Ethereum Classic, Binance Coin and Tezos Price Analysis: 29 August


Ethereum Traditional and Binance Coin remained consolidated. Whereas, ETC confronted rejection at $65.48 and dipped 2.3% over the past 24 hours, BNB additionally struggled to maneuver costs above the $485 mark. Lastly, Tezos recorded a considerable surge of 12.7% since yesterday and achieved a multi-month excessive. 

Ethereum Traditional (ETC)

Ethereum Classic, Binance Coin and Tezos Price Analysis: 29 August

ETC/USD, TradingView

Ethereum Traditional dipped by 2.3% over the past 24 hours and was buying and selling at $63.88. If it continues to face rejection on the $65.48, the coin may drop to the $58.09 worth flooring.  

Shopping for strain struggled to revive itself, because the Relative Power Index simply managed to maneuver upwards from the 50-mark. The inexperienced bars on MACD‘s histogram on signaled that the bulls have been shedding floor.

The identical studying was demonstrated on the Superior Oscillator as a sequence of pink sign bars have been halted by one session in inexperienced.  If the consolidation breaks and ETC travels upward and topples over $65.48, it’d meet with resistance at $71.96 after which at $76.12. 

Binance Coin (BNB)

Ethereum Classic, Binance Coin and Tezos Price Analysis: 29 August

BNB/USD, TradingView

BNB solely gained 0.1% over the past 24 hours, and continued to exhibit a restricted worth motion. The anticipated vary for BNB’s worth motion remained at $485.61 and $460.42. A continued range-bound motion longer than just a few extra buying and selling classes may push costs to search out help on $460.42.

At press time, the coin was buying and selling at $485.61. Bollinger Bands, in settlement with the above assertion additionally flashed tightening of the bands. 

Shopping for strain declined because the Relative Power Index threatened to fall beneath the half-line. Superior Oscillator additionally famous pink sign bars confirming that costs may flip bearish over the upcoming classes. 

On the flipside, resistance lay on the $517.02 stage. 

Tezos (XTZ)

Ethereum Classic, Binance Coin and Tezos Price Analysis: 29 August

XTZ/USD, TradingView

XTZ rallied 12.7% over the past 24 hours and was priced at $6.12. The final time that worth of Tezos was at this stage, was on 16 Might. Ergo, this marked a multi-month excessive for the alt. 

Toppling over the present worth, XTZ may retest its subsequent resistance of $6.37, which XTZ broke over, final on 14 Might. Furthermore, XTZ’s parameters remained bullish on the 4-hour chart.

The asset was noticed contained in the overbought zone as seen on the Relative Power Index. MACD displayed enlarged inexperienced bars on its histogram whereas Superior Oscillator depicted amplified inexperienced sign bars. 

Probabilities of a worth correction stay within the image, within the case of which, the help zone for XTZ stood at $5.08 after which at $4.31.



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