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31.10 - 18:17
Bitcoin Cash, Cosmos, Aave Price Analysis: 21 October
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While Bitcoin’s price rallied and breached the $67,000-mark, altcoins’ price action projected the resultant domino effect.
Along with the likes of Bitcoin cash, Cosmos, and Aave, many altcoins saw bullish price action in the near to long term. However, an analysis of Aave seemed to show signs of an overbought position.
Bitcoin Cash [BCH]
Source: TradingView, BCH/USD
BCH was trading at $651.31 and appreciated by 6.83% over the last 24 hours. The altcoin broke out of its immediate resistance level, which stood at $639.19. Unless consolidation happens, the altcoin aims to look at its new resistance level at $764.69. BCH’s price floor stood at $494.89. The technical indicators visibly pointed towards bullish tendencies in the near term.
Relative
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