The crypto economy has sunk to a prior low-trading point, and it doesn’t appear that price will fall more freely around a position just over the $300 mark. The BCH/USD market is attempting to find support as it trades at a 2.12 percent positive between $304 and $293.
BCH Makes Efforts to Gain Support: Key Levels in the Bitcoin Cash Market:
Levels of resistance: $400, $450, and $500
Levels of support: $300, $250, and $200
BCH/USD Chart (Daily)
BCH is attempting to gain support around the $300 trading level, according to the daily chart. The 50-day SMA indication is higher than the 14-day SMA. They’re also near the $350 resistance level, demonstrating that the value-line remains a critical stumbling block for the market’s further upswings. The Stochastic Oscillators have tightened their southward crossing to a range of 20. They’re heading south around it, implying that the bearish swings aren’t going away anytime soon.