BCH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!
hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower.
BCH/USD jumped to a peak of 242.29 earlier in today’s session, following an earlier low of 219.27.
The move came after BCH briefly broke out of a support point at 220.00, with traders swooping in to buy the dip.
Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling of 48.00.
Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00.
In the event this level is breached, there is a strong possibility that BCH could move towards 260.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower.
BCH/USD jumped to a peak of 242.29 earlier in today’s session, following an earlier low of 219.27.
The move came after BCH briefly broke out of a support point at 220.00, with traders swooping in to buy the dip.
Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling of 48.00.
Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00.
In the event this level is breached, there is a strong possibility that BCH could move towards 260.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
