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BCH/USD retreated a little in the short term but upside pressure remains high. The altcoin tested and retested the immediate support levels and now it tries to come back higher. It's trading at 111.30 at the time of writing.
It has increased by 6.77% from yesterday's low of 105.90 to 113.07 today's high. Technically, the price action signaled exhausted sellers and a potential larger rebound. Still, a bullish reversal needs confirmation.
Technically, Bitcoin Cash dropped again after reaching and retesting the downtrend line. Now, it has found support at 106.72 and it has turned to the upside again.
The crypto is struggling to stabilize above the weekly pivot point of 110.45 and above the median line (ml). Staying above this line and near the downtrend line may signal an imminent upside breakout.
A valid breakout through the downtrend line and a new higher high signals an upside reversal.
Dropping and stabilizing below 106.72 activates more declines.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
