Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: Rockalo on June 23, 2021, 07:43:32 PM
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Bitcoin Cash (BCH) is in a downtrend to the $387 low as the bears broke the previous low at $467. BCH fell to the current low and pulled back, showing a long candlestick tail. The long tail describes strong buying pressure above current support. This price action prompted the bulls to buy the dips.
The cryptocurrency resumes its uptrend and will try to break out above the $467 price level. If the buyers are successful, the market will rise to retest the $560 high. The uptrend will resume. However, if the upward move is rebuffed, BCH will fall below the previous low and resume trading in a range. Currently, BCH is trading at $476.43 at the time of writing. More information: Please
(https://coinidol.com/bitcoin-cash-467-momentum/)