- Bitcoin cash price started an upside correction and moved above the $450 resistencia contra el dólar de EE.UU..
- There was a break above this week’s followed key bearish trend line near $445 en el gráfico horario del USD pair / BCH (data feed from Kraken).
- The pair climbed above the $450 y $460 levels and it may continue to trade higher towards $500.
Bitcoin cash price recovered nicely from the $410 low against the US Dollar. BCH/USD is likely to recover further towards the $480 y $500 levels.
Bitcoin efectivo Precio de recuperación
Ayer, we discussed how bitcoin cash price is struggling to break the $440 y $450 resistencias contra el dólar de EE.UU.. Luego, the BCH/USD pair managed to gain traction and moved above the $450 resistencia. The upside move was strong as the price broke the 61.8% Fib retracement level of the last slide from the $478 alta a $410 bajo. The price even settled above $450 y el 100 por hora media móvil simple.
More importantly, there was a break above this week’s followed key bearish trend line near $445 en el gráfico horario del USD pair / BCH. El par se comercia tan alto como $475 and it is currently correcting lower. It already tested the 23.6% Fib retracement level of the recent wave from the $410 low to $475 alto. A la baja, there are many supports around the $450 nivel. el indicado $450 level was a resistance earlier and now it could provide support along with the 100 hourly SMA. Below $450, el 50% Fib retracement level of the recent wave from the $410 low to $475 alta es en $443.
Observando el gráfico, BCH price is placed nicely above the $445-450 zone and it could continue to move higher towards $480-500.
Looking at the technical indicators:
MACD por hora – The MACD for BCH/USD is placed in the bullish zone.
RSI por hora (Relative Strength Index) – The RSI for BCH/USD is positioned nicely above the 60 nivel.
Mayor Nivel de soporte - $450
Mayor nivel de resistencia - $480
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