Bitcoin Cash (BCH/USD) Market Holds Positions Between $350 and $300
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Bitcoin Cash Price Prediction – April 22
BCH/USD market holds positions between $350 and $300 psychological trading points. The situation may uphold for some time as the crypto-economic price trades at $326 at a positive percentage rate of 3.60.
BCH/USD Market
Key Levels:
Resistance levels: $3500, $400, $450
Support levels: $300, $250, $200
BCH/USD – Daily Chart
The BCH/USD daily chart showcases the crypto-economic market holds positions between $350 and $300 trading levels. The bearish channel trend lines drew to indicate that the crypto economy is still under a downward trend. There is a smaller space between the trading indicators as the 50-day SMA is above the 14-day SMA. The Stochastic Oscillators have briefly crossed their lines southbound at 80 range-line.
Will the BCH/U trade price change the pattern soon as it holds positions between $350 and $300?
A slight change of direction may occur in the long-term run of the BCH/USD business operations if selling forces are intense in the current situation. The crypto-economic market holds positions between $350 and $300 trading levels. Buyers may lack the much-needed catalyst to boost their movement sustainably to stay afloat over the formerly mentioned value-line in the near time.
On the downside of the technical analysis, the BCH/USD market sellers have a higher-potential chance to get a decent sell entry as the crypto economy is finding it difficult to break past the $350 resistant trading level over a couple of sessions. The crossing of the Stochastic Oscillators to the southbound at an 80 range 0 signifies a falling force may occur soon.
BCH/BTC Price Analysis
In comparison, Bitcoin Cash is currently trying to push for recovery after running into a correction process with Bitcoin about fewer days back. The cryptocurrency pair market holds between bearish channel trend lines drawn to ascertain the trend that the price keeps. The 50-day SMA indicator is closely above the 14-day SMA indicator. The Stochastic Oscillators have crossed southbound from the overbought region. And they are now trying to cross back the lines northbound from the range of 40. With a bullish candlestick currently in the making, the base crypto stands an opportunity to regain a part of its lost momentum as it trades against the countering crypto.
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