May 27, 2020 at 11:38 \/\/ News <\/p>\n
Bitcoin Cash is trading and has fallen to a disappointing low of $228 after a series of downward moves. Originally, BCH was fluctuating between $230 and $280.<\/p>\n
Unfortunately, BCH upward move was restricted below $255 resistance after May 10 bearish impulses. The bears were unrelenting as selling pressure pushed the coin to $224 low.<\/p>\n
Now BCH trades in a tight range between $224 and $240. There is a possibility of an upward move if price rebounds and break s above $240 resistance. The price will rally above $255 and the momentum will extend to $280 resistance. Conversely, if the bulls fail to break above $240 resistance, the bears may break the $224 support level. This will further depreciate the coin to $216 low.<\/p>\n
The BCH downtrend has pushed the coin above the 25% range of the daily stochastic. A further downward move will catapult the crypto into the oversold region. Meanwhile, the coin is in a bullish momentum but it is weak.<\/p>\n<\/p>\n
Key Resistance Zones: $440, $480, $520<\/p>\n
Key Support Zones: $200, $160, $120<\/p>\n
Bitcoin Cash has been in a downward move. The coin is fluctuating between $224 and $240 price levels. In this range, the price may encounter a breakdown or a breakout may occur. The current support at $224 has been tested by the bears on three occasions and it appears to be strong. <\/p>\n
Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing funds.<\/p>\n
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Link:<\/p>\n
Bitcoin Cash Breaches More Supports after Rejection from $280 Resistance - Coin Idol<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" May 27, 2020 at 11:38 \/\/ News Bitcoin Cash is trading and has fallen to a disappointing low of $228 after a series of downward moves. Originally, BCH was fluctuating between $230 and $280. Unfortunately, BCH upward move was restricted below $255 resistance after May 10 bearish impulses Continue reading