BCH/USD technical analysis: Bitcoin Cash finds support ahead of 300 again

  • Bitcoin Cash pushes high after finding support again just ahead of the psychological 300.00 mark.
  • The next resistance has been used to good effect on a few occasions.

 

Bitcoin Cash is still 0.56% lower this evening but it is not one of the worst-performing cryptocurrencies

After selling off earlier in the session bulls came in to support the price before it managed to test 300.00 yet again. 

The price is currently at 322.13 and the next resistance stands at 328.13.

The volume profile indicator on the left-hand side of the chart shows that 305.20 is the price where most volume has been traded.

The price structure is showing consecutive higher low higher high waves so the test of 333.93 is now paramount.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.