I-Bitcoin Cash (BCH) Ibamba ngaphezulu kwe-200 yeedola, Ngaba iinkunzi zeenkomo zingayigcina i-uptrend?

UAzeez Mustapha

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Amanqanaba okuGxila aphambili: $ 275, $ 300, $ 325
Amanqanaba enkxaso aphambili: $ 200, i-$ 160, i-$ 120

I-BCH / iXabiso leXabiso leXesha elide: UkuHamba
Today, the bulls make a bold move above the $200 resistance level. The previous move was repelled and the coin fell to the low of $195. Is this current move going to hold above $200? If the support above $200 does hold, BCH will rise and retest the $227 price level. Expectantly once the $227 is breached the coin will have a free passage to reach the $240 price level. Conversely, if the bulls fail to break above $227, a sideways move is likely between  $200 and $227.

I-BCH/USD - Itshathi yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
Bitcoin Cash is below 80% of the daily stochastic. It indicates that BCH was earlier in the overbought region of the market but was resisted. In other words, the coin was in a bearish momentum but now bullish as per the price action. Today the bulls break above the $200 and close above it. It implies that the coin is going to hold above the current level.

I-BCH/USD i-Medium-term bias: Bullish
On the 4-Hour chart, the coin fell to the low of $195 with a long lower shadow pointing downward. This shows that the bears intend to push price downward but the bulls resisted such move. Today, the price has moved up to revisit the previous highs but it is currently facing resistance at $220. If the market retraces it may fall to the support of $205 or $210. However, a break below $200 may portend negatively for the coin.

BCH/USD - Itshathi yeyure ezi-4

Isalathisi seeyure ezingama-4 Ukufunda
Bitcoin Cash is now trading at level 65 of the daily Relative Strength Index period 14. This indicates that the price is above the centerline 50 and it is rising. The 21-day SMA and 50-day SMA are sloping upward indicating that the market is moving upwards. On the upside, if the coin continues to make impressive moves, it will break above the resistance and close above it. This will portend positively as the uptrend may resume.

Imbonakalo Jikelele ye-Bitcoin Cash (BCH)
It is worthy to note that Bitcoin Cash is above $200 price level. Now that the coin is above the current price level, more buyers ought to come in to outnumber sellers. It should not be like the previous bullish move where the price slides below the support at $200. Traders should place long trades in anticipation of a bullish trend. A stop-loss order should be placed at $195.

Uphawu lweRhwebo lweBitcoin Cash
Isixhobo: BCHUSD
Umyalelo: Thenga
Ixabiso lokungena: $ 203
Yeka: $ 175
Ithagethi: $ 241

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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