Битцоин Цасх три пута враћа подршку од 110 долара док наставља да се креће у страну

The price of Bitcoin Cash (BCH) is in a downward correction as the altcoin drops to the low of $111.84. The current level is the historical price from August 19.

Since August 19, BCH has been in a sideways movement between the $110 and $140 price levels. On July 29, buyers failed to break through the overriding resistance of $164. 

They were rejected when the altcoin fell below the moving average lines. Yesterday, they pushed the altcoin above the 21-day line SMA, but got stuck at the 50-day line SMA. If buyers keep the price above the moving average lines, the altcoin will rise and retest the resistance at $140. The bullish momentum will extend to the upper resistance at $164. On the other hand, BCH will continue its sideways movement between $110 and $140 if buyers fail to keep the price above the moving average lines.

Очитавање индикатора Битцоин Цасх-а

The cryptocurrency is at level 41 of Relative Strength for the period 14. It is in a downtrend as it falls to the current support that has held for the last three months. The price bars of the cryptocurrency are below the moving average lines, which indicates a further decline. The cryptocurrency is below the 20% area of the daily stochastic. BCH is trading in the oversold area of the market.

Технички индикатори

Кључне зоне отпора: 130 и 150 долара

Кључне зоне подршке: 120 и 100 долара 

Који је следећи потез за Битцоин Цасх?

Bitcoin Cash is in a downtrend, but selling pressure has eased as the altcoin consolidates above $110 support. The uptrend is doubtful as the altcoin fluctuates in a range. On the downtrend from August 2, a retraced candlestick tested the 61.8% Fibonacci retracement level. The retracement suggests that BCH will fall but reverse at the 1.618 Fibonacci extension level or $112.35. From the price action, BCH tested the 1.618 Fibonacci extension three times and resumed the sideways movement.

Одрицање од одговорности. Ова анализа и прогноза су лично мишљење аутора и нису препорука за куповину или продају криптовалуте и не треба их посматрати као подршку Цоин Идола. Читаоци би требало да сами истраже пре него што инвестирају у фондове.