in ,

Bitcoin Cash [BCH] Price Prediction Today: The bulls among the bears spikes 5% in 24 hours

  • BCH/USD short-term technical levels stay strongly positive despite the cryptocurrency market showing strong bearish signs.
  • The 12 EMA divergence above the 26 EMA shows that the bulls are gaining traction.

Bitcoin Cash is in the green amid a market that is steadily becoming bearish. The crypto has battled to reverse the trend following the loss on April 11 when it found support at $260.00 (range support). In fact, a new trend has been forming above the trendline as well both the 12 moving average exponentials (EMA)-hour and the 26 EMA 4-hour. The trading yesterday pulled Bitcoin above the range resistance at $320. Further correction formed a high around $334.31 before the bears took over control.

Bitcoin Cash Price Analysis
Chart source: Tradingview

Bitcoin Cash 4-hour outlook

The 4-hour timeframe shows BCH/USD trading slightly below the range resistance. Slight gains recorded above the short-term support at $300 have not been able to break past the hurdle at $320. Meanwhile, short-term technical levels stay…

Read Full Story : Coingape

2019-04-16 15:05:30

What do you think?

0 points
Upvote Downvote

Written by Coingape

Binance Completes Seventh Quarterly Coin Burn; BNB Price Knocking at $20

Bitcoin (BTC): Evening Star Doji On Weekly Chart Confirms Bearish Reversal