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Bitcoin Cash Price Prediction: All eyes on the $285 support as price continues to fall  – Confluence Detector

Bitcoin Cash Price Prediction: All eyes on the $285 support as price continues to fall  – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BCH/USD daily confluence detector

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BCH/USD went from $303.50 to $289.30, dropping below the $0.30 level. The daily confluence detector shows that the $285 support level now needs to hold very strong. This level has the 4-hour Previous Low, one-week Fibonacci 38.2% retracement level and one-month Fibonacci 23.6% retracement level. On the upside, we have strong resistance at $309, highlighted by the Previous Month high, 4-hour Bollinger Band middle curve.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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