The price of Bitcoin Cash (BCH) is in a downward correction as the altcoin fluctuates between moving averages. The current downtrend has eased as the altcoin finds support above the $290 low.
Analiza pe termen lung a prețului Bitcoin Cash: urs
Today, BCH is trading at $338.60, but fluctuating between moving averages. Bitcoin Cash will move if the moving average line is broken. If the bulls break the 21-day line SMA to the upside, BCH will regain the previous high of $390. Conversely, the altcoin will regain the previous low of $290 if the 50-day line SMA is broken.
On April 12, the price of BCH rose to its previous highs. The bulls broke out above the 50-day line SMA, but failed to break above the 21-day line SMA.
Citirea indicatorului Bitcoin Cash
BCH Has fallen to the 50 level of the Relative Strength Index for the 14 period. It indicates that there is a balance between supply and demand. BCH Price is between the moving averages, which indicates that the altcoin will continue to fluctuate for a few more days. BCH is above the 80% range of the daily stochastic. This means that the altcoin has reached the overbought zone.
Indicatori tehnici:
Zone de rezistență cheie: 800 USD, 820 USD, 840 USD
Zone cheie de asistență: 400 USD, 380 USD, 360 USD
Care este următorul pas pentru Bitcoin Cash (BCH)?
Currently, Bitcoin Cash is in a sideways movement. The altcoin is fluctuating between $320 and $350 price levels. The price action is also characterized by small candles called doji. The candlesticks indicate that buyers and sellers are undecided about the direction of the market.
Declinare de responsabilitate. Această analiză și prognoză sunt opiniile personale ale autorului și nu sunt o recomandare pentru cumpărarea sau vânzarea de criptomonede și nu ar trebui privite ca o aprobare de către Coin Idol. Cititorii ar trebui să își facă propriile cercetări înainte de a investi fonduri.
Source: https://coinidol.com/bch-renge-and-ready/