Bitcoin Cash, MANA, Sushi Price Analysis: 03 March

ambcrypto.com:

After observing a rising wedge breakdown on its 4-hour chart, Bitcoin Cash bulls needed to defend the 50 EMA to hold their grounds. Further, MANA continued to face a hurdle at its supply zone while its technicals displayed decreasing buying influence. Also, Sushi endeavored to cross its 20 EMA while exhibiting an advantage for the bears. 

Bitcoin Cash (BCH)

Source: TradingView, BCH/USDT

As the bearish phase heightened, BCH sharply fell and lost its year-long support (now resistance) at the $387-mark. After a nearly 28% retracement (from 10 February), the alt matched its January lows. BCH oscillated between the $387-$260 range for over seven weeks. 

The latest retracement saw a down-channel (yellow) that yet again tested its 15-month support at the $260-floor. As a result, the price reversed and went up by more than 31% before pulling back from the rising wedge (white). Now, the 50 EMA (cyan) confluences with the horizontal $216-mark to form immediate support.

At press time, BCH traded at $317.5. After nosediving from the 70-mark, the RSI took a break below the equilibrium, but the 47-support stood sturdy. Furthermore, the DMI lines took a bearish crossover. But its ADX still stood fairly weak, revealing a weak directional trend. 

Decentraland (MANA)

Source: TradingView, MANA/USDT

Since touching its 11-week low on 22 January, the alt saw a staggering 107.4% ROI until 9 February. Post which, it dropped below crucial price points. 

Over the past few days, MANA grew in a rising wedge on its 4-hour chart. The Supply zone (rectangle) created after the recent sell-off still stood strong as the alt struggled to cross the $2.7-mark. Now, any close below the wedge could lead to a $2.5 retest.

At press time, MANA traded at $2.69. The RSI con