Analytics

Bitcoin Cash Analysis: Recovery Faces Hurdle Near $225

Earn money with the top Binance exchange

  • Bitcoin cash price started a fresh decline from the $250 resistance against the US Dollar.
  • The price is now trading below the $225 zone and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $225 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair might start a major increase if there is a clear move above the $225 resistance.

Bitcoin cash price is struggling below $225 against the US Dollar, similar to bitcoin. BCH/USD could start a fresh decline if it stays below $225.

Bitcoin Cash Price Analysis

Bitcoin cash price made a few attempts to gain strength above $250 and $255. However, BCH failed to gain pace and started a fresh decline below the $225 level.

There was a move below the $200 level and the 55 simple moving average (4-hours). The price even traded below the $180 support and formed a low near $150. It is now correcting losses above the $160 level. There was a move above the 50% Fib retracement level of the recent decline from the $250 swing high to $150 low.

On the upside, the price is now facing resistance near the $225 level. There is also a major bearish trend line forming with resistance near $225 on the 4-hours chart of the BCH/USD pair.

The trend line is near the 76.4% Fib retracement level of the recent decline from the $250 swing high to $150 low. The next major resistance is near the $250 level or the 55 simple moving average (4-hours). A clear break above $250 and $255 might send the price towards the $300 barrier.

Any more gains above $300 could set the pace for a larger increase. The next major hurdle is near the $320 level. An immediate support on the downside is near the $200 zone.

The next major support is near the $180 level, below which the bears might gain strength. The next target for them may perhaps be near the $150 level.

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is now trading below the $225 zone and the 55 simple moving average (4-hours). Overall, the price might start a major increase if there is a clear move above the $225 resistance.

Technical indicators

4 hours MACD – The MACD for BCH/USD is slowly losing pace in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is now near the 50 level.

Key Support Levels – $200 and $180.

Key Resistance Levels – $225 and $250.

   
Source

Показать больше

Добавить комментарий

Кнопка «Наверх»
  • bitcoinBitcoin (BTC) $ 30,378.00 1.4%
  • ethereumEthereum (ETH) $ 2,066.52 2.5%
  • tetherTether (USDT) $ 1.00 0.06%
  • cardanoCardano (ADA) $ 0.548867 1.61%
  • dogecoinDogecoin (DOGE) $ 0.087614 1.73%
  • tronTRON (TRX) $ 0.076101 0.2%
  • daiDai (DAI) $ 1.00 0.11%
  • litecoinLitecoin (LTC) $ 72.85 1.56%
  • crypto-com-chainCronos (CRO) $ 0.198516 2.75%
  • matic-networkPolygon (MATIC) $ 0.693570 3.79%
  • leo-tokenLEO Token (LEO) $ 4.90 0.24%
  • ftx-tokenFTX Token (FTT) $ 30.89 1.24%
  • bitcoin-cashBitcoin Cash (BCH) $ 203.14 1.94%
  • moneroMonero (XMR) $ 195.61 8.65%
  • chainlinkChainlink (LINK) $ 7.56 3.36%
  • cosmosCosmos Hub (ATOM) $ 12.02 6.03%
  • stellarStellar (XLM) $ 0.136279 0.52%
  • okbOKB (OKB) $ 12.98 4.65%
  • ethereum-classicEthereum Classic (ETC) $ 23.32 12.21%
  • algorandAlgorand (ALGO) $ 0.444472 0.64%
  • vechainVeChain (VET) $ 0.033718 5.76%
  • hedera-hashgraphHedera (HBAR) $ 0.105869 1.8%
  • tezosTezos (XTZ) $ 2.01 2.71%
  • kucoin-sharesKuCoin Token (KCS) $ 16.70 0.51%
  • eosEOS (EOS) $ 1.40 3.69%
  • zcashZcash (ZEC) $ 108.89 2.5%
  • theta-tokenTheta Network (THETA) $ 1.35 4.09%
  • makerMaker (MKR) $ 1,426.76 0.67%
  • huobi-tokenHuobi Token (HT) $ 7.01 0.24%
  • iotaIOTA (MIOTA) $ 0.358056 4.2%
  • gatechain-tokenGateToken (GT) $ 5.84 0.53%
  • neoNEO (NEO) $ 12.20 13.82%
  • zilliqaZilliqa (ZIL) $ 0.056752 3.93%
  • dashDash (DASH) $ 63.82 7.72%
  • enjincoinEnjin Coin (ENJ) $ 0.733976 2.39%
  • havvenSynthetix Network Token (SNX) $ 2.82 3.1%
  • wavesWaves (WAVES) $ 6.26 6.51%
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.414945 3.11%
  • blockstackStacks (STX) $ 0.572772 4.51%
  • decredDecred (DCR) $ 39.33 4.1%
  • nemNEM (XEM) $ 0.057993 2.37%
  • holotokenHolo (HOT) $ 0.002699 3.57%
  • bitcoin-goldBitcoin Gold (BTG) $ 26.28 36.85%
  • qtumQtum (QTUM) $ 4.41 8.63%
  • 0x0x (ZRX) $ 0.466307 3.32%
  • omisegoOMG Network (OMG) $ 2.74 6.84%
  • ravencoinRavencoin (RVN) $ 0.031292 3.14%
  • iconICON (ICX) $ 0.407750 5.16%
  • siacoinSiacoin (SC) $ 0.005538 3.1%
  • ontologyOntology (ONT) $ 0.302920 6.16%
  • digibyteDigiByte (DGB) $ 0.013260 3.11%
  • hiveHive (HIVE) $ 0.528232 2.79%
  • liskLisk (LSK) $ 1.33 8.86%
  • nanoNano (XNO) $ 1.20 3.1%
  • republic-protocolREN (REN) $ 0.159041 0.71%
  • statusStatus (SNT) $ 0.037217 4.81%
  • kyber-networkKyber Network Crystal Legacy (KNCL) $ 2.43 7.26%
  • steemSteem (STEEM) $ 0.286895 0.72%
  • augurAugur (REP) $ 12.66 35.24%
  • energiEnergi (NRG) $ 1.55 4.64%
  • numeraireNumeraire (NMR) $ 13.48 2.13%
  • ethlendAave [OLD] (LEND) $ 1.02 7.91%
  • bitcoin-diamondBitcoin Diamond (BCD) $ 0.240775 8.14%
  • bytomBytom (BTM) $ 0.010578 3.4%
%d такие блоггеры, как: