Hello Friends ,
The majors hold on in the early hours following the weekend recovery,
with resistance levels in play today as the investors look to break free from
the bearish sentiment that has pinned the majors down of late.
1. Bitcoin Cash Holds What is your opinion... ?
Bitcoin Cash gained 3.31% on Sunday, following on from Saturday’s 1.4% rise,
to end the day at $725, the weekend gains cutting the weekly loss to just 3.22%.It was a bullish day, with a start of the day $697.6.
intraday low holding well above the first major support level at $687.27
before a day long rally ensued, Bitcoin Cash breaking through the day’s first
major resistance level at $714.77 and second major resistance level at $727.63 to an intraday high $733.1
prior pulling back to $720 levels by the day’s end.
At the time of writing, Bitcoin Cash was up just 0.03% to $724.1.
-For the day ahead, a move back through $726.5 would support a run at the day’s first major resistance level at $739.53 to bring $740 levels into play, though sentiment across the Failure to move through to $730 levels could see Bitcoin Cash pullback through the morning low $716.2 to test
the day’s first major support level at $704.03, with sub-$700 support levels in play should sentiment deteriorate,
though we would expect support to keep Bitcoin Cash at $700 levels by the day’s end.
2. Lite-coin may be $80...???
Litecoin gained 2.9% on Sunday, reversing three consecutive days of losses, to end the week down 4.5% at $78.51.
A fall through the day’s first major support level at $75.51 to an intraday low $75.36 was the only bearish move of the day,
with Litecoin tracking the broader market through the rest of the day,
breaking through the day’s first major resistance level at $77.27 and second major resistance level at $78.23 to hit an intraday high $79.25 before easing to $78 levels by the day’s end.While it was a bullish day, the late pullback and test of the day’s first major support level will have left investors wary going into tLitecoin was down 0.2% to $78.35,
with a start of the day run at $80 levels and the day’s first major resistance level at $80.05 coming up short with a morning high $79.For the day ahead, a move back through to $79 would support a break through to $80 levels to test the first major resistance level at $80.05.
_3. Ripple Looks To Start UP Trend...???
Ripple’s XRP gained 2.2% on Sunday, following three consecutive days of losses, to end the week down 6.49% at $0.44684.
A start of the day intraday low $0.43469 saw Ripple’s XRP hold above the day’s first major support level at $0.4316,
with a broader market bounce driving Ripple’s XRP through the day’s first major resistance level at $0.4439 to test
resistance at the second major resistance level at $0.4504 with an intraday high $0.45003 before pulling back to $0.44 levels in the final hours.While it was a relatively bullish day, with Ripple’s XRP hitting $0.45 levels for the first time since Thursday,
failing to make a run at $0.50 levels continued to leave the extended bearish trend intact.For the day ahead a move back through the morning high would support a run at $0.45 levels to bring the first major resistance level a $0.4530 into play, while $0.50 levels will be out of reach at the start of the week.
Ripple’s XRP pullback through the morning low $0.44226 to $0.43 levels to test the day’s
first major support level at $0.4377 before any recovery, sentiment across the broader market
suggesting a close at $0.45 levels on the day.
please share what is your opinion about holding...
thank you
reference:
Bob Mason
https://www.fxempire.com
