- Bitcoin cash price building higher highs and lower low pattern, which indicates bullish nature over the yearly chart
- BCH resume its bullish momentum, as trading above all the major moving averages of 20,50,100 and 200-DMA
- The pair of BCH/BTC is trading above 20,50 and 100-DMA, with an intraday increment of +15.50% standing at 0.01483 BTC
Bitcoin cash is showcasing bullish momentum over the yearly chart, as trading above all major resistance. The coin is in bullish momentum and creating higher highs and lower low patterns and placed above all the major & important moving averages of 20,50,100 and 200-Day. Meanwhile now the only major supply or resistance zone on the higher side is $1320 and $1830, similarly support on lower levels are situated at $620 and $540. Volume on yearly charts is also normal and indicates increment in upcoming trading sessions. likewise we can see levels of $1100 and $1250 in upcoming trading sessions.
Bitcoin cash price over the monthly chart is trading on a bullish note, with the rising support line. Likewise the coin is successfully placed above all major moving averages of 20,50,100 and 200-Day, and now no major resistance is placed on the higher side only $1350 and $1830. Support for monthly charts is situated at $640 and $535, however some retracement is expected from the higher side as BCH is trading in overbought territory. Currently BCH is trading at the price level of $915 with intraday gain of +11.55%, with volume increment of +21.86% standing at $7,505,256,901. While BCH is standing at 12th rank according to total market capitalization standing at $17,151,738,841 up by +10.69%.
Relative Strength Index (CAUTION ) indicates bullish momentum while trading at 80.62. However, after recovering from lower levels now BCH is trading under overbought zone and some short term profit taking or correction can come.
Moving Average Convergence Divergence (CAUTION) currently indicates a bullish trend on the daily chart, as it is trading with the significance of the buyer’s signal line (green) over the seller’s line (red). However, now a profit taking and correction is expected.
Support levels: $620 and $540
Resistance levels: $1320 and $1830