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Bitcoin Cash, Synthetix, Dash Price Analysis: 30 November

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After a brief correction phase, Bitcoin rose past $18,000 once again, with the cryptocurrency trading at $18,501, at the time of writing. Bitcoin Cash could see a minor dip, but it can be expected to flip the level of resistance at $288 to support in the coming days. Further down the crypto-ladder, Synthetix recovered strongly from its recent drop and had short-term bullish momentum to spare. Finally, Dash had a strong uptrend going in its favor, one that could see gains posted in the coming hours. However, it remained to be seen if buyers will step in to flip a level of resistance to support.

Bitcoin Cash [BCH]

Bitcoin Cash, Synthetix, Dash Price Analysis: 30 November

Source: BCH/USDT on TradingView

The RSI on the 4-hour timeframe for BCH showed that the trend might have flipped to a bullish one as the indicator rose above 50 and dipped to retest the neutral zone.

This could see BCH drop on the charts, possibly as far as $275, before ascending towards the $288-resistance level once more.

The trading sessions that registered losses over the past few hours had weak trading volume, a finding that indicated that the price was likely to recover and move north once again.

Synthetix [SNX]

Bitcoin Cash, Synthetix, Dash Price Analysis: 30 November

Source: SNX/USDT on TradingView

Synthetix had retraced 61.8% of its latest drop from a swing high of $5.83 to a swing low of $3.61. The Awesome Oscillator crossed over into bullish territory for SNX as the token registered recovery on the charts.

There was some indecision in the market at the 61.8% level, and the price was pushed south once again over subsequent trading sessions. And yet, the overall short-term outlook remained bullish for SNX and the crypto could retest the $4.58-level as support before surging upwards once more.

Dash [DASH]

Bitcoin Cash, Synthetix, Dash Price Analysis: 30 November

Source: DASH/USDT on TradingView

The hourly chart pictured strong near-term bullishness for DASH. The Directional Movement Index showed a strong uptrend for DASH, with the ADX (yellow) above 20.

The CMF also complemented the bullish bias and showed that capital flowed into the market to indicate interest from buyers.

$114 is the level of resistance DASH previously faced in February, apart from the rejection it faced a few days ago. This level could prove to be stiff once more, and it remains to be seen if buyers can drive the price further north.


Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.
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