Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Price activity in the BCH/USDT market seems ready to keep pursuing the resistance mark at the $300 price level. Technical indicators continue to maintain the opinion that the uptrend toward the mentioned price mark may still be on.
BCH Statistics
Bitcoin Cash Value Now: $275.3
BCH Market Cap: $5,518,339,546
Bitcoin Cash Circulating Supply: 19,445,113 BCH
BCH Total Supply: 19,445,113 BCH
BCH CoinMarketCap Ranking: 14
Major Price Levels:
Top: $275.3, $300.0, and $350.0
Base: $250.0, $220.0, and $200.0
BCH/USDT Price Action Pokes Through the Resistance at $272
The BCH/USDT daily market is revealing that price action in this market may have just broken through the very significant resistance price mark. This achievement may have already decided if this crypto will hit the $300 mark or not.
As can be seen, price action is now just inches away from the 9-day Moving Average (MA) line as resistance. Nevertheless, the Relative Strength Index (RSI) line isn’t showing signs of life, as if it is waiting for a more convincing move from the buyers.
However, the appearance of a green price candle with a moderate body still leaves a positive mark on this market.
Bitcoin Cash Traders Can Maintain A Bullish Stance
Moving to the Bitcoin Cash 4-hour market, it seems that price action is suggesting that traders can stay hopeful of a continued upside retracement of price.
The last red price candle can be seen to have risen above the 9- and 21-day MA lines. This suggests that price action may keep rising at this point.
Also, the RSI lines are still rising upwards into the overbought region and are now at the 85.80 and 62.11 marks. Likewise, this agrees that upside forces are active in this market.
Consequently, this may set a bullish tone for this market from here on out, and if prices break the short-term resistance at the $280.0 mark, the next target will be the $300.0 mark.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.