BCH / USD
Bitcoin Cash has left the bearish trend line and is currently trying to overcome the 20 day EMA. There are a number of resistors between $ 1,100 and $ 1,200.
Currently, the cryptocurrency remains in a downward trend, since both moving averages are falling and the price remains below them. Once it remains above $ 1,200, we can expect the BCH / USD pair to attract buyers and go up to $ 1,600. We should wait for Bitcoin Cash to break the 50-day SMA before suggesting any operation.
On the negative side, $ 980 and $ 880 will act as a strong support in the falls.
XRP / USD
In our previous analysis, we had recommended a long position for Ripple of $ 0.71, which was filled on March 19. The stop loss for the operation is $ 0.53, which is just below the minimum of March 18.
On March 20, the XRP / USD pair formed a pattern of candles inside the day. The range has been reduced again today, showing indecision between bulls and bears.
If the consolidation of the last two days comes out of $ 0.73, the pullback will gain strength.
On the positive side, bassists will represent a tough challenge in the area between the 20-day EMA and the 50-day SMA. Once the price comes out of the $ 0.9 level, the cryptocurrency should go up to $ 1.1 and then to the upper end of the $ 1.2 range.
We have to close the position if the price strives to break any of the resistances mentioned above.
