Bitcoin Cash, Cosmos, VeChain Price Analysis: 01 August

With Bitcoin hovering as much as $42,000 at present, different altcoins pumped too. BCH was making ready to check its fast resistance, ATOM hiked by 8% in a single day, and VET flashed indicators of an uptrend. 

Bitcoin Money

Bitcoin Cash, Cosmos and VeChain Price Analysis: August 1

BCH/USD, TradingView

Bitcoin Money was buying and selling at $554 on the again of a 2.1% achieve during the last 24 hours. From the 4-hour chart, BCH depicted an upward motion in direction of its fast resistance of $566. On failing to check the identical, the costs may land close to the $544 mark after which subsequently relaxation on $528. 

The Relative Energy Index regardless of noting a slight fall in shopping for stress stayed properly throughout the bullish territory. The inexperienced sign bars on the Superior Oscillator depicted the presence of the bulls available in the market.

Conversely, nonetheless, the MACD flashed purple bars on the histogram at press time after a bearish crossover yesterday, though it was declining in measurement marking a reversal of the bearish sentiment on the indicator. 

Cosmos (ATOM)

Bitcoin Cash, Cosmos and VeChain Price Analysis: August 1

ATOM/USD, TradingView

ATOM displayed a substantial hike of just about 8% inside a day. It alt was priced at $12.88 at press time. If it continued shifting on the upside, the token would possibly cross the fast value ceiling of $12.96. 

If ATOM reaches the $12.96 mark over the upcoming buying and selling periods, it may anticipate sturdy resistance at $13.60. If the coin dips beneath its present value degree, the help area lies at $12.00 after which ultimately at $11.53. 

Total technical outlook of ATOM remained fairly bullish with the Relative Energy Index noticed above 60 regardless of a minor fall. Superior Oscillator confirmed amplified inexperienced alerts bars validating the identical. 

Bollinger Bands widened suggesting probabilities of market volatility as costs stored touching the higher band. 

VeChain (VET)

Bitcoin Cash, Cosmos and VeChain Price Analysis: August 1

VET/USD, TradingView

VET had seen a interval of consolidation a number of days again, nonetheless, it rebounded from that and registered regular positive aspects over the previous couple of days. VET’s value at press time stood at $0.0913 because it recorded a 5.2% achieve in a single day. 

The technical evaluation chart confirmed that VET witnessed a bullish commerce, with the Relative Energy Index touching the overbought zone simply 24 hours in the past. At press time, nonetheless, the indicator fell beneath the overbought territory.

Chaikin Cash Movement, over the previous couple of days, registered elevated capital inflows and was pictured within the bullish zone regardless of the minor fall in capital inflows at press time. 

Bollinger Bands opened up in anticipation of elevated market volatility. With costs touching the higher band, the bulls would possibly push the costs larger. The fast resistance for VET lay at $0.93, failing to check that, the help area awaited at $0.0870 after which at $0.801.

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By Xnode24

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