Greetings everyone

I am LeaderIcarus and welcome to this technical analysis. It's Oct 14, 18:50 UTC, and the crypto market is in decline, the reason is mainly due to the correction phase, after the gains of the last week. Market capitalization has been over $350  billion since Oct 10. Right now is slightly less than yesterday, but still, it is $364 billion, while daily volume is around the average amounts, at $46 billion.

Today, we will analyze the two biggest coins, along with a new addition, which shows something very interesting on its charts. Please, for any request about technical analysis, on the comments, down below. Let's dive in..

BTC/USD

First and foremost Bitcoin broke the resistance level of $11,200 and now is testing $11,500. The daily chart points out a bullish continuation sign, even if the resistance will be strong, but the 4 hours chart is showing a correction stance, that will be more clear to the hours to come. Either way, I believe that the support - formerly resistance - level of $11,200 can hold and rebound back to retest $11,500, a couple more times.

Bitcoin now trades at $11,377, gaining +6.9% from the last seven days, and a low daily volume of $19.4 billion. Its dominance is still around 57.3%

ETH/USD

Similar, as always, the Ethereum chart is forming a REsistance/support level at $385, which has already been tested once - even touched $390 - and it should be retested, again.

The market share of Ethereum is 11.7% and is trading at $375, increased by 10.2% since last week.

BCH/USD

Bitcoin Cash is trading at $254 and charts looking bullish, enough, but you have to watch about the Resistance level at $259. It is a really strong level with multiple tests during March to July time frame, until broke out.

The interesting fact that I mentioned at the beginning of this Analysis, is about the charts below and this particular Resistance level. The first, the left one, is now, and the second, the right one, is about July 2020. You can notice the similarity of them, with the only difference, that we know as a fact that in the second chart the price went up to #335 a couple of days after the end of the month.

The similarity is huge, and it would be good to keep in mind about this.

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