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Ethereum Classic, Binance Coin, Tezos Price Analysis: Aug 29




Ethereum Classic and Binance Coin remained consolidated. While ETC faced a rejection to $ 65.48 and fell 2.3% in the last 24 hours, BNB also struggled to move prices above the $ 485 mark. Lastly, Tezos posted a substantial increase of 12.7 % since yesterday and reached a multi-month high.

Ethereum Classic (ETC)

Ethereum Classic fell 2.3% in the past 24 hours and was trading at $ 63.88. If it continues to face rejection at $ 65.48, the coin could fall to the low price of $ 58.09.

Buying pressure struggled to revive, as the Relative Strength Index it only managed to move up from the 50 mark. The green bars at MACDThe histogram indicated that the bulls were losing ground.

The same reading was demonstrated in the Awesome oscillator as a series of red signal bars stopped with a green session. If the consolidation breaks and ETC travels up and falls above $ 65.48, it could encounter resistance at $ 71.96 and then $ 76.12.

Binance Coin (BNB)

Ethereum Classic, Binance Coin and Tezos Price Analysis - Aug 29

BNB / USD, TradingView

BNB only gained 0.1% over the past 24 hours and continued to show restricted price action. The expected range for BNB price movement remained at $ 485.61 and $ 460.42. A continued move within the range longer than a few more trading sessions could push prices to find support at $ 460.42.




At press time, the coin was trading at $ 485.61. Bollinger Bands, according to the above statement also shone the trim of the bands.

Buying pressure decreased as Relative Strength Index threatened to fall below the midline. Awesome oscillator he also pointed to red signal bars confirming that prices could turn bearish in the coming sessions.

On the other hand, resistance was at the $ 517.02 level.

Tezos (XTZ)

Ethereum Classic, Binance Coin and Tezos Price Analysis - Aug 29

XTZ / USD, TradingView

XTZ rallied 12.7% in the last 24 hours and was priced at $ 6.12. The last time the Tezos price was at this level was on May 16. Ergo, this marked a multi-month high for the alt.

Breaking down the current price, XTZ could retest its next resistance of $ 6.37, which XTZ broke, the last time on May 14. Also, the p of XTZParameters remained bullish on the 4-hour chart.

The asset was detected within the overbought zone as seen in the Relative Strength Index. MACD displays enlarged green bars in its histogram while Awesome oscillator represented amplified green signal bars.

The chances of a price correction remain in the picture, in which case the support zone for XTZ settled at $ 5.08 and then $ 4.31.

This is a machine translation of our English version.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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