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- BCH is suffering a lot to climb above the crucial resistance level, and then instead of maintaining a sustainable climb, it collapsing.
- BCH prices adopted a negative divergence and currently trading near the level of $224
- The BHC/BTC is performing negatively with the loss of -0.21% bringing the level to 0.03418867.
The 7day-weekly char reflects that BCH prices are really having a hard time to achieve the resistance level of $224, even after acquiring a gradual climb from the prices level of $208, prices failed three times to acquire the crucial level.
The BCH price level of $208 is providing major support to the BCH prices until they acquired it. This support level is also pushing prices up but it is coming shorthanded against the resistance level of $224.
With the help of their current support level, BHC prices broke many crucial resistances levels today, including $215 and $220
The market capitalization of Bitcoin Cash is is$4,044,021,910 USD with volume traded of $3,192,689,092 and circulative supply of 18,360,325 BCH.
Bitcoin Cash Price Analysis
BCH prices did make an impressive climb in today’s market. From trading down below the level of $207 to touching the resistance level of $224. Currently, there is a major dominance of the strong resistance level which is inviting bulls to command over prices of the cryptocurrency.
The technical indicators and oscillators are showing an increase in selling volume as prices acquired a slight negative divergence in all aspects of the technical chart.
The MACD levels are currently witnessing the trading in majorly buying volume but as it is following the flat trend, there are chances that selling volume can make a comeback again.
The24hr- RSI is trading in the bullish zone above the normal level but it did take a slight negative divergence bearish region and can touch the level of 50 in near terms.
The 24hr-CCI falls down to the normal region after torching the over buying region.
Resistance level: $224
Support level: $215
