Bitcoin cash price declined heavily and broke the $350 support level against the US Dollar.
The price traded towards the $310 level and it is currently consolidating losses.
There is a major bearish trend line forming with resistance near $385 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair remains at a risk of more losses if there is a break below the $320 and $310 supports.
Bitpoint Exchange Lost $32 Million in Cryptocurrency Amid Recent Hacker Attack
Friday July 12, 2019
Coinspeaker Bitpoint Exchange Lost $32 Million in Cryptocurrency Amid Recent Hacker AttackUnfortunately, despite all the efforts made by their operators, cryptocurrency exchanges are still rather vulnerable to hacker attacks. Now the crypto world is discussing the name of a new victim that has been added to the list of exchanges suffered from hackers. This time […]
The post Bitpoint Exchange Lost $32 Million in Cryptocurrency Amid Recent Hacker Attack appeared first on 12bit trade.
Bitcoin cash price is trading in a bearish zone below $350 and $380 against the US Dollar. BCH could correct higher, but upsides are likely to be capped near $360 or $380.
Bitcoin Cash Price Analysis
Recently, there was a strong decline in bitcoin cash price after it broke the $385 and $380 supports against the US Dollar. The BCH/USD pair even broke the $350 support and settled well below the 55 simple moving average (4-hours). Moreover, the pair traded close to the $300 handle and a new monthly low was formed near $311 level. The price is currently correcting higher above the $325 level.
It broke the 23.6% Fib retracement level of the recent decline from the $428 high to $311 swing low. At the moment, the price is trading inside a short term channel with support near $335. On the upside, there is a decent resistance forming near $360. If there is an upside break above $360, the price may test $370. It coincides with the 50% Fib retracement level of the recent decline from the $428 high to $311 swing low.
The main resistance is near the $380 and $385 levels. Moreover, there is a major bearish trend line forming with resistance near $385 on the 4-hours chart of the BCH/USD pair. Therefore, if there is an upside correction, the price is likely to face a strong selling interest near the $370 or $380 level. A successful close above $385 and the 55 simple moving average (4-hours) is needed for more gains.
On the downside, an immediate support is near the $320 level. If there are more losses, the price could even break the $311 swing low in the near term. In the mentioned case, the price is likely to accelerate below the $300 handle.
How to adjust your 3-betting range to opponents
Saturday March 09, 2019
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Looking at the chart, bitcoin cash price is clearly in a strong bearish zone below the $470 and $480 resistance levels. In the short term, there might be an upside correction, but the bulls could struggle near $470.
4 hours MACD – The MACD for BCH/USD is currently losing momentum in the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is currently recovering towards the 40 level.
Key Support Levels – $320 and $300.
Key Resistance Levels – $370 and $385.
The post Bitcoin Cash Analysis: BCH Remains At Risk Of More Downsides appeared first on Live Bitcoin News.
Chargers’ Dramatic Win Over Chiefs Keeps Patriots’ Hopes For No. 1 Seed Alive
Friday December 14, 2018
The AFC playoff picture got even fuzzier Thursday night in Kansas City. The Los Angeles Chargers’ dramatic, last-second win over the Chiefs threw a wrench into the playoff seeding — at least for now. How does that affect the New England Patriots, you might ask? Before we dig too deep, let’s look at how the […]
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