Bitcoin Cash (BCH/USD) Market Positions in $500 and $400
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Bitcoin Cash Price Prediction – December 24
It now witnessed that the BCH/USD market positions in $500 and $400 trading zones after a line of smaller-sequential downs toward the latter value line. The crypto-economic market operations’ percentage rate is about a minute point of 0.50 positive, trading around $457 as of writing.
BCH/USD Market
Key Levels:
Resistance levels: $500, $600, $700
Support levels: $400, $350, $300
BCH/USD – Daily Chart
The BCH/USD daily chart showcases the crypto-economic market positions in $500 and $400 after a while-downing progression on a lighter note toward the latter point, which serves presently as the first support level. The 50-day SMA trend line is above the 14-day SMA trend line. The upper bearish trend line drew to conjoin with the smaller SMA indicator. The Stochastic Oscillators have dived into the overbought region with their lines closed. And they somewhat point toward the east to suggest that the market may soon witness a recess-trading situation.
Are there trading technicalities backing the possibilities of getting higher points in the BCH/USD trade operations as the crypto-economic market positions in $500 and $400?
It still somewhat appears that the BCH/USD will find surging northwardly for higher points a bit difficult as the crypto-economic market positions in $500 and $400 levels. The positioning of the 14-day SMA indicator close above the current trading spot portends that price may encounter resistance around the first value-line mentioned, especially while the market tends to continue to push with fewer motions.
On the downside of the technical analysis, short-position takers of the BCH/USD market operations will have to take advantage of the possibility of seeing price downsizing with active forces presumably around the trend line of the 50-day SMA before launching a sell order. However, a sudden aggressive breakout of those points will invalidate getting a decent sell entry afterward. 
BCH/BTC Price Analysis
In comparison, Bitcoin Cash’s pushing forces as been weighed against that of Bitcoin still lacks the momentums to surge northward. The cryptocurrency pair market positions underneath the trend .lines of the SMAs. The 50-day SMA indicator is above the 14-day SMA indicator. The Stochastic Oscillators have moved down to touch the range at 20. That indicates that the base crypto still can’t push against the flagship counter crypto until the present.
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