Posted on: October 13, 2020 Posted by: admin Comments: 0

The Bitcoin market has recorded impressive gains in the last few days. This further influenced the valuation of its fork coin Bitcoin Cash. The technical indicators for Tezos were fairly bullish on the charts as well. Basic Attention Token (BAT), was displaying weakness in its buying momentum while BAT noted the possibility of an uptrend, post its horizontal price movement.

Bitcoin Cash [BCH]

Source: BCH/USD on TradingView

Bitcoin Cash successfully breached above its support and resistance levels $239.79 and $245.33 respectively. The price movement hinted towards a breakout of its ongoing consolidation for the past few days.

The digital asset noted bullish momentum from its technical indicators. After a bullish crossover, the MACD line rose above the signal line. Further, the Relative Strength Index also recorded a positive buying pressure, hovering over the 60 level at press time.

Bitcoin cash given the current scenario is likely to aim towards its next resistance at $ 245.33.

Tezos [XTZ]

Source: XTZ/USD on TradingView

Tezos was up by almost 5%