Bitcoin Cash jäi alla 560 dollari kõrgele, kuna pullid võitlevad tõusutrendi jätkamiseks

Bitcoin Cash’s (BCH) uptrend has been stuck below $560 resistance since July 31. Bulls have retested the upper resistance three times but have been rejected.

On August 2, buyers retested overhead resistance, and the altcoin was pushed back as it fell to a low of $524. Today, buyers are pushing the altcoin to the $560 resistance level in order to overcome it.

Here is how the price has performed over the past week. On the upside, BCH has declined and consolidated below the $560 resistance. Traders believe that consolidation below a resistance level increases the chances of a breakout. A breakout above the $560 resistance will catapult BCH above $610. Subsequent bullish momentum will extend the uptrend to $730. Conversely, BCH/USD will continue its sideways movement below the overriding resistance if BCH breaks away from it.

Bitcoin Cash indikaatori lugemine

BCH/USD is at level 59 of the Relative Strength Index for period 14. The altcoin is now in the bullish trend zone and above the midline 50. The cryptocurrency is in a position to move higher. Bitcoin Cash is above the 40% area of the daily stochastic. The cryptocurrency is in a bullish momentum.

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 currently in a sideways trend below the $560 overhead resistance. Meanwhile, on July 27 uptrend, a retraced candlestick body tested the 78.6% Fibonacci retracement level. The retracement suggests that BCH will rise, but will reverse at the level of 1,272 Fibonacci extension or the level of $552.78. The price action shows that BCH retested the 1.272 Fibonacci extension level, but is facing rejection at the $560 resistance level.

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Allikas: https://coinidol.com/bitcoin-cash-560-high/