Price is facing multiple substantial resistance areas.
Unlike most other cryptocurrencies, the price has fallen below all major support areas and is currently in uncharted territory.
The RSI went below 30 for a month, indicating oversold conditions, but there is no bullish divergence yet.
As it was expected from the technical indicators Bitcoin Cash went down back below $170. At the same time, buying activity is still high and sideways trading should take effect.
Unlike most other cryptocurrencies, the price has fallen below all major support areas and is currently in uncharted territory.
The RSI went below 30 for a month, indicating oversold conditions, but there is no bullish divergence yet.
As it was expected from the technical indicators Bitcoin Cash went down back below $170. At the same time, buying activity is still high and sideways trading should take effect.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.