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BCH is on a bearish run while ETC and XMR continue their bullish ride

Rakshitha Narasimhan

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BCH is onto a bearish run while ETC and XMR continue their bullish ride
Source: Unsplash

Bitcoin did not see a fast recovery post the crash on March 12, but lately, it has been trying to hold onto $7,000 level; BTC was trading at $7,210.35, at press time. Some altcoins that saw a quick recovery are expecting a downward breakout in the coming days.

Source: BCH/USD, TradingView

Bitcoin Cash is among those coins which have managed to recover post the March 12 crash. As seen in the above chart, BCH has been trending upward since March 14 and maintained support at $205.44. However, since the start of April, the coin has recorded minor downward breakouts and as indicated by MACD indicator’s bearish crossover, the coin might be in for a bearish run in the near future.

Resistance: $272.83, $404.79, $494.14
Support: $205.44, $166.44

At press time:

Price: $238.91
Market Cap: $4,441,593,961
24-hour Trading Volume: $3,763,253,369

Ethereum Classic

Source: ETC/USD, TradingView

ETC recorded a slight increase in its price. The coin is likely to follow the uptrend in the near future as confirmed by CMF indicator which rests above the zero line.

Resistance: $5.9, $8.40, $12.36
Support: $4.79, $4.47, $3.77

At press time:

Price: $5.54
Market Cap: $649,765,977
24-hour Trading Volume: $1,705,484,847

Monero

Source: XMR/USD, TradingView

Monero is one of the fast recovering coins, post the ‘Black Thursday’. While some coins like LTC, XRP, and LINK have switched to a downtrend trend lately, XMR has stayed the course; the coin has maintained constant support at $44.16 for quite some time. Awesome Oscillator indicator hints at a further bullish run and contracting Bollinger Bands signal low volatility in the coming days.

Resistance: $69.93, $95.39
Support: $53.18, $44.16, $32.14

At press time:

Price: $57.80
Market Cap: $1,019,260,398
24-hour Trading Volume: $117,730,101

A Psychology and Journalism graduate, Rakshitha focuses on UK and Indian markets. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.