Author

Topic: Bitcoin Cash Daily Chart Technical Analysis (Read 113 times)

sr. member
Activity: 635
Merit: 251
March 12, 2018, 09:03:19 AM
#2
Lots of manipulation in bcash.
I can't take a TA for bcash serious.
newbie
Activity: 37
Merit: 0
Our preference: The bias is to the upside as prices consolidated just above support

Alternative scenario: prices are hovering above support levels and a drop below trend line support could lead to a test of the February low.

Support

Short-term an upward sloping trend line at 940

Resistance

Resistance is the 50-day moving average at 1,290.

Comment: Bitcoin cash is consolidating and forming a bottom.  A break of resistance at 1,290 would lead to a test of target resistance near the February highs at 1,644. Momentum is turning positive as the MACD (moving average convergence divergence) index is poised to generat a crossover buy signal.

Target: 1,644

https://www.interactivecrypto.com/daily-technical-analysis-ltc-bitcoin-cash-dash-3-12-2018?source=organic
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