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BCH can recover – September 24
The situation now shows that the crypto economy may recover from a point above the $100 support baseline. The price is around $120.38 with a slight positive of 0.16%.
BCH price statistics:
BCH price now – $120.38
BCH market value – 2.3 billion dollars
BCH circulation supply – 19.2 million
BCH total supply – 19.2 million
Coinmarketcap Rank – #30
BCH can recover: BCH market
Key steps:
Resistance levels: $140, $150, $1600
Support levels: $100, $90, $80
BCH/USD – Daily Chart
The daily chart of BCH/USD shows that the crypto market may recover around the minor SMA trend line. The location of SMAs in particular suggests that business trends are regionally related. The 14-day SMA indicator is trading at $119.94 value-line, below the 50-day SMA indicator of $139.25. The horizontal line is located at the $100 support level.
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Is the bull run over in BCH/USD market activity for now?
A Technical Reading View from Stochastic Oscillators, ed BCH/USD seems unlikely to trade The crypto market has now completed its bull run as it could recover from a low trading position. The bulls’ potential push is slowly weakening as the 50-day SMA resistance trades below the sell signal. Based on that assumption, long positions can ride from the minor SMA trend line to a high point in an active move. But they should be wary of any reverse action in the process.
On the downside of the technical analysis, the crypto trade may face resistance around the $135 or $140 points if the price moves northwards through the volatile high resistance value lines without a breakout. A rejected pullback indicates a good sell entry for the BCH/USD market bears. Traders should use the 1-hour or 4-hour chart to determine when to execute the order.
BCH/BTC price analysis
compared to, Bitcoin cash It was built on a relatively massive initial path with Bitcoin. The crypto-pairing-coin market can recover, which aims to reach a higher point above the trend lines of the SMAs. The 14-day SMA indicator moved strongly higher to join the 50-day SMA indicator below. Stochastic Oscillators crossed to the north to reach values of 62.71 and 87.91 range. This requires caution so that the base crypto does not see itself pushed by the counter crypto in subsequent operations.
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