{"id":206042,"date":"2021-12-10T17:30:18","date_gmt":"2021-12-10T12:00:18","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=206042"},"modified":"2021-12-10T13:25:32","modified_gmt":"2021-12-10T07:55:32","slug":"matic-bitcoin-cash-avalanche-price-analysis-10-december","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/matic-bitcoin-cash-avalanche-price-analysis-10-december\/","title":{"rendered":"MATIC, Bitcoin Cash, Avalanche Price Analysis: 10 December"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">After a short recovery window, the crypto market continued its bearish drift. As a result, altcoins like Bitcoin Cash, MATIC and AVAX were down by over 4% in 24-hours.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin Cash and Avalanche flashed weak technical indications after forming a bearish flag on their 4-hour chart. Also, after hitting its six-month high on 8 December, MATIC joined the near-term bearish bandwagon.\u00a0<\/span><\/p>\n<h4><strong><span data-preserver-spaces=\"true\">MATIC<\/span><\/strong><\/h4>\n<figure id=\"attachment_206045\" aria-describedby=\"caption-attachment-206045\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/MATICUSDT_2021-12-10_12-25-14.png\"><img decoding=\"async\" class=\"wp-image-206045 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/MATICUSDT_2021-12-10_12-25-14.png\" alt=\"\" width=\"2985\" height=\"1308\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/MATICUSDT_2021-12-10_12-25-14.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/MATICUSDT_2021-12-10_12-25-14-300x131.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/MATICUSDT_2021-12-10_12-25-14-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/MATICUSDT_2021-12-10_12-25-14-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/MATICUSDT_2021-12-10_12-25-14-1536x673.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/MATICUSDT_2021-12-10_12-25-14-2048x897.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-206045\" class=\"wp-caption-text\">TradingView, MATIC\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Since 19 November, the alt has been on a steady incline. MATIC oscillated in an up-channel (yellow). Although it saw a substantial pullback on 3 December, the bulls quickly revived. After a double-bottom breakout, MATIC witnessed a solid upturn. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The alt saw a staggering 51.82% ROI from the 6 December low until it poked its six-month high on 8 December. Accordingly, the price breached its six-month-long resistance at the $2.22-mark.\u00a0<\/span><span data-preserver-spaces=\"true\">However, the altcoin lost over 16% value over the past two days as the bears ensured the aforementioned level. <\/span><span data-preserver-spaces=\"true\">At press time, MATIC traded at $2.13. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The\u00a0<\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">stood weak below the mid-line after finding support at the 42-mark. Also, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">OBV<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0exhibited decreasing buying pressure. Although the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">MACD\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">lines waved above the equilibrium, they implied a bearish influence. The\u00a0<\/span><strong><span data-preserver-spaces=\"true\">ADX\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">displayed a weak directional trend for MATIC.<\/span><\/p>\n<h4><strong><span data-preserver-spaces=\"true\">Bitcoin Cash (BCH)<\/span><\/strong><\/h4>\n<figure id=\"attachment_206044\" aria-describedby=\"caption-attachment-206044\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/BCHUSDT_2021-12-10_11-45-07.png\"><img decoding=\"async\" class=\"wp-image-206044 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/BCHUSDT_2021-12-10_11-45-07.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/BCHUSDT_2021-12-10_11-45-07.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/BCHUSDT_2021-12-10_11-45-07-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/BCHUSDT_2021-12-10_11-45-07-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/BCHUSDT_2021-12-10_11-45-07-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/BCHUSDT_2021-12-10_11-45-07-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/BCHUSDT_2021-12-10_11-45-07-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-206044\" class=\"wp-caption-text\">TradingView, BCH\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">As pointed in the <a href=\"http:\/\/ambcrypto.com\/polkadot-solana-bitcoin-cash-price-analysis-9-december\/\">previous article<\/a>, BCH continued its downturn after forming a bearish flag. Consequently, The alt was down by over 4.2% in the past 24 hours. This decline pushed the price below the 20-50-200 <\/span><strong><span data-preserver-spaces=\"true\">SMA<\/span><\/strong><span data-preserver-spaces=\"true\">, depicting a superior selling power.<\/span><strong><span data-preserver-spaces=\"true\">\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">After a 13.7% down-channel breakout on 24 November, BCH continually fell and formed a descending triangle (yellow) in its 4-hour chart. Thus, with the increased bearish force, the bulls failed to uphold the two-month resistance at the $544.1-mark.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At press time, BCH traded at $453.7. The <\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">displayed weak signals and struggled to stay above the half-line for two weeks. Also, the <\/span><strong><span data-preserver-spaces=\"true\">DMI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">hinted at a slight bearish preference. Further, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">AO\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">plunged below the zero-line and reaffirmed the previous conclusions.<\/span><\/p>\n<h4><strong><span data-preserver-spaces=\"true\">Avalanche (AVAX)<\/span><\/strong><\/h4>\n<figure id=\"attachment_206046\" aria-describedby=\"caption-attachment-206046\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-10_12-48-30.png\"><img decoding=\"async\" class=\"wp-image-206046 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-10_12-48-30.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-10_12-48-30.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-10_12-48-30-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-10_12-48-30-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-10_12-48-30-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-10_12-48-30-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/AVAXUSDT_2021-12-10_12-48-30-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-206046\" class=\"wp-caption-text\">TradingView, AVAX\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">AVAX persistently slackened after striking its ATH on 21 November. Since then, the alt registered an over 48% loss until the price poked its one-month low on 3 December.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The digital currency formed a bearish flag over the past week post an up-channel breakout. Thus, as the bulls tried to uphold the overhead resistance at $87.7, the bears breached it to push the price below the 4-hour 20-50-200\u00a0<\/span><strong><span data-preserver-spaces=\"true\">SMA<\/span><\/strong><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Consequently, at press time, AVAX traded at $85.94 after noting a 5.96% 24-hour loss. The <\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">was southbound after it saw strong resistance at the half-line. Further, the <\/span><strong><span data-preserver-spaces=\"true\">AO\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">flashed red signs as it oscillated below the zero-line.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a short recovery window, the crypto market continued its bearish drift. As a result, altcoins like Bitcoin Cash, MATIC and AVAX were down by over 4% in 24-hours.\u00a0 Bitcoin Cash and Avalanche flashed weak technical indications after forming a bearish flag on their 4-hour chart. Also, after hitting its six-month high on 8 December,<a href=\"https:\/\/ambcrypto.com\/matic-bitcoin-cash-avalanche-price-analysis-10-december\/\">Continue reading <span class=\"sr-only\">&#8220;MATIC, Bitcoin Cash, Avalanche Price Analysis: 10 December&#8221;<\/span><\/a><\/p>\n","protected":false},"author":55,"featured_media":206049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,52,18,66,3,4,20],"tags":[1266],"class_list":["post-206042","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-bitcoin-cash-bch-news","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view","tag-matic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MATIC, Bitcoin Cash, Avalanche Price Analysis: 10 December - AMBCrypto<\/title>\n<meta name=\"description\" content=\"After a short recovery window, the crypto market continued its bearish drift. 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