BCH explodes by 30 %daily, here is the most important resistance (Bitcoin-Cash price analysis)

BCH explodes by 30 %daily, here is the most important resistance (Bitcoin-Cash price analysis)

BCH broke its downward trend and the price rose quickly.

Important support levels: $ 122

Important resistance level: $ 140, $ 155

After the outbreak was confirmed, it was possible to increase by 30 % in a short time because the buyers hurried to get involved. The prize achieved an important resistance at $ 140, where the seller went back and prevented the price. The current support is $ 122.

Diagram of Tradingview

trading volume: The explosive volume led to the fact that BCH broke several resistance levels at the same time. If this continues, the key resistance will find it difficult to stop the bulls at $ 140.

rsi : The daily RSI is already in the overbought area at over 70 points.

macd : The daily MacD is bullish and the momentum seems to promote a continuation of this price movement.

Diagram of Tradingview

bias

The tendency for BCH is bullish.

Short-term forecast for the ADA Prize

This cryptocurrency seems to be able to continue your increase, but it is very important to keep an eye on the most important resistance at $ 140 and $ 155. If these fall, BCH could enter a sustainable rally.

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