BITCOIN CASH (BCH) (BCC) | Pump And Dump? | Lots Of Money To Be Made
Bitcoin Cash Price Technical Analysis – BCH/USD Targets Fresh Highs
Bitcoin Cash Price Technical Analysis – BCH/USD Targets Fresh Highs
Bitcoin cash price declined recently Bch Price Converter , but it found support near $740 against the US Dollar.
There is a new connecting bullish trend line forming with support at $750 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is placed nicely above $740 and the 100 hourly simple moving average, which is a positive sign.
Bch Price Converter
, bitcoin cash price found sellers near $800 against the US Dollar. The price started a downside correction and traded below the $780 and $760 support levels. There was also a break below the 50% Fib retracement level of the last leg from the $721 low to $800 high. However, the downside move found support near a crucial level at $740 and the 100 hourly simple moving average.
BCH buyers protected further declines, resulting in an upside move above the $750 level. It has moved above the 23.6% Fib retracement level of the last decline from the $800 high to $742 low. However, the upside move is facing sellers near the $770 level. Moreover, the 50% Fib retracement level of the last decline from the $800 high to $742 low is also near $770. Therefore, a break above the $770 level is needed for
. Above $770, the price could retest the last swing high at $800. And, if buyers remain in control, the price may even break the $800 level for a new high.
above, there is a new connecting bullish trend line forming with support at $750. As long as the price is above $740-750, it remains supported.
– The MACD for BCH/USD is about to move back in the bullish zone.
Bitcoin Cash Price Technical Analysis – BCH/USD Targets Fresh Highs
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Bch Price Converter
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