Suche
Mein Konto
BCH Explodes 30% Daily, Here's Key Resistance (Bitcoin Cash Price Analysis)
BCH broke its downtrend and the price rose quickly. Key Support Levels: $122 Key Resistance Levels: $140, $155 After the breakout was confirmed, BCH managed to surge by 30% in a short period of time as buyers rushed to get involved. The price reached a key resistance at $140, where sellers declined and prevented the price from rising. Current support is at $122. Chart from TradingView Trading Volume: The explosive volume caused BCH to break through multiple resistance levels at once. If this continues, the key resistance at $140 will have a hard time stopping the bulls. …
BCH Explodes 30% Daily, Here's Key Resistance (Bitcoin Cash Price Analysis)
BCH broke its downtrend and the price rose quickly.
Key Support Levels: $122
Key Resistance Levels: $140, $155
After the breakout was confirmed, BCH managed to surge by 30% in a short period of time as buyers rushed to get involved. The price reached a key resistance at $140, where sellers declined and prevented the price from rising. Current support is at $122.
Chart from TradingView
Trading volume:The explosive volume caused BCH to break through multiple resistance levels at once. If this continues, the key resistance at $140 will have a hard time stopping the bulls.
RSI: The daily RSI is already in the overbought zone at over 70 points.
MACD: The daily MACD is bullish and momentum seems to favor a continuation of this price movement.
Chart from TradingView
Bias
The bias for BCH is bullish.
Short-term forecast for ADA price
This cryptocurrency seems to be able to continue its rise, but it is very important to keep an eye on the key resistances at $140 and $155. If these fall, BCH could enter a sustained rally.
.