Bitcoin Cash Bounces boppe $ 320 Support; in Rally boppe $ 400 wurdt ferwachte

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RESULTS

Key Resistance Levels: $ 275, $ 300, $ 350
Key Support Levels: $ 200, $ 160, $ 120

BCH / USD Priis Lange termyn Trend: Bullish
Bitcoin Cash bounces at the current support of $320 as the market reaches a high of $339. The current support of $320 is holding because the selling pressure has been exhausted. BCH has earlier fallen into the oversold region. Buyers are expected to emerge at the oversold region to push BCH upward. In the meantime, BCH has made an upward move. On the upside, if the bulls push price above $360, the rally will extend to $400 and $500 possible.

Yndyske oantsjuttings foar lêzen fan kaart:
Bitcoin Cash is below 20% range of the daily stochastic. This implies that BCH is in the oversold region of the market. When BCH is oversold, selling has been overdone. The downward movement of the coin will be put on hold. Majorly buyers are expected to emerge to push BCH upward.

BCH / USD Trend op middellange termyn: Bullish
On the 4-Hour chart, the coin is falling in a descending channel. After the last bearish impulse, the market has been holding above $300 and $320. BCH is making an upward and price has broken the resistance line and closed above it. This indicates that the uptrend will continue.

4-oere grafyske yndikatoaren lêze
Bitcoin Cash is rising, simultaneously with the Relative Strength Index. The RSI has risen to level 57 indicating that the market is in an uptrend zone. BCH is also above the centerline 50. Meanwhile, the moving average has made a bullish crossover as 21-day SMA crosses over the 50-day SMA.

Algemiene Outlook foar Bitcoin Cash (BCH)
Bitcoin Cash is in an upward move as the downtrend is likely to be over. It is anticipated that once price breaks above the breakout level of $360, the market will rise to a higher price level. Traders are supposed to take initiative to look out for buy setup and place long orders.

Bitcoin cash hannel sinjalen
Ynstrumint: BCH / USD
Oarder: keapje
Tagongspriis: $ 340
Stopje: $ 300
Doel: $ 480

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