Bitcoin Cash Price Analysis: BCH/USD Facing Uphill Task

2018-8-2 07:08

Key Points Bitcoin cash price formed a low near the $735 level and recovered against the US Dollar. This week’s followed important bearish trend line with resistance at $800 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may perhaps move further higher, but it is likely to struggle above $780-800 in the near term.

Bitcoin cash price is slowly recovering above $750 against the US Dollar. BCH/USD could face a strong resistance above the $780 level at $800.

Bitcoin Cash Price Resistance

Yesterday, there was a sharp downside move below the $760 support in bitcoin cash price against the US Dollar. The BCH/USD pair even traded below the $750 level and settled below the 100 hourly simple moving average. It traded as low as $735 and later started an upside correction. The price moved above the 23.6% Fib retracement level of the last decline from the $840 high to $735 low.

Moreover, there was a break above a connecting bearish trend line with resistance at $765 on the hourly chart of BCH/USD. It seems like the pair may perhaps correct further above the $770 and $780 levels. However, there is a crucial barrier for buyers near the $800 level. More importantly, this week’s followed important bearish trend line with resistance at $800 is intact on the hourly chart of the BCH/USD pair. The 100 hourly SMA is also positioned near the $800 level. An intermediate resistance is at $$785 and the 50% Fib retracement level of the last decline from the $840 high to $735 low.

Looking at the chart, the price is showing a few positive signs above the $750 level. Having said that a proper break above the $800 resistance is needed for a larger recovery.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD has moved back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is now back above the 50 level.

Major Support Level – $750

Major Resistance Level – $800

The post Bitcoin Cash Price Analysis: BCH/USD Facing Uphill Task appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin Cash (BCH) на Currencies.ru

$ 485 (-1.30%)
Объем 24H $409.697m
Изменеия 24h: -1.27 %, 7d: 12.99 %
Cегодня L: $479.4 - H: $491.37
Капитализация $9.558b Rank 16
Цена в час новости $ 751.85 (-35.49%)

bch usd price cash bitcoin pair facing

Источник: newsbtc.com

bch usd → Результатов: 74


Анализ цен BCH, LTC, EOS, XLM (02.09.19)

BCH/USD Вчера цена BCH продолжила консолидацию в достаточно узком диапазоне $273 — $283. В то время как криптовалютный флагман смог восстановиться из узкого диапазона, пара BCH/USD сосредоточилась на верхней границе бокового диапазона и пока не может её преодолеть.

2019-9-2 12:14


Bitcoin Cash Price Analysis BCH / USD: Rallying Cry

Bitcoin Cash has a bullish short-term bias, with the BCH / USD pair recovering above its 200-period moving average on the four-hour time frame The four-hour time frame shows the presence of a bullish ascending triangle pattern The daily time frame highlights that the BCH / USD pair is still trading above its key 200-day […] The post Bitcoin Cash Price Analysis BCH / USD: Rallying Cry appeared first on Crypto Briefing.

2019-8-12 16:19


BCH / USD Price Analysis: High Selling Pressure

BCH has a bearish short-term bias, with the BCH / USD pair trading well below its 200-period moving average on the four-hour time frame BCH now has a neutral medium-term trading bias Sellers are testing towards the BCH / USD pair’s 200-day moving average BCH / USD Short-term price analysis BCH has a bearish short-term […] The post BCH / USD Price Analysis: High Selling Pressure appeared first on Crypto Briefing.

2019-4-30 17:17


Криптовалютная биржа BTCC перезапустилась на новой платформе

Компания BTCC, оператор одной из старейших криптовалютных бирж, объявила о возобновлении работы торговой платформы, как и было анонсировано в конце мая. Криптобиржа запустила на новой платформе торговлю парами BTC/USD, ETH/USD, BCH/USD, LTC/USD, а также в трех криптовалютных парах — ETH/BTC, BCH/BTC, LTC/BTC.

2018-7-2 10:43


дальше еще 25 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Spanish City Lebrija Launches Local Virtual Currency ‘Elio’

The city council of Lebrija has created a virtual currency ‘Elio’ that can only be used for payments made to small and medium businesses, according to a report by Diario de Sevilla. Read more: Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources

Bitcasino Announces XRP Support, Bringing Fast Transactions and Low Fees to the Game

Bitcoin Press Release: Leading bitcoin casino Bitcasino has added support for the third largest cryptocurrency XRP, allowing all platform users to bet with ripple.    16 April 2020 – The world’s first licensed Bitcoin-led casino operator, Bitcasino, now accepts Ripple payments, making XRP the next cryptocurrency to enjoy the casino’s wide range of games.