DASH/USDThis is the third consecutive week that Dash has been a top performer with a gain of about 10% in the past seven days.
The pullback in the DASH/USD pair from the recent highs of $142.3419 was shallow as the bulls purchased the dip close to $90.2989, which is the 50% Fibonacci retracement level of the recent rally.
We do not expect the pair to resume its up move in a hurry.
The price action in BSV has been volatile in the past few weeks as the market participants digested the various news reports on the legal case between Craig Wright and the estate of his former business partner Dave Kleiman.
After the hugely volatile price action in the week before, the past seven days saw a drop in volatility.
The pair is likely to remain range-bound between $337.80 and $236 for the next few weeks.
After the sharp up move of the past few weeks, we anticipate the BSV/USD pair to digest the gains.
We expect the ETC/USD pair to consolidate near the top of the $10 to $3.40 range.
Contrary to our assumption, if the price slips below $8, it is likely to weaken further and dip to the next support at $6. Such a move will keep the pair range-bound for a few more weeks.
The XTZ/USD pair is range-bound between $1.65 and $0.82 for the past few months.
Top 5 Cryptos This Week: HEDG, DASH, BSV, ETC, XTZ
Published on Jan 26, 2020
by Cointele | Published on Coinage
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