Bitcoin Cash Price Analysis: BCH/USD holding support at $400, 13 Sep.

10 months ago

Bitcoin Cash Price Key Focuses

  • Bitcoin cash price exchanged to a new low at $410 before beginning a recuperation against the US Dollar.
  • The current week’s featured vital bearish pattern line could stop upsides close $450 on the hourly graph of the BCH/USD pair (information feed from Kraken).
  • The pair is recuperating, yet it is going to confront significant obstacles close to the $440 and $450 resistance levels.

Bitcoin cash price exchanged towards the $400 support against the US Dollar. BCH/USD is right now redressing higher, yet it could confront resistance close $450.

Bitcoin Cash Price Upside Obstacle

There were more decreases noted underneath the $425 low in bitcoin cash price against the US Dollar. The BCH/USD pair broke the $425 and $420 support levels and exchanged to another month to month low at $410. Afterward, purchasers showed up and bitcoin cash price recouped over the $425 level. There was likewise a break over the 23.6% Lie retracement level of the last drop from the $475 swing high to $410 low.

Be that as it may, BCH price is presently moving toward a few essential obstacles close to the $450 level. A prompt resistance is close to the $444 level. It speaks to the half Lie retracement level of the last drop from the $475 swing high to $410 low. In addition, the current week’s featured critical bearish pattern line could stop upsides close $450 on the hourly graph of the BCH/USD pair. In the event that there is a break over the pattern line, the following resistance is close $460 and the 100 hourly basic moving normal. In this way, the $450 and $460 resistance levels are probably going to stop the present recuperation.

BCHUSD Price Chart 13 September

Taking a gander at the diagram, Bitcoin cash price is right now in a rectification stage, which could finish anyplace close $450. Venders are probably going to return to drive bitcoin cash price back towards $410.

Taking a gander at the technical pointers:

Hourly MACD – The MACD for BCH/USD has moved back in the bullish zone.

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

Real Support Level – $425

Real Resistance Level – $450

Janet F. Sanchez

Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

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