Bitcoin cash price has started a significant increase than $ 475 resistance. Bch is integrated and may aim to further gain over $ 500 resistance.
- Bitcoin cash price has started a new increase above the level of $ 480.
- The price is traded above $ 480 and the simple moving average is 100 hours.
- There was a break over the main dumping line with resistance at $ 472 on the watch chart for the Bch/USD (data feeding from Kraken).
- The husband can start another increase if he wipes the resistance area of $ 500.
Fresh Bitcoin cash price starts
After forming a base higher than the level of $ 440, the Bitcoin cash price started a new increase. BCCOIN and ETHEREUM surpassed more than 8 %. There was a clear step over the resistance area of $ 470.
The price exceeded $ 480 and test the resistance area of $ 495. Moreover, there was a break over the main landline line with resistance at $ 472 on the watch chart for the Bch/USD pair. A height has been formed near $ 505, and the price is now unifying the gains that exceed the level of RERRERRERDING 23.6 % of the bullish transition from the tower decrease of 455 to 502 dollars.
The Bitcoin Cash price is now trading above $ 485 and the simple moving average for 100 hours. The immediate resistance is located on the upper side near the level of $ 500. A clear step over the resistance of 500 dollars may start with a decent increase. The next main resistance is $ 505, and thus, the price may turn to the top of $ 520. Any other gains can lead the price towards the resistance area of $ 535.
Do you support declines in Bch?
If Bitcoin Cash fails to scan 500 dollars resistance, a new decrease may start. Initial support on the negative side is near the level of $ 490. The next main support is near the level of $ 480 or the fiber decline level by 50 % of the upward transition from an increase of $ 455 to a height of 502 dollars.
If the price fails to stay above $ 480, the price can test $ 470. Any other losses can lead the price towards a $ 450 region in the short term.
Technical indicators
4 hours Macd-Macd for Bch/USD lose pace in the upper area.
4 hours RSI (RSI)-RSI is currently higher than 60 level.
Main support levels – $ 490 and $ 480.
Main resistance levels – $ 500 and $ 505.
