Day: March 5, 2018

Bitcoin cash price analysis – bearish wave ahead

Bitcoin cash price rose to $1,294 during Monday’s early trading sessions. The market is about to break out of an ascending triangle pattern in a downwards direction. According to our technical analysis, bitcoin cash price will most probably drop during the upcoming 24 hours to attempt testing the support level around $1,194.31 (50% Fibonacci retracement).

Ethereum price analysis – new descending channel

Ethereum price soared to $863, rising from Sunday’s day low of $834.46. The market seems to be moving along a new descending channel, so we will mostly see ethereum price drop down again near $830, before the market’s bulls can take the upper hand again.

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