The BCH/USD market valuation shows recovery move after the crypto’s price fell to approach the lower zone of $400 support level in the previous downward trading activities. The crypto now trades around the line of $772 at a 7.20% appreciation.
Shows Recovery Move BCH Market
Key Levels:
Resistance levels: $900, $1,100, $1,300
Support levels: $500, $400, $300
BCH/USD – Daily Chart
The BCH/USD daily chart shows variant candlesticks characterizing shows recovery move of the crypto from the drawdown it has been suffering in the recent past sessions. The 14-day SMA has slightly bent downward across the level of $1,000 over the 50-day SMA indicator that is located at the value of $800. The Stochastic Oscillators have crossed the hairs from the oversold region to face the north direction closely below range 40. There is the formation of a bullish candlestick promising resurfacing of more ups as against the return of downsides at that present trading level.