In the last few hours of trading, Bitcoin Cash is trying to overcome the green downtrend line from the all-time high and head for the resistance at USD 520. If the BCH price reaches and overcomes this resistance on the daily close, a renewed attack on the yearly high in the area of the 127 Fibonacci extension is likely. If the 626 USD is broken upwards, a subsequent rise to the 138 Fibonacci extension at 669 USD on the way to the 161 Fibonacci extension at 760 USD can be expected. In the area of USD 760, investors are likely to collect more profits again.
If the bulls manage to overcome this strong resistance dynamically, the maximum medium-term price targets at USD 885 and USD 909 will come into view. If the overall market continues to move northwards in the coming weeks, a price rise to USD 1,149 would not be out of the question in the medium term. A correction to the horizontal support line at USD 13.12 would also be unproblematic from a bull perspective. Should Polkadot also dynamically Chapter 3: Federalism and the Separation of Powers undercut these support lines, strong resistance from the bull camp is to be expected at the latest at the EMA20 at 11.75 USD. If Polkadot stabilises above this price level on the daily closing price, new attack attempts in the direction of USD 15.66 and especially USD 17.73 can be expected. If this resistance is also dynamically overcome, the area around the all-time high above USD 19.02 will once again come into the focus of investors.
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If the DeFi sector continues to develop positively, a rise to the 561 Fibonacci extension at USD 22.37 is also conceivable. For the time being, this price level should be seen as the maximum target for the coming week. The first price target on the downside would be the high at 10.66 USD. The super trend in the daily chart also runs in this area, which is why bullish investors will try to take the reins again.
If, on the other hand, the DOT price slips below this key support on the daily closing price, a correction to USD 8.95 is to be expected. The 161 Fibonacci extension and the upper edge of the trend channel are located at this cross support. If this support is also dynamically undercut, an extension of the correction back to USD 7.89 is conceivable.
Bitcoin trending sideways, polkadot rises
Investors took advantage of this temporary price weakness in particular to increase their investments in cryptocurrencies from the DeFi sector. Similar to most other cryptocurrencies, the price of Bitcoin Cash suffered a significant setback at the beginning of the week. After reaching a new 52-week high of USD 626 on 10 January, the BCH price subsequently corrected back to the important support at USD 403. On a daily basis, BCH defended the EMA20 and is currently rising back towards USD 520.
- Should Polkadot also dynamically undercut these support lines, strong resistance from the bull camp is to be expected at the latest at the EMA20 at 11.75 USD.
- The correction of the leading currency Bitcoin also caused prices of altcoins to fall.
- After reaching a new 52-week high of USD 626 on 10 January, the BCH price subsequently corrected back to the important support at USD 403.
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- On a daily basis, BCH defended the EMA20 and is currently rising back towards USD 520.
- This review is the subjective opinion of a Tripadvisor member and not of Tripadvisor LLC. Tripadvisor performs checks on reviews.
A very nice hotel in a quiet location, nice and helpful staff, We had a lovely, spacious room with a large terrace, our e-bikes were safely storred in a garage. We also had a dinner there and we totally understood why this restaurant has one of the highest ranking in the town. Wide breakfast selection was a confirmation of a high standard of service in this property. The RSI is currently trending slightly southwards in the daily chart, but with a value of 72 it still has a buy signal.
In the coming days it will be easy to see if the trend in January 2021 will be different, not least because in 2018 it took only four days to go from $1,400 to $1,000. A few days ago Ethereum had tried to set a new ATH, but actually only succeeded on a few exchanges. This review is the subjective opinion of a Tripadvisor member and not of Tripadvisor LLC. Tripadvisor performs checks on reviews.
Only if this support level is also sustainably broken downwards will the maximum bearish price target at USD 6.16 be activated. As long as the price of Polkadot remains above the green trend channel, the bullish scenario of a temporary consolidation is much more likely. The past trading week was marked by significant volatility on the overall market. The correction of the leading currency Bitcoin also caused prices of altcoins to fall.
New ATH for Ethereum
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On a weekly basis, the BCH price corrected by around 20 percentage points in the meantime. In 2018, after touching an all-time record, the price collapsed, falling first below $1,000, then below $600, and then below $400, in three months. Claim your listing for free to respond to reviews, update your profile and much more. When autocomplete results are available use up and down arrows to review and enter to select. According to CoinMarketCap, the new all-time high recorded today is $1,467.78, while according to CoinGecko it would be $1,459.93. Today, however, the price of ETH has finally, without a shadow of a doubt, reached its new all-time high.