Uhlalutyo lwamaxabiso lwe-Bitcoin Cash (BCH): Imizabalazo kuLuhlu oluQinisekileyo, Amehlo e-380 ePhakamileyo

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EziPhambili
BCH has continued to fluctuate between $280 and $320
Bitcoin Cash has a target price of $380 if the uptrend resumes

I-Bitcoin Cash (BCH) yezibalo zangoku
Ixabiso langoku: $306.54 
Intengo yeNtengiso: $ 5,666,513,152
Umthamo wokuThengisa: $ 1,769,341,099 
Iindawo ezinkulu zokubonelela: $ 325,, $ 350, $ 375
Iindawo ezifuna kakhulu: $ 200, $ 175, $ 150

Utshintsho lwexabiso le-Bitcoin Cash (BCH) ngo-Agasti 10, 2020
Buyers and sellers are still tussling with price in the $280 and $320 price range. The price consolidation is away from the overhead resistance. The price action is also characterized by small body candlesticks like the Doji and Spinning tops. These candlesticks describe the indecision between buyers and sellers about where the market will trend.

A possible breakout or breakdown is expected. Nonetheless, the bulls have greater chances than the bears as a breakout will catapult the coin to a high of $380 price level. Conversely, where the bulls fail to break the current resistance the market will be compelled to a sideways move below the resistance for a few more days.

Ukutsalwa kwezalathi zeBitcoin Cash Technical
The crypto is rising in an ascending channel. The coin will resume a further upward movement if price breaks and closes above the resistance line. Similarly, BCH will fall if price breaks and closes below the support line. The coin is at level 62 of the Relative Strength Index period 14. It indicates that the price is in the bullish trend zone and may rise.

isiphelo
Since price is above the EMAs, BCH has a chance of an upward move. According, to the Fibonacci tool, a red candle tested the 0.618 retracement level. This means that BCH will rise and reach the 1.618 extension level. That is, we should expect the market to reach a high of $380.



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