Bitcoin cash price analysis – locking up the bears
A new upwards trend is just beginning to control the market, after the bearish wave was successfully reversed during Monday’s late trading sessions. Our technical analysis is in favor of continuation of the new bullish wave, so we can see the resistance around the 23.6% Fibonacci retracement ($1,278.14) breached during the upcoming 24 hours.
Ethereum price analysis – heading towards $900
Ethereum price continued on rising along the new uptrend line that has been evident since last Friday. The market’s bulls managed to take the price up to $892 during Tuesday’s trading sessions. The resistance around the 38.2% Fibonacci retracement is currently being tested. As per our technical analysis, ethereum price will most probably breach this resistance level and rise above $893.59 during the next 24 hours. However, a downwards price correction attempt might become evident prior to a strong upwards trend that will push ethereum price upwards near the $900 price mark.
