For the second day, BCH quotes have been significantly reducing, and today it reached the level of 267.00. A downward correction has affected the entire cryptocurrency market but experts disagree on determining its causes. A wide range of versions is given, from sales of a large Chinese fraudulent PLUS Token project to a sharp decline in the US stock market indices.
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19.08.2019 - 13.08.2019
Last week, XRP quotes left the sideways range of 0.3051–0.3235 (Murrey [2/8]–[5/8] H4) and fell to the level of 0.2929 (Murrey [2/8] D1). The consolidation of the price below it will give the prospect of a further decline to the levels of 0.2807 (Murrey [–2/8] H4) and 0.2660. Otherwise, the rate may resume growth and return to the levels of 0.3235 (the upper line of Bollinger bands) and 0.3418 (Murrey [3/8] D1). In general, there are no serious motion drivers yet, and the market is in a state of uncertainty.
For about a month, ETH quotes have been trading within the range of 200.00–237.50 (Murrey [0/8]–[6/8] H4), and there are no drivers for a more significant movement.