8 May 2020.
Bitcoin Cash technical analysis shows that bulls need to hold price.
we could then see the BCH/USD pair rallying towards the $360.00 area.
Bitcoin cash price is back in a bearish zone below the $245 support against the US Dollar. BCH/USD is likely to continue.
Bitcoin cash price tested the $650-660 support area and recovered against the US Dollar. There is a crucial bearish trend line in place with resistance at $710 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the trend line, $710.
Bitcoin has begun to stutter over the past 24-hours as it slumped to a five percent move to the downside, with it currently.
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The Elliott Oscillator has had a red session, following two consecutive green sessions. BCH/USD has three strong resistance.
Bitcoin Cash Price Analysis: BCH/USD slumps under descending channel support Bitcoin Cash followed in the footsteps of Bitcoin and other major cryptocurrencies. The price is down 4% on the day.
Bitcoin Cash, like much of the cryptocurrency market, has stagnated in terms of price action over the past six weeks as it.
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Bitcoin cash price is trading above the $1,120 support with a neutral bias against the US Dollar. There is a key bearish trend line forming with resistance at $1,295 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair is trading with a neutral bias as long as it is above the $1,120.
Last week, Bitcoin Cash (BCH) was slowly recovering from a substantial dip earlier.
There is a high probability price will accumulate for a few more days/ weeks.
Recent move of the Bitcoin Cash is followed by big ascending wedge, which can go up if bitcoin/usd will go up too. Possible to reach $254 in short-term. But don’t forget about possibility to go down towards $240. Mid-term target could be near $270 DISCLAIMER: If you following somebody with good Risk/Reward and Win Ratio.
26 May 2020.
Bitcoin Cash Price Analysis: BCH Broke The Crucial Resistance At.
While most of the top cryptocurrencies created a new 7-week high, Bitcoin Cash is still.
As can be seen on the graph, Bitcoin Cash is relying on the green.
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Bitcoin cash price has formed a support base around the $1480 level against the US Dollar. There was a break above a crucial bearish trend line with resistance at $1630 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair is still struggling to gain upside momentum above the $1700 and $1800 resistance levels.