Bitcoin Cash has formed a bullish triangle pattern on the chart and may see an upward move after testing the $ 326 support level. IOTA is trading in a range and seems to have lost momentum in both directions in the short term.
Bitcoin Cash (BCH) price analysis
Bitcoin Cash formed a descending triangle pattern on the 4-hour charts. This pattern often continues with prices rising, and such a development could offer a target of $ 375 for BCH in the coming days.
A close below the triangle will see the price test the $ 326 support level. If this support level breaks, a strong bearish move can be expected for BCH and a downside target could be $ 315.
The RSI showed that the momentum was neutral, but shifting towards the bearish side for BCH as it dropped below 50 and stopped at 45.
Therefore, the key levels to watch are a break past $ 333 and $ 326 as support and $ 345 for an upward move.
IOTA price analysis
IOTA continues to trade in the $ 0.3 resistance and $ 0.28 support range. At the midpoint of the range, at $ 0.29.
OBV recorded low peaks to show rising sales volume behind IOTA. The Awesome Oscillator showed that momentum supports neither the bulls nor the bears. This is unlikely to change unless there is a break in the range.