Bitcoin Cash, MATIC, ZCash Price Analysis: 11 July

Bitcoin Money, MATIC, and Zcash’s buying and selling volumes fell by 34.07%, 32.02%, and three.17% respectively, over the past 24 hours. BCH famous no appreciable worth motion over the previous few days, nevertheless, whereas MATIC was on a downtrend regardless of some shopping for strain. Lastly, Zcash registered some market weak spot. 

Bitcoin Money [BCH]

Bitcoin Cash, MATIC and ZCash Price Analysis: July 11

BCH/USD, TradingView

BCH was buying and selling sideways, regardless of experiencing worth corrections on 23 June. The token has been shifting directionlessly for the final couple of weeks. At press time, Bitcoin Money was shifting to seek out its base rested on its essential help degree of $475. At press time, the altcoin was buying and selling at $495.87. Its worth fell by 0.5% and constant motion alongside the identical sample will push the worth down beneath $475 quickly. 

Blended alerts have been noticed on the Superior Oscillator as pink sign bars popped up fitfully as a result of bearish buying and selling classes in between bullish buying and selling classes. Shopping for strain elevated faintly, on the time of writing, because the Relative Power Index famous a tiny uptick. 

A bullish crossover was noticed on 9 July, following which, short-term bullish momentum was seen on the MACD indicator. Nonetheless, bullish momentum had began to say no at press time. Total, no vital momentum was noticed for BCH. 


Bitcoin Cash, MATIC and ZCash Price Analysis: July 11

MATIC/USD, TradingView

After some range-bound motion, the market bears pushed MATIC’s worth beneath its essential help degree of 1.03, at press time. The worth was noticed to be oscillating between $1.03 and $1.02.  This marked an 8% decline in worth over the previous week. MATIC’s buying and selling quantity additionally took a big dip on the charts.

Promoting strain emerged over the previous few days. Nonetheless, because the worth noticed completely no change over the previous 24 hours, patrons once more discovered themselves buying the token. The Relative Power Index pictured a small improve in shopping for strain at press time. In correspondence to the shopping for strain, the Chaikin Cash Circulate additionally registered a hike in capital inflows. 

With the worth descending since yesterday, the Parabolic SAR confirmed that the dotted strains have been above the worth ranges, a discovering which confirmed a downtrend on the charts.

Zcash [ZEC]

Bitcoin Cash, MATIC and ZCash Price Analysis: July 11

ZEC/USD, TradingView

Publish worth restoration on 23 June, ZEC’s costs consolidated between the $110 and $131 help and resistance ranges. At press time, the coin was buying and selling beneath the help degree of $110, nevertheless. ZEC was priced at $109.19, and if the bulls fail to achieve energy, it may fall all the way down to the $93.53 help degree. 

The dotted strains of the Parabolic SAR have been seen beneath the candlesticks, an indication of an uptrend. The Bollinger Bands flashed a special sign, nevertheless, because the indicator tightened and pointed to low market volatility. If the worth rises, the subsequent resistance degree for ZEC could be at $131. 

The Common Directional Index affirmed the trendless worth motion of the alt because the indicator remained beneath the 20-mark on the time of writing.

Source link

By Xnode24

Leave a Reply

Your email address will not be published. Required fields are marked *