Who will win the $ 1,500 battle against Bitcoin Cash?

  • 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.

 Who will win the $ 1,500 challenge of Bitcoin Cash?
Who will win the $ 1,500 challenge of Bitcoin Cash?

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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The information in the article is for informational purposes only. It does not carry any investment advice. The author and are not responsible for the profit or loss arising from the investments you are making. The investment is ultimately based on many factors, such as knowledge, experience, experience, research and personal decisions.