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Posts published in “daytrading”

Bitcoin Cash Price Analysis: BCH/USD Breaks Above Key Resistance

Key Points Bitcoin cash price rallied and broke a major resistance near $440 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting lower, but dips near $445 and $440 remains well supported. Bitcoin...

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Bitcoin Cash Price Analysis: BCH/USD Dips Remain Supported

Key Points Bitcoin cash price dipped recently, but it found support near $410 against the US Dollar. There is a major bearish trend line in place with resistance near $440 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to climb above the $450 hurdle for more gains in...

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Bitcoin Cash Price Analysis: BCH/USD Could Recover Towards $500

Key Points Bitcoin cash price started an upside correction and moved above the $450 resistance against the US Dollar. There was a break above this week’s followed key bearish trend line near $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair climbed above the $450 and $460 levels and...

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Bitcoin Cash Price Analysis: BCH/USD Facing Key Resistance Near $450

Key Points Bitcoin cash price traded to a new low at $410 before starting a recovery against the US Dollar. This week’s highlighted important bearish trend line could stop upsides near $450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is recovering, but it is about to face major...

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Bitcoin Cash Price Analysis: BCH/USD Extending Losses Below $450

Key Points Bitcoin cash price declined further and broke the $460 and $450 support levels against the US Dollar. This week’s followed major bearish trend line is still in place with resistance near $460 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains in a downtrend and it seems...

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Bitcoin Cash Price Analysis: BCH/USD Could Recover To $500

Key Points Bitcoin cash price is holding the $460 support very well against the US Dollar. Yesterday’s highlighted key bearish trend line is still active with resistance near $475 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could move higher in the short term towards the $495 and $500...

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Bitcoin Cash Price Analysis: BCH/USD’s Recoveries Remain Capped

Key Points Bitcoin cash price found support near the $460 level and recovered a few points against the US Dollar. There is a connecting bearish trend line formed with resistance near $488 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $488 and $500 resistance...

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Bitcoin Cash Price Weekly Analysis: BCH/USD Could Decline to $440

Key Points Bitcoin cash price is under a lot of pressure as it broke the $500 support against the US Dollar. There was a break below a major bullish trend line with support at $540 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is now trading below the $500...

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Bitcoin Cash Price Analysis: BCH/USD Consolidating Losses Above $500

Key Points Bitcoin cash price started consolidating losses after trading as low as $485 against the US Dollar. There is a short-term ascending channel forming with resistance at $530 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to surpass the $530 and $535 level to correct towards the...

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Bitcoin Cash Price Analysis: BCH/USD Turned Sell on Rallies

Key Points Bitcoin cash price failed to clear the $650 resistance and dropped sharply against the US Dollar. There is a key bearish trend line forming with resistance at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is down more than $100 from highs and it turned sell...

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