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Chinonyanya kukosha
BCH finds support at $242 low
The crypto will drop to $228 if the support at $242 breaks
Bitcoin Cash (BCH) Dzazvino Statistics
Mutengo wazvino: $ 247.56
Musika Wemari: $ 4,614,863,201
Kutengesa Vhoriyamu: $ 1,783,234,730
Nzvimbo huru dzekugovera: $ 325,, $ 350, $ 375
Nzvimbo huru dzekuda: $ 200, $ 175, $ 150
Bitcoin Cash (BCH) Kuongorora Mutengo Mbudzi 19, 2020
Since November 8, BCH has been falling consistently. The crypto is falling as a result of bulls’ failure to break the $280 resistance level. Yesterday, the coin fell to as low as $243 and resumed upward. BCH is trading at $248 at the time of writing.
The crypto is likely to further decline as it is in the bearish trend zone. It is also below the critical support at $250. On the upside, if the current price level holds, and the price breaks above the $250 support, the upside momentum will resume. Otherwise, the downtrend will continue. The crypto will decline to $233.
Bitcoin Cash technical Indicators Kuverenga
The price bars are testing the support level of the ascending channel. BCH will resume the downward move if the price breaks below the support level. The crypto is at level 45 of the Relative Strength index period 14. It indicates that the coin is in the downtrend zone and below the centerline.
mhedziso
BCH is still struggling in a downward correction. The current support at $242 has been holding since November 15. Nonetheless, on November 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. It indicates that BCH will fall to 1.618 Fibonacci extensions or $228.97 low.
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