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#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH/USD Facing Huge Losses, 8 August.

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Bitcoin cash price declined vigorously subsequent to shutting beneath $700. BCH/USD could keep on moving down towards the $620 and $600 levels.

Bitcoin Cash Price Key Focuses

  • Bitcoin cash price declined strongly and broke the $700 and $670 support levels against the US Dollar.
  • Yesterday’s featured vital bearish pattern line anticipated increases close $705 on the hourly diagram of the BCH/USD combine (information feed from Kraken).
  • The combine is under a ton of weight and it could slide facilitate towards the $620 support.

Bitcoin cash price declined vigorously subsequent to shutting beneath $700 against the US Dollar. BCH/USD could keep on moving down towards the $620 and $600 levels.

Bitcoin Cash Price Decrease

There was an OK recuperation yesterday over the $700 level in bitcoin cash price against the US Dollar. In any case, the BCH/USD match was finished rejected by the $708-710 resistance zone. Numerous obstacles close to the $710 level kept an upside break, including the 100 hourly straightforward moving normal. The 61.8% Lie retracement level of the last drop from the $720 high to $680 low additionally went about as a resistance.

All the more essentially, yesterday’s featured imperative bearish pattern line averted increases close $705 on the hourly outline of the BCH/USD combine. The match began a sharp drawback move and broke the $700 and $670 support levels. It opened the entryways for more misfortunes and the price even broke the $650 support. It appears as though the price is probably going to quicken misfortunes underneath $650 and it could exchange towards the $620 support. Beneath this, the price may even test the $600 handle. An underlying resistance on the upside is close to the $650-660 zone.

BCHUSD Price Chart 8 August

BCHUSD Price Chart 8 August

Taking a gander at the graph, Bitcoin Cash price is obviously in the red zone beneath $670. In the event that it redresses higher, the past supports like $670, $680 and $700 are probably going to go about as a solid boundary for purchasers. On the drawback, $600 support may well assume an essential part in the close term.

Taking a gander at the specialized pointers:

Hourly MACD – The MACD for BCH/USD is set intensely in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently close to the oversold levels.

Real Support Level – $620

Real Resistance Level – $670

#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH/USD set to gain above $600.

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Bitcoin cash price is ready to broaden increases above $600. BCH/USD is put pleasantly over the $550 support territory and the 100 hourly SMA.

Bitcoin Cash Price Key Points

  • Bitcoin cash price is consistently rising and is right now set pleasantly above $550 against the US Dollar.
  • There is a noteworthy bullish pattern line framed with support at $560 on the hourly chart of the BCH/USD combine (information feed from Kraken).
  • The combine looks set to increase encourage over the $590 and $600 resistance levels in the close term.

Bitcoin cash price is ready to broaden increases above $600 against the US Dollar. BCH/USD is put pleasantly over the $550 support territory and the 100 hourly SMA.

Bitcoin Cash Price Trend

There was a not too bad drawback rectification from the $612 high in bitcoin cash price against the US Dollar. The BCH/USD match declined and exchanged underneath the $600 and $560 support levels. In any case, the decay was secured by the $540-550 support zone. A low was shaped close $537 and later bitcoin cash price began a crisp upward move. It exchanged over the 38.2% Fib retracement level of the last slide from the $612 high to $537 low.

Bitcoin cash price additionally exchanged over the $570 level and it is at present combining underneath $590-600. In addition, it is trying the half Fib retracement level of the last slide from the $612 high to $537 low. When it picks up force over the $590 resistance, it will no doubt outperform the $600 resistance. Above $600, bitcoin cash price could return to the last swing high at $612. On the drawback, there is a noteworthy bullish pattern line framed with support at $560 on the hourly chart of the BCH/USD match. All the more critically, it appears as though there is a solid support shaping close $540-550 and the 100 hourly basic moving normal.

BCHUSD Price Chart 20 August

BCHUSD Price Chart 20 August

Taking a gander at the chart, BCH price is situated pleasantly for more increases above $600 as long as it is over the $540 support territory.

Taking a gander at the specialized pointers:

Hourly MACD – The MACD for BCH/USD is set marginally in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is right now well over the 50 level.

Real Support Level – $540

Real Resistance Level – $590

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#Bitcoin Cash Price Analysis

Bitcoin Cash Price Weekly Analysis: BCH/USD failed to settle above $600.

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Bitcoin Cash Price Key Focuses

  • Bitcoin cash price recouped and moved over the $520 and $540 resistance levels against the US Dollar.
  • There is a noteworthy contracting triangle shaping with support close $545 on the 4-hour chart of the BCH/USD match (information feed from Kraken).
  • The combine needs to remain over the $545 and $540 support levels to stay in an uptrend in the close term.

Bitcoin cash price neglected to settle above $600 and declined against the US Dollar. BCH/USD is at present testing a vital support zone close $540.

Bitcoin Cash Price Support

After a noteworthy decrease, bitcoin cash price discovered support close to the $465 level against the US Dollar. The BCH/USD match began a recuperation and moved over the $500, $520, $540 and $580 resistance levels. There was even a spike over the $600 level. Be that as it may, bitcoin cash price neglected to settle over the $600 level and discovered merchants close to the 100 straightforward moving normal (4-hours). A high was shaped at $613.7 and bitcoin cash price began declining.

It broke the 23.6% Lie retracement level of the last wave from the $468 low to $613 high. Nonetheless, bitcoin cash price is currently exchanging close to a noteworthy support region at $540. The expressed zone close $540-550 went about as a support prior and it could avoid decreases this time. There is likewise a noteworthy contracting triangle framing with support close $545 on the 4-hour chart of the BCH/USD combine. Additionally, the half Lie retracement level of the last wave from the $468 low to $613 high is close $540. In this way, a break and close underneath the $540 support could drive bitcoin cash price in a bearish zone.

BCHUSD Weekly Price Chart 19 August

BCHUSD Weekly Price Chart 19 August

Taking a gander at the chart, BCH price is at present holding the $540 support. On the off chance that it keeps on holding, it could bob back towards $600 and $620.

Taking a gander at the specialized pointers:

4-hours MACD – The MACD for BCH/USD is going to move once more into the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BCH/USD is at present simply close to the 50 level.

Real Support Level – $540

Real Resistance Level – $600

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#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH/USD bullish trend line, 17 August.

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Bitcoin cash price is getting ready for the following break above $535-540 against the US Dollar. BCH/USD stays supported on plunges close $515 and $500.

Bitcoin Cash Price Key Focuses

  • Bitcoin cash price is gradually moving higher and is as of now exchanging over the $500 support against the US Dollar.
  • There is key bullish pattern line framed with support at $515 on the hourly chart of the BCH/USD combine (information feed from Kraken).
  • The combine is probably going to move higher and it could break the $540 resistance for more picks up.

Bitcoin cash price is getting ready for the following break above $535-540 against the US Dollar. BCH/USD stays supported on plunges close $515 and $500.

Bitcoin Cash Price Resistance

There was a gradual ascent started from the $471 low in bitcoin cash price against the US Dollar. The BCH/USD combine moved higher and figured out how to settle over the $500 resistance level. There was likewise a break over the 38.2% Lie retracement level of the last key decrease from the $594 swing high to $470 swing low. Be that as it may, bitcoin cash price is right now confronting a pivotal obstacle on the upside close to the $535-540 zone.

In addition, the 61.8% Lie retracement level of the last key decay from the $594 swing high to $470 swing low is close $546 to go about as a resistance. In this manner, a break over the $540 and $546 resistances could open the entryways for more picks up in the close term. Above $546, bitcoin cash price may maybe move towards the $565 and $570 levels. On the drawback, there is a key bullish pattern line framed with support at $515 on the hourly chart of the BCH/USD combine. The pattern line support is vital, beneath which, bitcoin cash price may return to the $500 support.

BCHUSD Price Chart 17 August

BCHUSD Price Chart 17 August

Taking a gander at the chart, Bitcoin cash price is set pleasantly for more upsides over the $500 support. Be that as it may, a break above $540 is must for an upside speeding up.

Taking a gander at the specialized pointers:

Hourly MACD – The MACD for BCH/USD is for the most part positive in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is presently over the 50 level.

Significant Support Level – $500

Significant Resistance Level – $540

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