empty
 
 
28.09.2022 08:13 PM
Bitcoin cash: accumulation above 105.00

Bitcoin Cash is moving somehow sideways in the short term. As you already know, the altcoin dropped by more than 90% from last year's high. It has changed little lately, so most likely, BCH/USD will be trapped in the range in the upcoming period.

Technically, the price action developed a potential triangle pattern. Still, an upwards movement is far from being confirmed. In the last 24 hours, BCH/USD is up by 0.65% and it's down by 1.17% in the last 7 days. As you already know, the price of Bitcoin is trading sideways as well. A clear direction could bring important moves also in Bitcoin Cash.

BCH/USD Oversold Signs!

This image is no longer relevant

The price continues to move sideways after failing to resume the leg higher started on July 13, 2022. The current range could represent an accumulation. Its failure to come back down towards 97.02 and 95.15 major downside obstacles signaled exhausted sellers.

The 123.41 level stands as a static resistance while the downtrend line represents a dynamic resistance.

BCH/USD Outlook!

In the short term, it could continue to move sideways. A valid breakout through the downtrend line and above 123.41 activates a larger growth. This scenario could bring buying opportunities with potential targets at 138.78 and 164.97 levels.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback