Bitcoin Cash, Monero, Dogecoin Price Analysis: 15 September

Tuesday 15 September 2020, 6:23 PM AEST - 1 month ago

Bitcoin briefly slumped to $10,200 in the past couple of days as traders feared another sell-off but recovered swiftly to breach the $10,500 level and was trading at $10,737 at press time.

Capture-13.jpgSource: CoinStats

However, evidence of BTC inflow to exchanges could forecast another wave of selling pressure for Bitcoin. Bitcoin Cash and Monero showed strength in the markets as they moved upward with momentum. Dogecoin continued to languish in a downtrend.

Bitcoin Cash [BCH]

PA-1-BCHUSD.pngSource: BCH/USD on TradingView

Bollinger bands constricted around BCHs price for a week, before BCH broke out upwards on a move with good trading volume.

The mouth of the bands widened to show higher volatility as the price surged toward resistance at $244.

It is possible that BCH will breach the $244 level and flip it to support. Such a flip would indicate the beginning of an uptrend after a period of consolidation.

Monero [XMR]

PA-1-XMRUSD.pngSource: XMR/USD on TradingView

Monero bounced off the support level at $75.6 region to begin moving in an ascending channel. XMR also moved

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