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XRP Price Analysis, Ethereum Classic, EOS – Aug 30




Most altcoins reflected the same price patterns as Bitcoin and Ethereum, while posting minor losses. XRP fell 1.3% and approached the $ 1.06 price floor. Ethereum Classic prepared to rest at its immediate support at $ 58.09 and EOS traded near its low of $ 4.84 after falling 3.3%.

XRP

XRP fell 1.3% in the past 24 hours and was trading at $ 1.11. On the four-hour chart, XRP consolidation was seen, however a drop below current levels would cause XRP to trade at $ 1.06. XRP technical data remained bearish.

Relative Strength Index showed a drop in buying pressure when the indicator fell below the midline. Chaikin money flow it was also below the median line, marking a decrease in capital inflows.

Awesome oscillator showed mixed signals with green and red dotted signal bars signifying a consolidation phase in the market. If XRP breaks the consolidation to the upside, the immediate resistance level will be at $ 1.20 and then $ 1.31.

Ethereum Classic (ETC)

XRP, Ethereum Classic and EOS Price Analysis - Aug 30

ETC / USD, TradingView

ETC showed a downward movement on its chart, as it fell 2.2% on the previous day. It was trading at $ 61.60 and was preparing to rest on the immediate price floor of $ 58.09. Not resting at $ 58.09 could drive prices down even further, to $ 50.11.




The selling pressure increased in the market, as Relative Strength Index reflected the same, staying below the 50 mark. Chaikin money flow it threatened to fall below the median line as capital inflows continued to be low.

Tightening of Bollinger Bands implied that ETC was consolidating at the moment, the range remained between the levels of $ 65.48 and $ 61.60 respectively.

On the other hand, ETC resistance levels settled at $ 65.48 and $ 70.93, knocking down which, the coin could retest the $ 75.10 price level.

EOS

XRP, Ethereum Classic and EOS Price Analysis - Aug 30

EOS / USD, TradingView

Priced at $ 4.91, EOS posted a 3.3% decline in value over the past 24 hours. It was trading near its immediate support line of $ 4.84. A further drop could cause EOS to trade near the $ 4.24 level.

IThe indicators pointed to negative price action for EOS. Relative Strength Index It stood at 40, within bearish territory as the buying force fell. Green bars on the MACD histograms retreated during the last few trading sessions and approached a bearish crossover.

Bollinger Bands converged strongly, which implied that prices were restricted between $ 5.10 and $ 4.84. Conversely, if EOS regains its buying power, the maximum prices were at $ 5.10, $ 5.48, and then $ 5.87.

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: Tammy@oicanadian.com Phone: +1 513-209-1700

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