Bitcoin Cash Price Analysis: BCH/USD Dips Remain Supported Above $540

2018-9-28 07:28

Key Points

Bitcoin cash price extended gains above the $550 resistance and traded towards $600 against the US Dollar. There was a break above a bullish pennant pattern with resistance at $522 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair traded as high as $592 and it is currently correcting lower towards key supports.

Bitcoin cash price is placed nicely above the $540 support against the US Dollar. BCH/USD remains supported on dips near the $540 and $525 levels.

Bitcoin Cash Price Analysis

There was an increase in buying interest for bitcoin cash price above the $520 level against the US Dollar. The BCH/USD pair completed a downside correction yesterday at $510. Later, the pair gained traction and made a nice upside move above the $525 and $540 levels. The price action was such that buyers gained control above the $540 level and the price gained substantially.

During the rise, there was a break above a bullish pennant pattern with resistance at $522 on the hourly chart of the BCH/USD pair. The pair broke the $580 resistance and traded close to the $600 level. A new weekly high was formed at $592 before the price corrected lower. It moved down below the 23.6% Fib retracement level of the last wave from the $503 low to $592 high. On the downside, there are many supports above the $540 level. An immediate support is at $550. Below this, the 50% Fib retracement level of the last wave from the $503 low to $592 high is at $547.

Looking at the chart, BCH price is trading in an uptrend above the $540 level. On the upside, a break above $590 and $600 could accelerate gains in the near term.

Looking at the technical indicators:

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

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

Major Support Level – $540

Major Resistance Level – $590

The post Bitcoin Cash Price Analysis: BCH/USD Dips Remain Supported Above $540 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin Cash (BCH) на Currencies.ru

$ 445.92 (-2.46%)
Объем 24H $437.128m
Изменеия 24h: -1.68 %, 7d: -17.69 %
Cегодня L: $443.79 - H: $460.11
Капитализация $8.832b Rank 19
Цена в час новости $ 559.85 (-20.35%)

above bitcoin price usd bch cash pair

Источник: newsbtc.com

above bitcoin → Результатов: 126


Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k?

Bitcoin Dogs rose 30% in two weeks before paring gains. Bitcoin price is back above $68,000 after last week’s slip halted bulls’ momentum. With BTC regaining control above $68k, could this spark Bitcoin Dogs price? New upside momentum has pushed Bitcoin (BTC) above $68,500 following last week’s sharp decline that saw bears reject movement above […] The post Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k? appeared first on CoinJournal.

2024-10-29 14:05


Фото:

Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day

Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at the beginning of the month, which is why the relatively slight price increase above the $60,000 threshold was enough to inject the market with a […] The post Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day appeared first on CryptoSlate.

2024-8-23 05:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Cash (BCH) Soars 20%: Can The Momentum Last?

Bitcoin Cash price started a major increase above the $350 resistance. BCH is consolidating and might aim for more gains above the $385 resistance. Bitcoin cash price started a fresh increase above the $350 level.