Price Analysis BCH Feb 7

0 11
Avatar for aleenajoe
Written by
  2
1 month ago
Topics: Bitcoin Cash

BCH/USD

Bitcoin Cash (BCH) soared to our first target objective of $440 on Feb. 5. The bears are currently defending this level but if the bulls can push the price and sustain above it, a move to $500 is possible.

Though the bulls are in command, the RSI has risen into overbought territory, which suggests a minor consolidation or correction for a few days.

Any dip from the current levels is likely to find support at the 20-day EMA at $374. If the price bounces off this support, the bulls will again attempt to resume the up move. A break below $360 will turn the trend in favor of the bears. 

Source:https://cointelegraph.com/news/price-analysis-feb-7-btc-eth-xrp-bch-bsv-ltc-eos-bnb-ada-xtz

$ 0.05
$ 0.05 from @unitedstatian
Avatar for aleenajoe
Written by
  2
1 month ago
Topics: Bitcoin Cash
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

About us Rules What is Bitcoin Cash? Roadmap Affiliate program Get sponsored Self-host
hello@read.cash (PGP key) Reddit