Bitcoin Cash Price Analysis: 30 October
Bitcoin Cash on the other hand, also witnessing a sell-off, dipped only slightly, while also displaying strength along its immediate support level.
Bitcoin Cash [BCH]
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/10/30181438/BCH-18.png)
Bitcoin Cash had been maintaining a level above the $258.72 support since 22 October, as it rose above from an ascending channel in a bullish move over the past one week. This made the $258.72 mark a strong level of support
Despite a 1.5% loss since yesterday BCH price continued to stay above this level, with the upward trendline also acting as a strong support level.
Having said this, the digital asset still maintained an overall bearish outlook for the short-term period, as it dived below both its moving averages. Further indicating bearishness, the 9 SMA (yellow) plunged beneath the 20 SMA (cyan).
Learn more about the analysis here. (https://eng.ambcrypto.com/bitcoin-cash-iota-basic-attention-token-price-analysis-30-october/)