Bitcoin Cash (BCH) is trading marginally above the 50-day line SMA. Over the past 48 hours, the altcoin has struggled to stay above $640 resistance.
Today, BCH is down to $633.60 and it is likely to continue downward. The cryptocurrency risks resuming a downtrend if the bears fall below the 50-day line SMA.
The 21-day line SMA has already been breached and the break of the 50-day line SMA will push BCH into the downtrend zone. In the downtrend zone, the altcoin is capable of falling downwards. If the 50-day line holds against it, BCH /USD will dive back into a trading range between $600 and $680. BCH has been in a trading range since the collapse on September 7.
Bitcoin Cash indikaatori lugemine
The cryptocurrency is at the 47 level of the Relative Strength Index for period 14. Bitcoin Cash is in a downtrend zone and below the centre line 50. The altcoin is in a position to fall to the downside. The cryptocurrency value is below the 80% range of the daily stochastic. This suggests that BCH is in a bearish momentum as it is rejected at $640.
Tehnilised näitajad:
Peamised vastupanu tasemed - 1,800 dollarit ja 2,000 dollarit
Peamised tugitasemed - 600 ja 400 dollarit
Milline on järgmine samm Bitcoin Cashis?
Bitcoin Cash is in a fluctuation range between $600 and $680. The bears previously pushed the cryptocurrency price to the low of $600 while the bulls bought the dips. The bulls failed to push the price past the $640 high as it consolidated in the middle of the price range.
Kohustustest loobumine. See analüüs ja prognoos on autori isiklikud arvamused ja on soovitus krüptoraha ostmiseks või müümiseks ning neid ei tohiks Coin Idoli kinnitusena vaadata. Lugejad peaksid enne rahaliste vahendite investeerimist ise uurima.
