BCH/USDT1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN CASH update from Crypto Sanders.
Chart Analysis:- Bitcoin cash (BCH) was a notable gainer on Monday, as the token rose to a two-month high to start the month.
BCH/USD peaked at 246.98 earlier in the day, after trading at a low of 233.74 during Sunday’s session.
This was the strongest point that Bitcoin cash has hit since July 31, when the price reached a high of 259.00
today’s move comes after a key resistance level of 245.00 was briefly broken, bulls have gone on to retreat from earlier positions.
One reason for this was a collision that occurred on the relative strength index (RSI), which hit the 70.00 resistance point.
Currently, the index is tracking at 69.53, with BCH at 243.30 as of writing.
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Bchanaliysis
BCH/USDT Maximize Potential with Trend Line, RSI Divergence💎 BCH/USDT has been closely following a trend line, indicating a consistent pattern of price movements. As the trend line breaks, it triggers a wave of bullish momentum and the price of BCH/USDT to new heights
💎 Relative Strength Index (RSI) is showing a bullish divergence, signaling a potential shift in momentum.
💎 Combining the trend line and the RSI bullish divergence, it suggests that there may be an upward price movement on the horizon for BCH/USDT.
Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
#BCH/USDT 4Hr UPDATE Hello, welcome to this BCH/USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin cash (BCH) raced to a one-week high on Wednesday, despite cryptocurrency markets mostly trading lower.
Following a low of $103.09 on Tuesday, BCH/USD surged to an intraday peak of $109.09 earlier in today’s session.
The move saw BCH hit its highest point since November 8, when the token was trading close to a high of $120.00.
As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00.
The 14-day relative strength index (RSI) also rose higher, with the index breaking out of a ceiling of its own.
Currently, the index is tracking at 46.52, which is above the aforementioned ceiling of 45.00.
This is not a piece of financial advice.
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