Bitcoin Cash Price Analysis: BCH/USD Eyeing Gains Above $525

2018-10-8 07:28

Key Points

Bitcoin cash price traded higher recently and moved above the $515 resistance against the US Dollar. There was a break above a crucial bearish trend line with resistance at $512 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now placed in a positive zone and it could continue to move higher towards $530 and $540.

Bitcoin cash price is slowly moving higher against the US Dollar. BCH/USD is likely to continue higher once buyers gain momentum above the $525 level.

Bitcoin Cash Price Analysis

This past week, there was a significant downside move below the $550 support in bitcoin cash price against the US Dollar. The BCH/USD pair traded below the $540 and $520 support levels. There was even a spike below the $500 level and a low was formed at $498. Later, buyers appeared and pushed the price back above the $500 level. Later, the price gained momentum and moved above the $510 and $515 resistance levels.

There was also a break above the 61.8% Fib retracement level of the last decline from the $523 high to $498 low. More importantly, there was a break above a crucial bearish trend line with resistance at $512 on the hourly chart of the BCH/USD pair. The pair is now trading nicely above the $510 level and the 100 hourly simple moving average. It traded close to the $525 resistance and is currently consolidating. On the upside, the next resistance is near $530 and the 1.236 Fib extension level of the last decline from the $523 high to $498 low. Above $530, the price could trade towards the $540 level, which is near the 1.618 Fib extension.

Looking at the chart, BCH price is now placed nicely in a positive zone above $510 and it could test $530 and $540 in the near term.

Looking at the technical indicators:

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

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

Major Support Level – $510

Major Resistance Level – $530

The post Bitcoin Cash Price Analysis: BCH/USD Eyeing Gains Above $525 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cashcoin (CASH) на Currencies.ru

$ 0.0004289 (+0.63%)
Объем 24H $2
Изменеия 24h: -19.83 %, 7d: -30.46 %
Cегодня L: $0.0004262 - H: $0.0005443
Капитализация $22.93k Rank 999999
Цена в час новости $ 0.0059299 (-92.77%)

above bitcoin usd bch price 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.