Bitcoin cash price analysis – heading towards $1,300
Bitcoin cash price broke out of the ascending triangle pattern in a downwards direction and will most probably continue on dropping to test the support level around $1,194.30 (38.2% Fibonacci retracement). As per our technical analysis, the downwards trend will most probably be reversed and bitcoin cash will start rising towards $1,300 during the next 24 hours or so.
Ethereum price analysis – bearish momentum slowing down
Ethereum price failed to consolidate above the resistance around the 38.2% Fibonacci retracement during Monday’s trading sessions, falling down to a day low of $838 on Tuesday. As per our technical analysis, ethereum price will most probably rise during the next 24 hours to attempt testing the resistance around the 38.2% Fibonacci retracement ($860.34).
