/USD match stayed in a range for a couple of days before climbing.

In this way, if the bulls guard one of the previously mentioned support levels, the match may endeavour a pullback. Any recuperation endeavour will confront a solid resistance at the past solid support of $0.9150. We will sit tight for a bullish example to create before recommending any long positions.

TRX/USD

Tron is attempting to skip off the basic support at $0.022806. In spite of the fact that the bulls have safeguarded the support for as long as two days, they have neglected to accomplish an important pullback.

TRXUSD Price Chart 11 August

TRXUSD Price Chart 11 August

The bears will now endeavour to break the support at $0.022806. In the event that fruitful, the TRX/USD combine will turn out to be to a great degree negative. The lower levels to look out for are $0.018297 and $0.01095383. Be that as it may, both of these are not exceptionally solid support levels, henceforth, it is hard to anticipate where the purchasers will advance in.

Our bearish view will be discredited if the bulls purchase the plunge beneath $0.022806 and push the prices above $0.02801344. Long positions ought to stay away from until the point when the prices balance out.

#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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