By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Bitcoin Cash BCH Sparks Light Of Hope, Can It Rally To $200 Resistance?
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > crypto > Bitcoin Cash BCH Sparks Light Of Hope, Can It Rally To $200 Resistance?
crypto

Bitcoin Cash BCH Sparks Light Of Hope, Can It Rally To $200 Resistance?

admin Published August 23, 2022
Last updated: 2022/08/23 at 5:34 PM
Share
SHARE

[ad_1]

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)

Contents
Bitcoin Cash (BCH) Price Analysis On The Weekly ChartPrice Of BCH On The Daily (1D) ChartPrice Analysis Of BCH On The Four-Hourly (4H) Chart

Bitcoin Cash (BCH) Price Analysis On The Weekly Chart

Weekly BCH Price Chart | Source: BCHUSDT On Tradingview.com

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. 

BCH’s weekly candle closed with bearish sentiment, with the new week’s candle looking bullish, showing signs of strength after rejection from $135.

The price has struggled to gain traction as it attempts to hold key support.

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.

Weekly resistance for the price of BCH – $135.

Weekly support for the price of BCH – $112.

Price Of BCH On The Daily (1D) Chart

Daily BCH Price Chart | Source: BCHUSDT On Tradingview.com

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.

To confirm the bullish sentiment of BCH, the price needs to break and form support above the wedge.

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.

BCH is currently trading at $131, just below the 50 Exponential Moving Average (EMA), which corresponds to a price of $135.

On the daily chart, the Relative Strength Index (RSI) for the price of BCH is above 50, indicating buy orders.

Daily (1D) resistance for BCH price – $135.

Daily (1D) support for BCH price – $112.

Price Analysis Of BCH On The Four-Hourly (4H) Chart

Four-Hourly BCH Price Chart Analysis | Source: BCHUSDT On Tradingview.com

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.

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.

Four-Hourly (4H) resistance for BCH price – $135.

Four-Hourly (4H) support for BCH price – $125, $112.

Featured Image From Periodico Impulso, Charts From TradingView.com 

[ad_2]

You Might Also Like

How to earn bitcoins fast

How to Tell If a Cryptocurrency is a Scam or Not

Tips to Avoid Losing In Cryptocurrency Trading

How to Sell Products Online with Bitcoins – The Ultimate Guide

Get a Cryptocurrency Trader Certification to Get Ready For The Big Game!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin August 23, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Ready Player Me, a platform to build dynamic cross-game avatars for virtual worlds, raises $56M led by a16z – TechCrunch
Next Article Disney-backed Inworld raises new cash from for its AI-powered virtual characters – TechCrunch

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

earn bitcoins fast
crypto

How to earn bitcoins fast

4 Min Read
Cryptocurrency is a Scam or Not
crypto

How to Tell If a Cryptocurrency is a Scam or Not

8 Min Read
Losing In Cryptocurrency Trading
crypto

Tips to Avoid Losing In Cryptocurrency Trading

6 Min Read
Sell Products Online with Bitcoins
crypto

How to Sell Products Online with Bitcoins – The Ultimate Guide

5 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?