Bitcoin Cash Price Analysis: BCH/USD Turns Bearish Below $420

2018-10-30 07:28

Key Points

Bitcoin cash price declined sharply and broke the $434-435 support area against the US Dollar. There is a major bearish trend line in place with resistance at $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair was rejected near the trend line, igniting a sharp decline towards $400.

Bitcoin cash price turned south and broke the $430 and $420 support against the US Dollar. BCH/USD could recover but it is likely to face sellers near $420-425.

Bitcoin Cash Price Analysis

After consolidating for many days above the $430 level, bitcoin cash price reacted to the downside against the US Dollar. The BCH/USD pair failed to break the $440 and $450 resistance levels and declined sharply. It broke the $432, $430 and $420 support levels to move into a bearish zone. There was even a close below the $420 level and the 100 hourly simple moving average.

It seems like the BCH/USD pair was rejected near a major bearish trend line with current resistance at $435 on the hourly chart. The pair traded close to the $400 handle and formed a low at $408. It is currently consolidating just below the 23.6% Fib retracement level of the last decline from the $438 high to $408 low. The price may perhaps correct a few points above the $415 level. However, gains could be limited and levels such as $420 and $425 are likely to prevent gains. Moreover, the 50% Fib retracement level of the last decline from the $438 high to $408 low awaits near $423.

Looking at the chart, BCH price has moved into a bearish zone below the $425 level. If there is any recovery in the short term, buyers are likely to struggle near $420 or $425.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is recovering above the 30 level.

Major Support Level – $408

Major Resistance Level – $425

The post Bitcoin Cash Price Analysis: BCH/USD Turns Bearish Below $420 appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

CK USD (CKUSD) на Currencies.ru

$ 0.2153 (+0.52%)
Объем 24H $0
Изменеия 24h: 0.67 %, 7d: -2.33 %
Cегодня L: $0.2128 - H: $0.2153
Капитализация $0 Rank 3492
Цена в час новости $ 1.0068 (-78.62%)

usd bitcoin bearish bch cash price line

Источник: newsbtc.com

usd bitcoin → Результатов: 126


Анализ цен Bitcoin, Ethereum, XRP на 21.01.2022

Резкое падение рынка в завершении вчерашнего дня привело к снижению цены Bitcoin в область пятимесячного минимума. BTC/USD Вчера утром покупатели, воспользовавшись поддержкой линии POC (41700. 93 USD), смогли восстановить цену биткоина выше 50% фибо (42447.

2022-1-21 10:51


Анализ цен Bitcoin, Ethereum, XRP на 07.10.2021

Цена Bitcoin бьёт рекорды четырёхмесячных максимумов и прорывается к отметке 55800. 00 USD. Смогут ли быки вернуть цену в зону майского максимума? BTC/USD Вчера во второй половине дня покупатели сформировали мощный бычий импульс, и цена биткоина пробила оранжевое сопротивление на уровне 53400.

2021-10-7 09:23


BTC / USD Price Analysis: Bitcoin On The Run

Bitcoin has a bullish short-term outlook, with the BTC / USD pair now trading at its highest level since September 2018 The BTC / USD pair has found strong technical resistance from the $7,300 level A large inverted head and shoulders pattern has now formed on the daily time frame Bitcoin / USD Short-term price […] The post BTC / USD Price Analysis: Bitcoin On The Run appeared first on Crypto Briefing.

2019-5-13 16:44


Обзор курсов ТОП-10 криптовалют к USD — 14 июня 2018

На утро четверга ситуация на криптовалютном рынке, в ТОП-10 выглядит следующим образом Сообщение Обзор курсов ТОП-10 криптовалют к USD — 14 июня 2018 появились сначала на Freedman.club News: Все новости о Bitcoin, Криптовалютах, Blockchain, ICO.

2018-6-14 06:42


Обзор топовых криптовалют 12.06.2018.

Bitcoin BTC/USD Несколько дней назад цена биткойна довольно существенно просела (- $1000), что, конечно же, потянуло вниз за собой и весь остальной рынок. Сейчас рассматриваю 2 основных варианта: коррекция к $7 070 — $7 330 (61,8% и 38,2% фибо) – писал про.

2018-6-12 15:57


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Cash successfully completes halving, price leaps to its highest since 2021

Bitcoin Cash experienced a notable surge, soaring over 10% following the completion of the blockchain’s network halving. The digital asset, which has been on a consistent upward trajectory since the year began, has witnessed a remarkable 23% surge over the past week and an impressive 43% upswing in the last 30 days, according to data […] The post Bitcoin Cash successfully completes halving, price leaps to its highest since 2021 appeared first on CryptoSlate.

Bitcoin Cash Price Pumps Over 10% But $255 Is The Key To More Gains

Bitcoin Cash price rallied over 10% and broke the $245 resistance. BCH is now facing strong resistance near the $255 zone. Bitcoin cash price started a fresh surge above the $232 resistance. The price is trading above $245 and the 100 simple moving average (4 hours).