Bitcoin Cash is holding steady above the support level of 600 as the bulls strive to retest the weekend’s high of 650. Since the beginning of the month, it has risen by about 22% having extended its rebound from below the psychological level of 500 late in September.
On a four-hour chart, it is trading slightly above the 25 and 50-day exponential moving averages. Besides, the formation of an inverted head-and-shoulder pattern, which is a bullish pattern, points to further gains.
In the short term, BCH price will likely hold steady above the support zone at 600 while gathering enough bullish momentum to reach and surpass the next target at 650.91. Above that zone, the next level to watch out for will be the prior resistance level at 675.61. However, this thesis will be invalidated by a move below the support zone of 600.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.