Is Bitcoin Cash On The Road to $300?50-day EMA: A key technical indicator that averages the closing prices of an asset over the last 50 days. BCH recently tested this level for its resilience.
200-day EMA: Another crucial moving average that represents a longer timeframe. BCH had revisited this level, hovering around $180.
Resistance Trendline at $228: BCH faces a significant barrier at this price point, which might act as a hurdle before making further upward moves.
Death Cross: A technical pattern suggesting the potential for a significant selloff. It occurs when a short-term moving average crosses below a long-term moving average. BCH narrowly avoided this bearish signal.
RSI (Relative Strength Index): This momentum oscillator measures the speed and change of price movements. The RSI for BCH is approaching the 'overbought' territory, suggesting a bullish sentiment.
MACD (Moving Average Convergence Divergence): This trend-following momentum indicator shows the relationship between two moving averages of an asset's price. The widening gap suggests a bullish momentum for BCH.