Bitcoin cash price analysis – new ascending triangle pattern
Bitcoin cash price managed to temporarily break through the resistance around the 23.6% Fibonacci retracement level, recording a high of $1,306 during Thursday’s early sessions. A new ascending triangle is now evident on the chart, so bitcoin cash price will most probably fall again below this crucial resistance level. Thereafter, an upward trend will most probably become evident after bouncing off the newly observed rising support level around $1,240.
Ethereum price analysis – indecisive market
Ethereum price dropped slightly below the rising support level, which has been evident since February 6th, during Wednesday’s trading sessions. However, the market’s bulls took the upper hand again during Thursday’s early trading sessions pushing the price up to $870. Currently, the market seems indecisive, so the price may drop near $812, before rising again to test the resistance around $893.59.
