- Bitcoin Cash (BCH) has recently recovered.
- On the hourly chart of the BCH / USD, however, there was a break below the short term contract triple model with the support of $ 1,450.
- The pair could fall a few points towards the $ 1,400 and $ 1,380 support levels.
- As you can see in the chart, Bitcoin Cash is continuing its fight with $ 1,500.
Bitcoin Cash is trying to gain over $ 1,500 against the US dollar.
Bitcoin Cash's $ 1,500 struggle continues at full speed!
During the weekend, Bitcoin Cash improved to $ 1,450 against the US dollar, which is a good improvement, as buyers lose control in the short term it was. However, the price tried to break the resistance of $ 1,500, which was a support before. What's more, the 100-hour simple moving average of $ 1,490 is now a big hurdle for buyers. The price is now moving downwards, raising the rebounder's 23.6% Fib reversal rate from $ 1,266 to $ 1,505.
During the decline, there was a breach below the short-term contract pattern of the BCH / USD in the hourly chart with $ 1,450 support. The $ 1,500 barriers and declines seen as very important resistance have been hampered. Bitcoin Cash may be further reduced and may rise to $ 1.505 from $ 1,266 towards the 50% Fib retreat of the last wave.
Looking at the chart, Bitcoin Cash is currently facing a small decline pressure of $ 1,480 and under 100 hours of SMA. If buyers can achieve speeds of $ 1,500 and 100 hours of SMA, more revenue can be gained.
Hourly MACD: The MACD for the BCH / USD moves slowly in the downward area
The next resistance in the case may be $ 1,620
Hourly RSI: The RSI for the BCH / USD fell below the level of 50.
Main Support Level: $ 1.380
Major Resistance Level: $ 1,500
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