Bitcoin Cash Price Analysis: BCH/USD’s Upsides Capped Near $450

2018-9-26 07:28

Key Points

Bitcoin cash price is struggling to recover and move back above $445-450 against the US Dollar. There is a key bearish trend line in place with resistance at $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could continue to move down as long as it is below the $445 and $450 resistances.

Bitcoin cash price is facing heavy selling interest below $450 against the US Dollar. BCH/USD could accelerate losses if there is a break below $425.

Bitcoin Cash Price Analysis

There was a fresh bearish wave initiated from the $475 pivot level in bitcoin cash price against the US Dollar. The BCH/USD pair declined and broke a key support at $450. There was even a close below the $445 level and the 100 hourly simple moving average. The price recently traded towards the $425 level and is currently recovering higher. It tested the 23.6% Fib retracement level of the last decline from the $508 high to $425 low.

However, upsides were capped by the $445 and $450 resistance levels. There is also a key bearish trend line in place with resistance at $445 on the hourly chart of the BCH/USD pair. Above the trend line, the price is likely to face sellers near the $460 level. Above this, the 50% Fib retracement level of the last decline from the $508 high to $425 low is at $467. As long as the price is below the $450 and $467 resistance levels, there is a risk of more losses. On the downside, a break below the $425 low could open the doors for a push towards the $400 handle.

Looking at the chart, BCH price seems to be trading in a bearish zone below $450. More declines are possible if there is no recovery above $467.

Looking at the technical indicators:

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

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

Major Support Level – $425

Major Resistance Level – $450

The post Bitcoin Cash Price Analysis: BCH/USD’s Upsides Capped Near $450 appeared first on NewsBTC.

Similar to Notcoin - Blum - 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 $ 0.982 (-78.08%)

usd bitcoin bch price cash move analysis

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