BCH Price Projects A Consolidated Momentum
The weekly technical chart of the BCH projects a bullish momentum.BCH currently trades at $536.18 with an intraday gain of 4.46%. Resistance for the coin ongoing upside is at 600.Meanwhile, the bounce back for the coin can be seen from $500. Bitcoin cash is currently below the 50 and above 100 Moving average. The 50MA line is at $559, making it a temporary resistance for the coin.BCH daily chart shows that the price is moving inside the parallel channel. If the breaks 10% below the channel, then a strong downtrend can be seen.BCH can see a downtrend in the upcoming days.BCH/BTC pair can also see an uptrend in the forthcoming days.
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