{"id":394034,"date":"2019-08-23T05:00:01","date_gmt":"2019-08-23T05:00:01","guid":{"rendered":"https:\/\/wncen.com\/?p=394034"},"modified":"2024-06-11T13:00:13","modified_gmt":"2024-06-11T13:00:13","slug":"crypto-market-and-bitcoin-approaching-resistance-etc-bch-eos-trx-analysis","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-market-and-bitcoin-approaching-resistance-etc-bch-eos-trx-analysis\/","title":{"rendered":"Crypto Market And Bitcoin Approaching Resistance: ETC, BCH, EOS, TRX Analysis"},"content":{"rendered":"
Bitcoin (BTC) and the crypto market cap is correcting losses. Ethereum classic (ETC), ICX, tron and IOTA are surging, while BNB, Ethereum<\/a>, BCH, ripple<\/a>, litecoin and EOS are facing hurdles.<\/em><\/p>\n After a downside break below the $300 support, BCH price tested the $290 level against the US Dollar. The BCH\/USD pair found support and recently started an upside correction. The pair is now trading nicely above the $300 and $305 levels. However, there are many key resistances on the upside near the $315 and $320 levels.<\/p>\n On the downside, the $300 level might act as a short term support, below which the price is likely to resume its decline in the near term.<\/p>\n There was a sharp increase in Ethereum classic price in the past few sessions from the $5.00 support area. ETC price rallied close to 20% and it broke many important resistances near the $6.50 and $7.00 levels. If there is a downside correction, the same resistances near $7.00 and $6.50 may now act as supports.<\/p>\n Tron price is currently recovering after setting a new monthly low near $0.0165. TRX price is up more than 8% and it is now trading near the $0.0180 level. However, there are many important resistances on the upside near the $0.0185 and $0.0192 levels.<\/p>\n EOS price remained well bid above the $3.350 level and it recently started a decent recovery. The price gained around 5% and it is now trading near the $3.650 resistance. If there are more gains, the price could test the $3.800 resistance in the near term. On the downside, the main supports are $3.500 and $3.350.<\/p>\nBitcoin Cash Price Analysis<\/h2>\n
Ethereum Classic, EOS, Tron (TRX) Price Analysis<\/h2>\n