Bitcoin SV, Ethereum Classic, VeChain Price Analysis: 09 September

Thursday 10 September 2020, 5:41 AM AEST - 1 month ago

Bitcoin was able to defend the $10,000 level but the rest of the cryptocurrency market saw red as selling pressure hadnt been completely exhausted. At press time the king coin was being traded at $10,192 with a 24-hour trading volume of $86.5 billion.

Capture-7.jpgSource: CoinStats

Bitcoin SV exhibited a bearish pattern and could be poised for a drop. Ethereum Classic formed a bearish pattern that could see its price drop to the next level of support. VeChain struggled to move above a 20 period moving average and showed it was still under bearish pressure.

Bitcoin SV [BSV]

PA-3-BSV-2.pngSource: BSV/USD on TradingView

BSV formed a rising wedge, a bearish reversal pattern. Price had been in an uptrend for the past few days but it could change.

BSV is likely to drop once more to find support in the $146 region. $150 has also served support, and we can expect the zone from $145 to $150 to have buyers.

Price met resistance at $180 region and slipped lower but some trading sessions saw strong buying sessions. It remained to be seen if those were isolated candles or if they were indicative of a rise past resistance.

RSI has been in the neutral region around 50 for the past few days.

Ethereum Classic [ETC]

PA-3-ETC-1.pngSource: ETC/USD on ...

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