Bitcoin Cash, Monero and Waves Price Analysis: 20 August


Following Bitcoin and Ethereum’s hikes, altcoins mirrored related worth actions. BCH bounced off the $623.37 assist line and eyed touching the $672.68 worth ceiling. Monero gained by 5% and eventually, Waves ready to retest its $26.50 resistance stage. 

Bitcoin Money [BCH]

Bitcoin Cash, Monero and Waves Price Analysis: 20 August

BCH/USD, TradingView

Bitcoin Money logged positive factors of 4.4% during the last 24 hours, with the altcoin buying and selling at $656.83 after it bounced off the $623.37 assist. Indicators emanated a bullish worth sign for BCH. With sustained constructive worth motion, it will possibly retest the $672.68 resistance stage and once more try to the touch the $705.02 worth ceiling for the second time this month. 

The Superior Oscillator flashed rising inexperienced sign bars implying bullish motion. The MACD additionally displayed inexperienced histograms after a bullish crossover. 

Conversely, the Chaikin Cash Circulation remained under the half-line, in bearish territory, regardless of a hike in capital inflows. 

If the worth hovers across the press time stage over the following few buying and selling classes, BCH can fall again to the $623.37 assist line. 

Monero [XMR]

Bitcoin Cash, Monero and Waves Price Analysis: 20 August

XMR/USD, TradingView

XMR reversed its current losses with 5% positive factors during the last 24 hours. The rapid resistance for XMR lay at $275.58 and following a constant uptick, it may check the aforementioned resistance for the third time in the identical month. Technicals for Monero flashed bullish indicators. 

The inexperienced sign bars on the Superior Oscillator gained power. Correspondingly, the MACD additionally pictured inexperienced histograms. 

Shopping for strain recovered because the Relative Energy Index crept above the midline into bullish territory. 

Within the occasion the worth declines, the assist ranges would lie at $257.25 after which, at $233.25. 

Waves

Bitcoin Cash, Monero and Waves Price Analysis: 20 August

WAVES/USD, TradingView

Steering off the $21.85 assist line, Waves eyed the $25.32 resistance stage. With a steady uptrend, it may break above the aforementioned resistance stage to the touch $26.50 for the second time this month. 

The Superior Oscillator famous inexperienced sign bars underlining the onset of bullish worth motion. The MACD additionally began to look at the emergence of inexperienced histograms after a bullish crossover. 

Lastly, the Bollinger Bands remained parallel with convergence indicating that over the following few buying and selling classes, Waves may exhibit rangebound motion. 

If the worth falls, the assist ranges for Waves had been at $21.85 and $18.24.



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