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BCH targets the high of $804
BCH/USD faces strong rejection at level $700
Bitcoin Lajan Kach (BCH) Estatistik Kouran
Pri aktyèl la: $ 648.50
Kapitalizasyon mache: $ 13,457,887,724
Volim Komès: $ 2,976,721,816
Gwo zòn ekipman pou: $ 700, $ 720, $ 740
Gwo zòn demann: $ 250, $ 230, $ 210
Bitcoin Lajan Kach (BCH) Analiz Pri 30 Out, 2021
Bitcoin Lajan Kach (BCH) has fallen to $648.67 low. Since August 16, BCH has been in a downward correction after the uptrend was stalled at level $715. Buyers have retested the resistance zones thrice but could not break above the recent high. Yesterday, BCH was repelled as the altcoin dropped to $641 low. BCH will rally above $800 if buyers overcome the $715 resistance. Today, BCH has fallen to the support above 21-day SMA. The market will resume upward if the support holds.
Bitcoin Lajan Kach Endikatè Teknik Lekti
The altcoin is at level 54 of the Relative Strength Index period 14. It indicates that the crypto is in the bullish trend zone and above the centerline 50. BCH is above the 21-day SMA. A break below the 21-day SMA will cause the altcoin to resume a downward move. The 21-day and 50-day SMAs are pointing northward indicating the uptrend.
konklizyon
Following the recent breakdown, BCH is likely to resume an upward move. Meanwhile, on the August 29 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.618 Fibonacci extensions or level $ 804.21.
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