Bitcoin Cash price is falling as sellers are undercutting the moving average lines.
Analiza pe termen lung a prețului Bitcoin Cash: urs
BCH hit a low of $108 today. Bearish momentum could reach the low of $100 before the downtrend reverses. BCH had previously rallied to a high of $119, but had encountered resistance at the $120 level. Buyers attempted to keep the price above the $120 resistance area on December 5, but were knocked back at the $117 high. The altcoin is under selling pressure once again, which ruins the bullish scenario. On the downside, BCH will reverse when it falls to $100.
Afișajul indicatorului Bitcoin Cash
As BCH is currently at the 48 level of the Relative Strength Index for the 14 period, this indicates a possible decline. The price of the cryptocurrency is below the moving average lines, indicating further losses. BCH is currently trading below the level 20 of the Daily Stochastic. This indicates that the oversold area for BCH has been reached. The bearish momentum is likely to weaken.
tehnice de indicatori
Zone de rezistență cheie: 160 USD, 180 USD, 200 USD
Zonele de suport majore: 120 USD, 100 USD, 80 USD
Care este următoarea direcție pentru BCH /USD?
After rejecting the high at $120, the price of Bitcoin Cash is currently declining. The cryptocurrency is returning to its previous low of $100. BCH has made an upward correction during the December 5 downtrend, and a candlestick has tested the 61.8% Fibonacci retracement level. After the correction, BCH will fall to the 1.618 Fibonacci extension level or $104.74.
Disclaimer. Această analiză și prognoză sunt opiniile personale ale autorului și nu reprezintă o recomandare de cumpărare sau vânzare de criptomonede și nu ar trebui privite ca o aprobare de către Coin Idol. Cititorii ar trebui să facă propriile cercetări înainte de a investi în fonduri.
Source: https://coinidol.com/bitcoin-cash-120-%20high/