Bitcoin Cash, IOTA, Zcash Price Analysis: 29 December

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Ethereum and Bitcoin posted some losses over the past few hours and many altcoins did as well. Bitcoin Cash formed a bearish divergence and slipped beneath a level it had sought to flip to support, and IOTA has seen rising selling pressure over the past few days. Zcash approached a pocket of liquidity with bearish momentum, and further losses could see it travel as far south as $55.

Bitcoin Cash [BCH]

Source: BCH/USDT on TradingView

Bitcoin Cash exhibited a bearish divergence. Coupled with a BTC dip from $27,000 to $26,300, BCH also posted losses.

The $365 level rejected the price and BCH was trading at $342.7 at the time of writing. The RSI stayed above neutral 50. The $340-$350 region has been a region of interest in the past and could serve as support for BCH over the coming hours.

A dip below $338 would likely see BCH sink further and test support at $326 over the coming days.

IOTA

Source: IOTA/USD on TradingView

IOTA ascended above the $0.3 level in an attempt to flip it to support, but the past few hours have seen bears find some strength…

Source

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