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BCH / USD can go under $ 645. fall

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BCH / USD can go under $ 645.  fall

Bitcoin Cash Price Prediction – June 6th

The Bitcoin Cash coin formed a support level at $ 634 yesterday; currently on the same path. The coin is trading under selling pressure with no signs of recovery.

BCH / USD market

Key levels:

Resistance Levels: $ 900, $ 1000, $ 1100

Support levels: $ 400, $ 300, $ 200

BCHUSD – daily chart

BCH / USD is currently trading sideways as the price remains below the 9- and 21-day moving averages the crypto market is represented in ranges. Hence, a very light tiny candle forms towards the immediate support level. With regard to the position of the technical indicator, however, there was no noticeable change, as the market could continue to move sideways.

Bitcoin Cash Price Prediction: What’s the Next Step for BCH?

Also, with Bitcoin Cash price moving sideways, the bears could easily come back. At the moment, BCH / USD is currently facing critical support at the USD 655 level within the descending channel. Breaking below this barrier is likely to produce a huge downward red candle marking supports at $ 400, $ 300, and $ 200.

Additionally, a bullish move back will likely bring the market back to the $ 700 resistance, with resistance levels above the 9 and 21 day averages potentially at $ 900, $ 1000 and $ 1100, respectively, which are new highs for the market could represent. Still, traders can see the Relative Strength Index (14) hovering around the 40 mark due to the indecision of the market.

Compared to Bitcoin, BCH’s performance has been very low due to the indecision of the market move which is moving the market sideways. In the meantime, if the price drops below the lower bound of the channel, sellers can continue to pose an additional threat to buyers to hit the 0.017 BTC support level where the next target is.

BCHBTC – daily chart

However, for a positive rebound, the coin can cross the 9- and 21-day moving averages to hit resistance levels of 0.023 BTC and above. On the flip side, a negative spike could retest the support at 0.016 BTC before potentially slipping to 0.015 BTC and below. In addition, trading volume is dwindling as the RSI (14) moves in the same direction, suggesting sideways movement.

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Cryptocurrency

Cardano SPO column: WeQanhet (WEQNT)

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Cardano SPO column

This week’s guest at the Cardano SPO column is a purpose-oriented participation pool with several Charity projects in developing countries, including solar lighting and freshwater fountain: WeQanhet (WEQNT).

Last week’s guest was a Stake pool managed by a single operator who creates in-depth Cardano-related educational content.

This initiative is a reference point for everything Cardano and every week or two we invite Stake pool operators (SPO) to answer some questions and to give us an update directly from the Cardano community.

When you consider that many of our readers are new to the crypto space, We’ll have a mix of simple and technical questions.

Hello Denicio, nice to have you here. Tell us a little bit about yourself, where are you from and what is your background?

Hello everyone, my name is Denicio Bernier and I come from the Netherlands. I got to blockchain in late 2017 after accepting a colleague’s challenge to come up with a list of projects that I thought were better than Ethereum and Bitcoin.

It took me a week researching multiple projects, but the only one that really caught my focus was Cardano. The reason Cardano caught my attention was because of the team behind the project and their goal of solving the land registry issue, something that has plagued my family for over 30 years.

Since discovering Cardano, I have devoted my time to learning more about the project and to informing others about it.

What made you decide to become a Cardano Ambassador and Stake Pool Operator?

Before I became an ambassador, I had a podcast that focused on interviewing community members. The idea behind the podcast back then was to show the world that Cardano has a real, lively and active community. The community back then wasn’t as big as it is now, so I wanted to show the world that we actually have a community from all over the world.

With regard to running a stake pool, I believe that every active community member should either operate a stake pool or delegate their stake to a community-based stake pool. As an ambassador, I see it as my duty to lead by example and to help secure the network by operating a single stake pool.

What charity projects are you working on and where?

Stake Pool WEQNT is dedicated to providing free solar lighting to people who live in rural desert areas in Africa. We do this with great love and passion for people and hope that through this we can help improve their quality of life. We are also in the process of raising funds to start drilling water wells for the same communities.

I believe that nobody has to walk kilometers just to get a bucket of water. In addition, the water taken from springs often contains a wide variety of bacteria that are not beneficial to people’s general health. So if we can help solve some of these problems with the help of the community, then that’s what we should do.

Your stake pool has been around since the ITN (Incentivized Testnet). Based on your experience, what advice do you have for new SPOs? How can they grow?

Indeed, I’ve been with the ITN. It was a very special time. We were all just learning how to set up an equity pool, market our business, and develop relationships with our delegates. Really an unforgettable time!
Since the ITN, I’ve always said that WEQNT wants to provide free solar lighting to people who live in rural desert areas in Africa, and yes, I’ve kept that commitment!

I would advise other SPOs who are just starting out or who are having difficulty attracting delegations to create more visibility for their company and to build honest and sincere relationships with their community of (potential) delegates

Thanks for your time. Any final thoughts? Where can people find you?

The pleasure is mine. I really enjoyed that. This is a great example of how someone can contribute to the advancement of the Cardano ecosystem – in your very own way.

If someone would like to support us, they can delegate to the WEQNT deployment pool.

We are a high-performance investment pool with a solid mission and we want to continue to grow and do more good for people in need.

 

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Cryptocurrency

Tezos, Cosmos, Waves Price Analysis: June 12th

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Tezos, Cosmos, Waves Price Analysis: June 12th

With total altcoin market cap down 6% on June 12, altcoins like Tezos, Cosmos and Waves also saw price moves south. These alts were already trading within their narrow ranges before seeing another drop in the charts towards the end of June 11th.

Last week, the Tezos ecosystem highlighted network growth in transactions when Tezos Israel won the Best Social Impact Award at the AIBC Summit. This didn’t help the Alt’s performance, however, as it fell nearly 10% in just one day. In addition, Waves and Cosmos were down 7% and 11%, respectively.

Tezos [XTZ]

In one recently analysis in a four-hour period, Tezos registered a sideways movement after the price decline on June 7th. However, at press time, the price of XTZ was moving south on the 1-hour chart at the end of June 11, causing the asset to lose 10%. However, there were slight signs of recovery when green candles appeared on the 1-hour chart at press time.

The asset was trading at $ 3.0 at the time of writing after breaking the $ 3.1 support level. Previously, XTZ fluctuated between the USD 3.1 support and the USD 3.5 resistance and the next major support was at USD 2.7.

The Bollinger bands for the Alt diverged sharply on June 12, indicating an increased price range and low volatility. In contrast, the capital inflows remained low, since the as Chaikin money flow traded below the equilibrium mark and headed south.

Furthermore, the MACD and signal lines ran close together, with a recent spike in the former suggesting a bullish crossover could take place.

waves [WAVES]

WAVES was trading at $ 13.7 at press time, with the Alt hovering between the $ 12.9 support and the $ 14.65 resistance level since the June 7 drop. The crypto asset is down 66.63% from its all-time high and had one KING -56.65% against the USD in the last 30 days.

On the 1-hour chart, Waves was up 4.4% as the Parabolic SARThe dotted lines of ‘began to appear under the candles. Accordingly, a bullish trend was in an upward trend, according to the Great oscillator appeared as green bars on the display.

Finally, that Relative Strength Index because the asset, which was briefly in the oversold zone, recorded a strong upward trend on June 12, which pulled it into the neutral zone. The RSI was 43.7 at the time of writing, indicating an increase in buying pressure.

cosmos [ATOM]

With the voting for Cosmos Hub’s suggestion Over time, the price of the asset fell. The update, which aims to increase the network’s rate of inflation and help protect it from unsuspecting shocks, has its voting deadline on June 16 Parabolic SAR‘s dotted lines under the candles.

Relative Strength Index after being oversold since June 11, the asset made a comeback to the neutral zone with a sharp surge in buying pressure pulling the indicator higher. However, at press time, the indicator was showing a slight downtrend and held a position at 31.39, barely holding the asset in the neutral zone.

Furthermore, the Squeeze momentum indicator highlighted the easing downward pressure. With the latest “squeeze publication”, indicated by white dots and the appearance of the dark red bars, the dynamic could be positive.

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Cryptocurrency

Ethereum price is steadily rising in jeopardy as further declines remain below $ 2,000

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Ethereum price is steadily rising in jeopardy as further declines

Ethereum has a complex time based on the support at $ 2,400 for gains above $ 3,000. For the past few days, the confluence resistance created by the 50 Simple Moving Average (SMA) and 100 SMA has prevented the bulls from extending price action higher.

The downward force is evident from day to day with the immediate support at $ 2,400 that is prone to immense losses. At the time of writing, Ether is trading at $ 2,455 amid developing bearish momentum.

According to the Relative Strength Index (RSI) on the 4-hour chart, the bearish trend could gain momentum in the short term. For example, this trend strength indicator forms a lower high pattern that reveals the growing bearish grip. Also, a break below the mid-line is likely to trigger massive sell orders as Ethereum plumbs the gap towards $ 2,000.

ETH / USD four-hour chart

BTC / USD price chart
BTC / USD price chart from TradingView

The Moving Average Convergence Divergence (MACD) indicator is undecided. In other words, it seems to be advocating sideways trading. However, it is important to know that the MACD is in negative territory, which means that the bears are more influential.

Traders should keep an eye out for the direction of the MACD line in the upcoming sessions. Note that we expect the price to decline further if the divergence below the signal line is increased. Lower support levels are expected at $ 2,100 and $ 1,750, respectively.

On the other hand, action above the signal line and possibly in positive territory will pull Ethereum towards the confluence resistance. Trading above the confluence resistance can catapult Ethereum to the USD 2,700 hurdle while creating the priority for another upswing towards USD 3,000.

Ethereum intraday level

Spot price: $ 2,460

Trend: Bearishly biased

Volatility: expansion

Resistance: The 100 SMA and the 2000 SMA

Support: $ 2.40, $ 2,100, and $ 1,750

Disclaimer of liability

The content presented may contain the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication assumes no responsibility for your personal financial loss.

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