Bitcoin Cash price (BCH) is currently in the uptrend zone, but is rejected at $135.
Dugoročna analiza cijene Bitcoin Cash-a: bikovska
The $135 ceiling has been the stumbling block for the uptrend since January 21. Buyers have worked hard over the past week to maintain positive momentum above the resistance level. The positive momentum has faded today as BCH returns to its horizontal pattern. BCH is limited to prices between $128 and $138. BCH’s potential for further upside is unlikely as the market is overbought. If the price falls below $128 support, the decline will resume to the downside. At the time of writing, BCH is currently trading at $134.06.
Prikaz indikatora Bitcoin Cash-a
Since BCH is in the positive trend zone, it is likely to grow. The Relative Strength Index for period 14 is at 63. Price fluctuations below the resistance level have lifted the price bars above the moving average lines. Above the Stochastic level of 50 on the daily chart, BCH has positive momentum. Momentum in favor of the bulls is shaky.
Tehnički pokazatelji
Ključne zone otpora: $160, $180, $200
Ključne zone podrške: $120, $100, $80
Koji je sljedeći smjer za BCH/USD?
Bitcoin Cash is moving sideways between $128 and $138 on the 4-hour chart. BCH has been confined to a small range since January 21. Buyers have failed to continue the good momentum above the overbought level of $135. If buyers appear in the overbought area, there is a risk that the cryptocurrency value will fall.
Odricanje od odgovornosti. Ova analiza i prognoza su lično mišljenje autora i nisu preporuka za kupovinu ili prodaju kriptovalute i ne treba ih posmatrati kao podršku Coin Idola. Čitaoci bi trebali sami istražiti prije ulaganja u fondove.
Source: https://coinidol.com/bitcoin-cash-sideways-movement/