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Buaicphointí Key
BCH rebounds after falling to $260 low
The altcoin is facing rejection at level $330
Staitisticí Reatha Bitcoin Cash (BCH)
An praghas reatha: $ 314.53
Caipitliú Margaidh: $ 5,850,612,534
Imleabhar Trádála: $ 5,051,022,297
Mórchriosanna soláthair: $ 380, $ 400, $ 420
Criosanna éilimh mhóra: $ 200, $ 180, $ 160
Anailís Praghsanna Bitcoin Cash (BCH) 17 Nollaig, 2020
On December 11, BCH plunged to $260 low as bulls bought the dips. The coin rebounded and rallied to $330 high. The bulls could not continue the uptrend because of the resistance at $320. After retesting the resistance twice, the coin fell and resumed sideways move. BCH is trading at $313.19 at the time of writing. The coin has fallen above the previous range bound zone. If the bulls can push above $320 resistance, a retest of the $360 overhead resistance is likely.
Táscairí Teicniúla Bitcoin Cash Léamh
Bitcoin Cash has risen to level 60 of the Relative Strength index period 14. It indicates that the coin is in the uptrend zone. The altcoin rallied and tested the resistance line of the ascending channel but was repelled. A break above the resistance line will mean the resumption of the uptrend.
Conclúid
With the recent rally, the Fibonacci tool has indicated an upward movement of the coin. On December 17 uptrend; the retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that BCH is likely to rise and reach the level of 1.618 Fibonacci extensions. That is the altcoin will rise to a high of $362.67.
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