Bitcoin CashShort
Trend analysis: BCH / USD (Bitcoin Cash)
Updated
The trend for BCH / USD remains bearish.
Correction of the Bitcoin Cash up to $930 is questionable. We expect the price reduction to stop in the $685-$660 zone.
Current situation:
At the moment we are near the important zone of $670- $650, maybe the price will be able to find equilibrium and stop its decline near this zone.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $700;
2. $720;
3. $750;
4. $771;
5. $810.
Support levels:
1. $670;
2. $660;
3. $650.
Forecast:
The price decrease from the level of $ 690 with the target in the support zone: $670- $650.
Correction of the Bitcoin Cash up to $930 is questionable. We expect the price reduction to stop in the $685-$660 zone.
Current situation:
At the moment we are near the important zone of $670- $650, maybe the price will be able to find equilibrium and stop its decline near this zone.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $700;
2. $720;
3. $750;
4. $771;
5. $810.
Support levels:
1. $670;
2. $660;
3. $650.
Forecast:
The price decrease from the level of $ 690 with the target in the support zone: $670- $650.
Note
Trend analysis: BCH / USD (Bitcoin Cash)The trend for BCH / USD remains bearish.
Current situation:
Bitcoin Cash quotation is under the pressure of sellers. Today, the price of BCH / USD is trying to bounce up from the level of $660. An important level that the bulls have to overcome for Bitcoin price growth continuation is a mark in the $720 area. Its breakout will give hope to the bulls for further growth in the $750- $810 zone.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $720;
2. $750;
3. $771;
4. $810.
Support levels:
1. $670;
2. $660;
3. $650.
Forecast:
The rise in Bitcoin Cash's price from $720 to $750- $810.
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