The price of Bitcoin Cash (BCH) is in a downtrend, finding support above the $101.94 price level.
The bears have undercut the $110 support, which has held since July 25. However, the former level of $110 has become a resistance.
On October 13 and 17, buyers failed to sustain the bullish momentum above the $110 high. It is likely that the cryptocurrency will fall to a low of $101 or $96. If the support at $101 holds against it, BCH/USD will be forced to move between $101 and $120. At the time of writing, the altcoin is trading at $107.96.
Bitcoin Cash Indikator Liesen
BCH has continued to fall to the 39 level of Relative Strength for the 14 period. The decline may continue as the cryptocurrency’s price bars are below the moving average lines. Bitcoin Cash is in a bearish momentum as it is below the 40% area of the daily stochastics. A further decline will push the cryptocurrency asset into oversold territory.
Technesch Indikatiounen
Schlëssel Resistenz Zonen: $ 130 an $ 150
Schlëssel Ënnerstëtzung Zonen: $ 120 an $ 100
Wat ass den nächste Wee fir Bitcoin Cash?
BCH has reached bearish exhaustion as it has fallen to the low of $101. The current support is likely to hold as buyers prepare to push the altcoin to the previous highs. A rise in price will catapult BCH above the moving average lines.
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-96-low/