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BCH is in a downward move, may reach the low $265
The uptrend is likely to resume
Bitcoin Lajan Kach (BCH) Estatistik Kouran
Pri aktyèl la: $ 261.90
Kapitalizasyon mache: $ 4,859,529,239
Volim Komès: $ 2,424,325,376
Gwo zòn ekipman pou: $ 325 ,, $ 350, $ 375
Gwo zòn demann: $ 200, $ 175, $ 150
Bitcoin Lajan Kach (BCH) Analiz Pri 26 Out, 2020
For the past 24 hours, BCH has been on a downward move after failing to break the $280 overhead resistance. A break above the overhead resistance would have catapulted the coin to rally to $300 or $320 high. Presently, the crypto is falling after the rejection from the recent high. If price retraces and finds support above $250, the upside momentum will resume. However, if the bears break below $250 support the coin will resume a downward move. The coin is trading at $262 at the time of writing.
Bitcoin Lajan Kach Endikatè Teknik Lekti
The crypto is below the 80% range of the daily stochastic. It indicates that the coin is in a bearish momentum. Sellers are emerging to push prices down. The coin was earlier in the overbought region of the market.
konklizyon
Bitcoin Cash is on a downward move after the coin was resisted at the $280 overhead resistance. On the current downward move, a retraced candle body on October 25, tested the 78.6% Fibonacci retracement level. This retracement indicated that the selling pressure will be exhausted at level 1.272 Fibonacci extension or the low of $265.81. Later the market will reverse.
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