On Monday it can be pretty spicy and sharp on the market and it is likely that many will not withstand the pressure. World markets will have to respond to the negative news from last Friday. On Monday, markets will open and not only analysts expect massive slumps, which will also be reflected in cryptocurrency values.
[XRP / USD] In 2020 to present value: -9.84%
We are currently running at $ 0,1722 USD per piece. The chart shows the upward channel, which after the rebound at this year’s low 0.113 USD still managed to bounce into a short bullish channel. On Monday, however, will open world markets, which already on Friday indicated a fall. Ripple could break the growing channel if world markets begin to fall on Monday. If this happens, the bulls will lose the confidence of the growing channel and we can fall to the nearest support, which is $ 0.145.
[BCH / USD] In 2020 to present value: 3.5%
This year’s bottom is down to $ 130. In 2020, we saw a high of $ 500, which is almost unreal 73.6%. We are currently seeing a slight increase in both Bitcoin and the entire market. Bitcoin Cash moved north to USD 211, but these values are already facing the first resistance of the bears. We see the closest support at $ 164, and I am afraid that if the world markets open today with slump and continue until the end of the day, then $ 200 for one piece of BCH will not hold and we will be heading to the already mentioned $ 164. Everything will be decided today and during the week. I remain skeptical about the growth and I am still waiting for some drops, which will probably put down many miners who prefer to shut down their machines.