The price of Bitcoin Cash (BCH) is trading above the 21-day moving average line, but below the 50-day moving average line. This indicates that the cryptocurrency’s price will fluctuate between the moving averages.
Moreover, the cryptocurrency will develop a trend when the moving lines are broken. Today, BCH/USD is trading at $338.38 as we write this article.
On February 10, the uptrend was stopped when the altcoin rose to a high of $360. The altcoin has retraced and returned to a sideways trend. If the price breaks the 50-day moving average line or the resistance at $360 to the upside, the market will go up to $450. Nevertheless, BCH will continue the sideways movement if the bullish scenario is invalidated. However, if the bears break below the 21-day moving average line, the altcoin will fall to a low of $270.
ការអានសូចនាករសាច់ប្រាក់ Bitcoin
Bitcoin Cash’s price bars are located between the moving averages, which indicates a fluctuating movement. The altcoin is at level 52 of the Relative Strength Index for period 14. The cryptocurrency is in an uptrend and is capable of moving higher. BCH is above the 50% area of the daily stochastic. This indicates that the market is in a bullish momentum.
សូចនាករបច្ចេកទេស
តំបន់តស៊ូគន្លឹះ៖ ២២០ ដុល្លារ, ២៤០ ដុល្លារ, ២៦០ ដុល្លារ
តំបន់ជំនួយសំខាន់ៗ៖ ១៦០ ដុល្លារ ១៤០ ដុល្លារ ១២០ ដុល្លារ
តើអ្វីជាការផ្លាស់ប្តូរបន្ទាប់សម្រាប់ Bitcoin Cash?
Bitcoin Cash is in an uptrend as the price has risen above the moving averages. The current uptrend is encountering resistance at the high at $360. Meanwhile, a retracement candlestick tested the 50% Fibonacci retracement level. The retracement suggests that BCH will rise to the 2.0 Fibonacci extension level, or $453.50. The price action shows that BCH is trading below the $360 resistance level to break it.
ការបដិសេធ។ ការវិភាគនិងការព្យាករណ៍នេះគឺជាគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធហើយមិនមែនជាអនុសាសន៍ក្នុងការទិញឬលក់គ្រីបគ្រីមៀរហើយមិនគួរត្រូវបានគេមើលឃើញថាជាការយល់ព្រមដោយកាក់អាយដល។ អ្នកអានគួរធ្វើការស្រាវជ្រាវដោយខ្លួនឯងមុនពេលវិនិយោគមូលនិធិ។
ប្រភព៖ https://coinidol.com/bitcoin-cash-resistance-360/