A log scale of BitcoinCash is presented using Japanese on the . The major in the cryptocurrency that lasted over 8 months is highlighed on the chart. A break below the trenline is .
The slope of the 200 Day moving average of BitcoinCash changing from a rising to zero slope also supports the notion that prices are perhaps going to resume further movement to the downside. The 200 day moving average currently coincides with the 324 price level and suggests that the the latest price swing from October 23, 2019 might run into resistance at the aforementioned price level.
382 to 356.88 also present an immediate above the 200 Day moving average so that any price movement above the moving average can be expected to stall in the , even if temporarily. A break above the upper boundary of resistance at 382 improves the chances of having momentum sustained.
On the other hand, lack of a break above the 200 Day moving average that is followed by price closing below 247 is for BitcoinCash.