Bitcoin Cash (BCH) Reaches the Overbought Region, Can the Rally Continue?

Key Resistance Levels: $275, $300, $325
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Bullish
Bitcoin Cash has made a tremendous move to a higher price level. The bullish move is very significant because it took six days to break the lower and upper price range of $200 and $240. In retrospect, BCH was range-bound for four months before the resumption of another selling pressure. The last bearish move was at the low of $171 where the bulls took their initiative.

The upward move commenced from a low of $171 to a high of $360 on January 14. Below the resistance at $360, Bitcoin Cash is fluctuating in a tight range of $360 and $320. The coin can break either of the price levels and move on. BCH will rise and reach a high of $400 or $440 if the bulls break the current resistance. The coin may drop to the low of $280 or 240 if the $320 support cracks.

BCH/USD - Daily Chart

Daily Chart Indicators Reading:
Bitcoin Cash is trading in the overbought region of the daily stochastic. At the overbought region, there are presence of sellers who may push price downward. The coin is above 80% range which indicates that the coin is in a strong bullish momentum. The moving averages are showing signs of a bullish crossover.

BCH/USD Medium-term bias: Bullish
On the 4-Hour chart, the coin is making a series of higher highs and higher lows. The coin reaches a high of $360 and retraces to $320 and then resumes a sideways move. The price bars are clustering below the resistance zone. A breakdown or breakout is imminent.

BCH/USD - 4 Hour Chart
4-hour Chart Indicators Reading
The MACD line and the signal line are above the zero lines which indicates a buy signal. The 21-day SMA and the 50-day SMA are sloping upwards indicating the upward move.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash is presumed to be out of the downtrend zone. The price bars are above the 21-day SMA and 50-day SMA indicating that the upward move is ongoing. The coin will remain bullish as long as it is is in the bullish trend zone. BCH is moving upward after testing the $320 support level.

Bitcoin Cash Trade Signal
Instrument: BCH/USD
Order: Buy
Entry price: $359
Stop: $300
Target: $440

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

 

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Bitcoin Cash (BCH) Surges Ahead as It Approaches Its Initial Target at $227

Key Resistance Levels: $275, $300, $325
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Bullish
Bitcoin Cash has shown an impressive upward move in the last 48 hours. As earlier anticipated the $200 support was held as the coin pushed up higher. BCH is now trading at $223 at the time of writing. Hopefully, it is probably that the upward move may continue if the bulls break the resistance at $227. The coin may as well reach the high of $240 if the bulls conquer the resistance at $227. Alternatively, if the bulls fail to break above the first resistance, it is most likely to resume a sideways move between $200 and $227.

BCH/USD - Daily Chart

Daily Chart Indicators Reading:
The bulls have for the first time broken above the 12-day EMA and 26-day EMA since December 17. The implication is that Bitcoin Cash will continue to rise if the bullish trend is sustained. The Relative Strength Index period 14 level 61 indicates that BCH is trading in the bullish trend zone. The coin is also above the centerline 50.

BCH/USD Medium-term bias: Bullish
On the 4-Hour chart, the bullish trend has reached a high of $225 but the price is retesting the resistance to break it. The price retraces to the $220 low each time the coin is resisted. The price will remain bullish if it is sustained above the EMAs. Meanwhile, the bulls are making a repeat retest at the resistance.

BCH/USD - 4 Hour Chart

4-hour Chart Indicators Reading
Currently, the price is testing the resistance line to break it. BCH will reach the previous highs if the bulls successfully break the resistance line. Meanwhile, the coin is also trading in the overbought region above 80% range of the daily stochastic. The implication is that the coin may drop and make another upward move. The market is in a bullish momentum except it falls.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash is now in a bullish move as the coin reaches a high of $225. BCH uptrend is likely to commence if the price breaks above the $280 resistance zone. Traders should lookout to buy orders in case the market retraces and finds support. Meanwhile, the market is ranging between $220 and $225 as the bulls continue to retest the resistance level.

Bitcoin Cash Trade Signal
Instrument: BCH/USD
Order: Buy Limit
Entry price: $210
Stop: $175
Target: $241

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Bitcoin Cash (BCH) Holds above $200, Can the bulls sustain the uptrend?

Key Resistance Levels: $275, $300, $325
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Ranging
Today, the bulls make a bold move above the $200 resistance level. The previous move was repelled and the coin fell to the low of $195. Is this current move going to hold above $200? If the support above $200 does hold, BCH will rise and retest the $227 price level. Expectantly once the $227 is breached the coin will have a free passage to reach the $240 price level. Conversely, if the bulls fail to break above $227, a sideways move is likely between  $200 and $227.

BCH/USD - Daily Chart

Daily Chart Indicators Reading:
Bitcoin Cash is below 80% of the daily stochastic. It indicates that BCH was earlier in the overbought region of the market but was resisted. In other words, the coin was in a bearish momentum but now bullish as per the price action. Today the bulls break above the $200 and close above it. It implies that the coin is going to hold above the current level.

BCH/USD Medium-term bias: Bullish
On the 4-Hour chart, the coin fell to the low of $195 with a long lower shadow pointing downward. This shows that the bears intend to push price downward but the bulls resisted such move. Today, the price has moved up to revisit the previous highs but it is currently facing resistance at $220. If the market retraces it may fall to the support of $205 or $210. However, a break below $200 may portend negatively for the coin.

BCH/USD - 4 Hour Chart

4-hour Chart Indicators Reading
Bitcoin Cash is now trading at level 65 of the daily Relative Strength Index period 14. This indicates that the price is above the centerline 50 and it is rising. The 21-day SMA and 50-day SMA are sloping upward indicating that the market is moving upwards. On the upside, if the coin continues to make impressive moves, it will break above the resistance and close above it. This will portend positively as the uptrend may resume.

General Outlook for Bitcoin Cash (BCH)
It is worthy to note that Bitcoin Cash is above $200 price level. Now that the coin is above the current price level, more buyers ought to come in to outnumber sellers. It should not be like the previous bullish move where the price slides below the support at $200. Traders should place long trades in anticipation of a bullish trend. A stop-loss order should be placed at $195.

Bitcoin Cash Trade Signal
Instrument: BCHUSD
Order: Buy
Entry price: $203
Stop: $175
Target: $241

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Bitcoin Cash (BCH) Price Analysis – Price Breakout Signals Short-Term Buy For Bitcoin Cash

 

Out of the top ten crypto projects, Bitcoin Cash has shown a nice but small recovery of 3% under 24-hours. Amidst the bearish trend, the bulls have tried to push the BCH price to $211 at the moment. BCH is currently the fifth-largest cryptocurrency by market cap, although we can expect the price to keep rising if the trading volume is increasing by the day.

Bitcoin Cash (BCH) Price Analysis: 4H Chart – Bullish

Key resistance levels: $220, $230, $240
Key support levels: $204, $200, $196

Following the past three weeks of trading, Bitcoin Cash is currently relying on major support of $196, although minor support was recently created at $204 – which is where BCH held a weekly low. The $204 support is likely to become strong if the market climbs to a more relief resistance at $220, $230 and $240 in a subsequent move. We can see that Bitcoin Cash has managed to break the orange descending line that is drawn from November 6 resistance.

BCHUSD, 4H Chart – December 13

However, an opposite price movement could expose this support to a threat if the long bearish formation resumes. A drive below $204-$204 support area could roll BCH price back to $196 support. Considering the positive signs on the MACD and the RSI indicators, it appeared a bullish momentum is around the corner for BCH market.

Bitcoin Cash (BCH) Price Analysis: 2H Chart – Bullish

Bitcoin Cash is currently showing some positive signs on the 2-hours chart. The buyers are stepping back again! The question here is, will they last? Of course, the buyers can take-over the trend if the price of BCH keeps surging upward. In view of that, the next buying target is likely at $216 and $220 resistance.

BCHUSD, 2H Chart – December 13

But in case the sellers return back in the market now, the price is likely to plunge back to $208 and $204 support in no time. Taking a look at the technical indicator reading, Bitcoin Cash is confirmed bullish on the hourly time frame. Acting upon this, a more positive climb is expected to play out in the next few days. For now, we may need to wait for a pullback before we can consider the latest breakout as a true bullish signal.

BCH BUY SIGNAL

BUY Entry: $208
TP: $220
SL: $202

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Bitcoin Cash (BCH) Holds at the Bottom, Is the Consolidation Ongoing?

Key Resistance Levels: $275, $300, $325
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Ranging
Bitcoin Cash had been trading in the large price range between the levels of $200 and $240. Presently, the coin is now fluctuating at the bottom of the chart. In retrospect, the bulls break the $240 resistance line and reached a high of $310. The coin was resisted as BSH drops back to a range-bound zone.

The bears tested the low at $200 but there was a pulled back. The pullback was a correction as the upward move was stopped at $227. BCH is trading between the low at $200 and $227. The bulls are now having difficulty to move upward because of the resistance at $227. Conversely, the bears have failed to break the low of $200.

BCHUSD - Daily Chart

Daily Chart Indicators Reading:
The Fibonacci tool indicates that the coin reverses at the 1.272 extension level. BCH will resume the downtrend if the downtrend line or the support line is broken below. The RSI period 14 level 35 is indicating that the price is falling.

BCH/USD Medium-term bias: Ranging
On the 4-hour chart, the coin is fluctuating between the levels of $200 and $220. The bulls tested and broke the $220 price level but fell back to the range-bound zone. The price is trading below the $227 resistance level; a break is being expected shortly.

BCHUSD - 4 Hour Chart

4-hour Chart Indicators Reading
The market is trading above the 20% range of the daily stochastic. This signifies that BCH is in a bullish momentum. The blue and red lines are trending horizontally indicating that price is fluctuating.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash is still confined within the price range of $200 and $240. Presently, BCH is in a tight range; a break above $227 will move price to the high of $240. Nevertheless, a break below $200 may weaken the coin to a low of $160.

Bitcoin Cash Trade Signal
Instrument: BCHUSD
Order: buy
Entry price: $203
Stop: $175
Target: $241

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Bitcoin Cash (BCH) Set to Bounce, May Face Resistance at $227

Key Resistance Levels: $275, $300, $325
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Ranging
In the last four days, Bitcoin Cash has continued to make an impressive move. In the other previous move, the coin was unable to penetrate the first resistance at $227. It is likely that the bulls are going to face the same resistance level.

The resistance at $227 is the same historical price level in September and October where the market consolidated before an upward movement. We are expecting the market to break the initial resistance. A break at the resistance will push BCH to its previous high of $240. However, the price will continue at the bottom of the chart, if the initial resistance remains intact.

BCHUSD-Daily Chart

Daily Chart Indicators Reading:
The Fibonacci tool indicates that BCH will trade and reverse at the 1.272 extension level. From the price action, the coin has been fluctuating above the 1.272 Fibonacci extension level in the last three months. Meanwhile, the market is in a bullish momentum above the 20% range of the daily stochastic.

BCH/USD Medium-term bias: Ranging
On the 4-hour chart, the market is fluctuating between the levels of $200 and $220. The bulls are yet to break above the first resistance at $227 since November 22. The only attempt was on November 29 where the bulls were resisted and the coin fell back to the range-bound zone.

BCHUSD-4- Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are trending horizontally indicating a sideways move. The coin is approaching Level 50 of the daily Relative Strength Index period 14 which indicates that the coin is rising.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash will continue its range bound movement for a few days as the bulls are yet to break the resistance at $227. The price upward move has been weak because of the lack of sufficient buyers at the demand zone. More buyers will be needed at least to push the price upward.

Bitcoin Cash Trade Signal
Instrument: BCHUSD
Order: Buy
Entry price: $210
Stop: $175
Target: $241

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Bitcoin Cash (BCH) Price Analysis – Despite Recent Gains, Bitcoin Cash Remains Bearish On Near Term

Bitcoin cash has seen a substantial increase over the last 24-hours Bitcoin the mid-year bearish bias has remained dominant for the 4th largest cryptocurrency by market cap. If we can see a strong upward progression, BCH may reach $219 in no time. But looking smartphone the long bearish formation, the price may slip below $200.

Bitcoin Cash (BCH) Price Analysis: Daily Chart – Bearish

Key resistance levels: $227, $240, $280
Key support levels: $201, $192, $176

Bitcoin Cash is still trading well inside the six-month descending channel which means that the bears are still taking charge of the market. Last week, the buyers tried to take over the market but the short-term rebound was rejected at $226 before the sellers resuming pressure. More so, yesterday’s sharp surge is still causing panic amongst traders.

BCHUSD, Daily Chart – December 5

However, the last five days decline may continue towards $201, $192 and potentially $176 support, meeting the lower boundary of the channel.

While the RSI found support on the oversold level, the MACD indicator is moving sideways in the oversold zone to signal an indecisive market. Following this bearish signal, BCH may continue to sell until buyers show strong commitment. However, if Bitcoin Cash shows a sign of strength, the key resistance level to watch out for is $227, $240 and $280.

Bitcoin Cash (BCH) Price Analysis: Hourly Chart – Neutral

Bitcoin Cash faced a lot of bearish momentum since the beginning of the month but has been able to recover from the weekly low $203 yesterday. Currently, BCH is priced at $210 as the market brews for a potential breakout. The triangle formation is currently tightening as a surge in volatility lurks around the corner.

BCHUSD, Hourly Chart – December 5

Looking at the technical RSI and MACD indicators, Bitcoin Cash is showing a sign of bullish formation. Surging above the triangle would allow the buyers to revisit, $212 and $219 resistance. From there, Bitcoin Cash is expected to launch a bull-run if the price can stay above the triangle. However, it may roll back to $203 support if a bearish reaction reoccurs.

BCH SELL SIGNAL

Sell Entry: $212
TP: $204
SL: $215

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Bitcoin Cash Bounces at the Bottom, Will BCH Continues the Upward Move?

Key Resistance levels: $275, $300, $325
Key Support Levels: $200, $175, $150

BCH/USD Price Long-term Trend: Bearish
Yesterday, Bitcoin Cash bearish run was interrupted as the bulls defended the low at $200. This is the third time the bulls will be defending the support at $200 since September. BCH will move up if the price holds at the previous low. Presently, the bull’s defense has kept BCH from further depreciation.

BCH would have depreciated if the selling pressure is allowed unabated. The coin price rise will propel BCH to reach the initial resistance at $241. Nevertheless, if the initial resistance is also subdued, the coin will revisit the price at $300. Meanwhile, the bulls are expected to continue to push the price upward.

BCHUSD-Daily Chart

Daily Chart Indicators Reading:
The BCH previous low is holding as the bears failed to breach the support line of the Channel. The BCH is above level 32 of the daily RSI, indicating that the price is near the oversold region. As the market moves up, BCH will be out of that region

BCH/USD Medium-term bias: Bearish
On the 4-hour chart, the BCH had been trading in a descending channel. The downward move was compelling as the bulls fail to break the resistance at $300 on three occasions. The market formed a bearish triple top before the commencement of the downward fall. The market dropped to a low of $197 and pulled back. It is expected that the pullback will be sustained.

BCHUSD-4-Hour Chart

4-hour Chart Indicators Reading
The BCH is trading above the 25% range of the daily stochastic. The coin is rising and in a bullish momentum. The coin is rising to break the support line, if it does and closes above it, BCH will be an uptrend.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash bounces at the support level of $200. The bulls defended the support to put an end to the bearish run. BCH is likely to fluctuate if the support holds. The RSI is below level 30, traders should look out for buy setup to initiate long trades in anticipation of an uptrend.

Bitcoin Cash Trade Signal
Instrument: BCHUSD
Order: buy
Entry price: $208
Stop: $175
Target: $241

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Bitcoin Cash (BCH) Price Analysis – Bitcoin Cash Remains Bullish But Breakout is Imminent

That last 7 days price variation has been an interesting momentum for Bitcoin Cash after surging from $206 to $306, amounting to a +50% gains. Meanwhile, BCH was rejected at $306 yesterday and the price has now dropped to $274 (a -5.92% losses). However, we can expect the fourth-largest cryptocurrency to continue bullish if $270 can bolster as support. Otherwise, the value may depreciate soon.

Bitcoin Cash (BCH) Price Analysis: Daily Chart – Bullish

Key resistance levels: $306, $335, $358, $370
Key support levels: $270, $250, $242, $206

Last week, we mentioned the triangle breakout but now Bitcoin Cash is shaping inside a descending channel pattern since mid-July. The October 25 rebound at $206 has made BCH record a weekly high of $306 while trading in a channel boundary. Yesterday, the price was rejected at $306 and now looking for support at $270 which was recently rejected.

BCHUSD, Daily Chart – October 31

A daily close below the $270 would bring us to $250, $242 and 206 support in a couple of days. Today, the RSI 70 was rejected to signal a potential reversal, although the MACD has seen a bullish climb which shows that the buyers lurk around the corner. If $270 area can act as support, we may see a bullish continuation to $335, $358 and $370. However, we need to clear the $306 resistance before considering a further rise.

Bitcoin Cash (BCH) Price Analysis: 4H Chart – Bullish

The 4-hour chart is looking bullish but underway for a bearish move. At the time of writing, Bitcoin Cash is testing the ascending wedge’s support at $270.94 following the last 24-hours low volatility which was characterized by doji candles. Meanwhile, the current bearish candle formation has just signalled a bearish footing. Support is likely at $250-$240 areas once we have a clean wedge break-down.

BCHUSD, 4H Chart – October 31

Surging below grey horizontal support might further turn BCH weak at $220 and $210. While the RSI crosses down the mid-band, the MACD is positive but now oscillating towards the zero levels. Alternatively, we can expect a bounce if the wedge’s lower boundary can support the market. The resistance to watch out for is $290-$306 zones, although further buying target lies at $320. For now, Bitcoin Cash remains bullish but a breakout is imminent!

BCH SELL SIGNAL

Sell Entry: $269
TP: $243 / $212
SL: $310

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BCH Holds Support At $204 As Price Volatility Shaky

Bitcoin Cash (BCH) Price Analysis – October 11

Since the beginning of the month, the price of Bitcoin Cash has been stuck in a consolidation circle as a result of late September massive sell, although the market has been bullish on the lower time frame. On October 9, BCH price touched $241 and has now dropped to $227 following the last 24-hours loss of -2.88%. To see a decent price movement, BCH needs to move out of its current consolidation circle as bearish continuation is more likely to continue.

Bitcoin Cash (BCH) Price Analysis: Daily Chart – Neutral

Key resistance levels: $241, $251, $266, $280
Key support levels: $219, $204, $188, $173

Since BCH broke-out of the triangle formation in late September, the market has been subdued with choppy price actions due to the ongoing indecisiveness on the daily chart. Meanwhile, trading volatility has been low over the past few days. If the buyers push price up, we can expect close resistance at $241 and $250. Above this resistance lies $268 and $280.

BCHUSD, Daily Chart – October 11

Considering the last 24-hours price drop, BCH may slip back to $219 and $204 support before creating a new low $188 and $173. As we can see, the RSI is now showing recovery but may likely face resistance at the mid-band. Now, the crypto trading signals an overbought market on the Stochastic RSI – the price is likely to fall if the price drops under the 80 level.

Bitcoin Cash (BCH) Price Analysis: 4H Chart – Bullish

Bitcoin Cash is shaping in an ascending channel on the 4-hour chart, presenting a bullish formation. After making a double-top formation at around $241 resistance, the price is currently falling towards the channel’s support at $222. Once the price tests the mentioned support, a sharp bounce off is likely to occur.

BCHUSD, 4H Chart – October 11

Looking at the RSI, the BCH market is shooting in a downward direction to signal the ongoing selling pressure in the market. It may become heavy if the market drives beneath the channel, testing $216 and $208 support. However, the crypto trading signals a potential buy on the Stochastic RSI as a positive climb may allow buying pressure to $232, $241 and above. As of now, BCH is bullish on a short-term.

BCH SELL SIGNAL

Sell Entry: $229
TP: $222
SL: $235

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  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated

$200

Min Deposit
8.5