Bitcoin Cash price (BCH) resumed its upward correction after rising above the moving average lines.
Bitcoin Cash Präis laangfristeg Analyse: Bearish
Today, buyers could not continue the uptrend as they encountered resistance at the $120 high. Nonetheless, the cryptocurrency could retrace and find support above the $110 level. By the way, this is the price trend since August 19.
Since the price collapse on August 19, BCU/USD has been in a sideways movement between the $110 and $120 price levels. Neither the bulls nor the bears have broken this trading range. BCH will resume upward momentum when buyers overcome resistance at the $120 high. The bullish momentum will extend to the upper resistance at $164.
Bitcoin Cash Indikator Liesen
BCH has reached the 52 level of relative strength for the 14 period. This is due to the recent upward price correction. The cryptocurrency is moving higher as the price bars remain above the moving average lines. The cryptocurrency will continue to rise as long as the price bars remain above the moving average lines. The altcoin is declining as it is below the 80% range of the daily stochastic.
technesch Indicateuren
Schlëssel Resistenz Zonen: $ 130 an $ 150
Schlëssel Ënnerstëtzung Zonen: $ 120 an $ 100
Wat ass déi nächst Bewegung fir Bitcoin Cash (BCH)?
BCH Is in an upward correction to the previous highs. The current downtrend has subsided. On the downtrend on September 13, the price corrected up from BCH and the candlestick tested the 78.6% Fibonacci retracement level. The retracement suggests that BCH will fall to the Fibonacci extension level of $1.272 or $110.62. After the price movement, the market fell back to the low of $106 and continued its upward trend.
Verzichterklärung. Dës Analyse a Prognose sinn déi perséinlech Meenungen vum Auteur a si keng Empfehlung fir cryptocurrency ze kafen oder ze verkafen a soll net als Entwécklung vum Coin Idol gekuckt ginn. Lieser sollen hir eege Fuerschung maachen ier se a Fongen investéieren.
Source: https://coinidol.com/bitcoin-cash-struggles-below/