MACD – The MACD for BCH/USD is as yet put in the bearish zone.
Relative Strength Index – Close to the 50 levels.
Support Level – $500
Resistance Level – $535
BCH Price Key Points
- Bitcoin cash price remained over the $496 swing low and solidified against the US Dollar.
- There was a break over a key bearish pattern line with resistance at $510 on the hourly graph of the BCH/USD pair.
- The pair attempted to move over the $530 resistance and the 100 hourly basic moving normal.
Bitcoin cash price solidified close $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a good recuperation.
Bitcoin Cash Price Analysis
Recently, there was another break beneath the $500 support in bitcoin cash price against the US Dollar. Be that as it may, the BCH/USD pair discovered support close to the last swing low at $496 and later recuperated. It exchanged over the $505 and $510 resistance levels to begin a recuperation. BCH price moved over the half Lie retracement level of the ongoing decay from the $562 high to $496 low.
Additionally, there was a break over a key bearish pattern line with resistance at $510 on the hourly outline of the BCH/USD pair. Be that as it may, bitcoin cash price attempted to break the $535-540 resistance zone and the 100 hourly straightforward moving normal. Additionally, BCH price was dismissed close to the 61.8% Lie retracement level of the ongoing decay from the $562 high to $496 low. Accordingly, bitcoin cash price withdrew and exchanged underneath the $520 level. At the start, BCH price is by all accounts uniting over the $500 level. Purchasers should clear the $530, $535 and $540 resistance levels to begin an average bounce back.
Taking a gander at the outline, BCH price may keep on remaining over the $500 support region. Having said that, if purchasers keep on bombing close to the $535 level, bitcoin cash price may maybe break the $500 and $495 support levels.