The price of Bitcoin Cash (BCH) has sparked a glimpse of hope against Tether (USDT) as it attempts to flip key resistance with eyes set on $200. The price of Bitcoin Cash in recent weeks has been more gloomy as many altcoins rallied and produced gains of double digits while BCH continues to range. (Data from Binance)<\/p>\n
Bitcoin Cash (BCH) Price Analysis On The Weekly Chart
\nWeekly BCH Price Chart | Source: BCHUSDT On Tradingview.com<\/p>\n
From the chart, the price of BCH saw a weekly low of $112, which bounced from that area and rallied to a price of $130 after showing great recovery signs in recent weeks.\u00a0<\/p>\n
BCH\u2019s weekly candle closed with bearish sentiment, with the new week\u2019s candle looking bullish, showing signs of strength after rejection from $135.<\/p>\n
The price has struggled to gain traction as it attempts to hold key support.<\/p>\n
If the price of BCH on the weekly chart maintains this structure, it could quickly return to $135 and form support above this range. To avoid falling below, the price of BCH must break and hold this support zone.<\/p>\n
Weekly resistance for the price of BCH \u2013 $135.<\/p>\n
Weekly support for the price of BCH \u2013 $112.<\/p>\n
Price Of BCH On The Daily (1D) Chart
\nDaily BCH Price Chart | Source: BCHUSDT On Tradingview.com<\/p>\n
With more buy orders, the price of BCH could break to the upside after forming a range in a wedge. A breakout and retest for BCH would mean more uptrend.<\/p>\n
To confirm the bullish sentiment of BCH, the price needs to break and form support above the wedge.<\/p>\n
The price of BCH has shown strength in maintaining this structure; if bulls step in, the price of BCH could trend higher to a region of $200, acting as key resistance.<\/p>\n
BCH is currently trading at $131, just below the 50 Exponential Moving Average (EMA), which corresponds to a price of $135.<\/p>\n
On the daily chart, the Relative Strength Index (RSI) for the price of BCH is above 50, indicating buy orders.<\/p>\n
Daily (1D) resistance for BCH price \u2013 $135.<\/p>\n
Daily (1D) support for BCH price \u2013 $112.<\/p>\n
Price Analysis Of BCH On The Four-Hourly (4H) Chart
\nFour-Hourly BCH Price Chart Analysis | Source: BCHUSDT On Tradingview.com<\/p>\n
The price of BCH has maintained a bullish structure above the 50 and 200 EMA prices, which correspond to $130 and $125, acting as resistance and support, respectively, for BCH price.<\/p>\n
If BCH fails to break and hold above $135, the price at $125 will act as a support level, and the price may retest the $112 support level if there are sell-off.<\/p>\n
Four-Hourly (4H) resistance for BCH price \u2013 $135.<\/p>\n
Four-Hourly (4H) support for BCH price \u2013 $125, $112.<\/p>\n
Featured Image From Periodico Impulso, Charts From TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of Bitcoin Cash (BCH) has sparked a glimpse of hope against Tether (USDT) as it attempts to flip key resistance with eyes set on $200. The price of Bitcoin Cash in recent weeks has been more gloomy as many altcoins rallied and produced gains of double digits while BCH continues to range. (Data from Binance)<\/p>\n
Bitcoin Cash (BCH) Price Analysis On The Weekly Chart
\nWeekly BCH Price Chart | Source: BCHUSDT On Tradingview.com<\/p>\n
From the chart, the price of BCH saw a weekly low of $112, which bounced from that area and rallied to a price of $130 after showing great recovery signs in recent weeks.\u00a0<\/p>\n
BCH\u2019s weekly candle closed with bearish sentiment, with the new week\u2019s candle looking bullish, showing signs of strength after rejection from $135.<\/p>\n
The price has struggled to gain traction as it attempts to hold key support.<\/p>\n
If the price of BCH on the weekly chart maintains this structure, it could quickly return to $135 and form support above this range. To avoid falling below, the price of BCH must break and hold this support zone.<\/p>\n
Weekly resistance for the price of BCH \u2013 $135.<\/p>\n
Weekly support for the price of BCH \u2013 $112.<\/p>\n
Price Of BCH On The Daily (1D) Chart
\nDaily BCH Price Chart | Source: BCHUSDT On Tradingview.com<\/p>\n
With more buy orders, the price of BCH could break to the upside after forming a range in a wedge. A breakout and retest for BCH would mean more uptrend.<\/p>\n
To confirm the bullish sentiment of BCH, the price needs to break and form support above the wedge.<\/p>\n
The price of BCH has shown strength in maintaining this structure; if bulls step in, the price of BCH could trend higher to a region of $200, acting as key resistance.<\/p>\n
BCH is currently trading at $131, just below the 50 Exponential Moving Average (EMA), which corresponds to a price of $135.<\/p>\n
On the daily chart, the Relative Strength Index (RSI) for the price of BCH is above 50, indicating buy orders.<\/p>\n
Daily (1D) resistance for BCH price \u2013 $135.<\/p>\n
Daily (1D) support for BCH price \u2013 $112.<\/p>\n
Price Analysis Of BCH On The Four-Hourly (4H) Chart
\nFour-Hourly BCH Price Chart Analysis | Source: BCHUSDT On Tradingview.com<\/p>\n
The price of BCH has maintained a bullish structure above the 50 and 200 EMA prices, which correspond to $130 and $125, acting as resistance and support, respectively, for BCH price.<\/p>\n
If BCH fails to break and hold above $135, the price at $125 will act as a support level, and the price may retest the $112 support level if there are sell-off.<\/p>\n
Four-Hourly (4H) resistance for BCH price \u2013 $135.<\/p>\n
Four-Hourly (4H) support for BCH price \u2013 $125, $112.<\/p>\n
Featured Image From Periodico Impulso, Charts From TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-6126","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=6126"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6126\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=6126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=6126"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=6126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}