The cryptocurrencies enjoyed a great popularity in recent weeks, and the entire market is worth over $ 200 billion. In daily analyses, we will look at the most popular currencies and the occasional opportunities you can use when trading on the Polish BitBay.


Ethereum Classic

The alternative Ethereum – ETC is mentioned in the top 10 in terms of capitalization. At the beginning of the week, the value reached the level of the last high at $ 14 (ETCUSD), since then buyers have been keeping prices close to maximum, which is a positive sign.

In addition, the level of 13.25 very well separates the buying and selling zone, it is worth observing the reaction of the price after reaching there. Currently there is some consolidation and Price Action – Inside bar formation. Older brother – Ethereum remains insensitive to recent increases in ETC.

Bitcoin Cash

Another mainstream currency, Bitcoin Cash, has also emerged as a result of the division of the chain of blocks, which is today doing well and is growing by more than 2%. Ranked third in terms of capitalization (by coinmarketcap.com).

Looking at the H4 graph, I see a triangle is forming, the place to continue bouncing between the edges ends. An interesting area of support is the area of 0.810-0.834 set in 29 October and 2 November, where is placed the point D of Gartley harmonic formation.

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