Bitcoin Cash (BCH) Market Price Analysis

in LeoFinance2 months ago


It's weekend and I'm not really surprised at the little dip coins like Bitcoin Cash (BCH), Ethereum Classic (ETC) etc experienced.

So, here is a quick analysis of the BCH market with its supports and resistance points. Of recent, BCH reached a new high of $339.80 and then dipped to $237. It was a good time to LONG and whoever did that would already be in profits.


From the current trend of the market, my analysis gives BCH 3 supports which are at $277, $237 and the lowest being $227.So far, it had tested the $277 support twice and should that support not hold, it would likely slope to $237. If that second support can't hold then a further dip might land at $227.

On the other hand, should the $277 support hold, there's a likelihood for the price of BCH to strike through $339.80.

With this, one should know how and when to enter and also close positions while taking profits. Meanwhile, this is just a personal opinion and there is no guarantee.


Posted Using LeoFinance


How do you determine the support levels?

Posted Using LeoFinance