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Cryptocurrency Price Speculations / Re: BCH/USDT
« on: October 13, 2018, 05:45:45 PM »
The bulls are trying to keep Bitcoin Cash inside the symmetrical triangle. A break down of the triangle and the Sept. 11 intraday low of $408.0182 will resume the downtrend. The next support on the downside is $300.
If the bulls succeed in defending the support line of the triangle, the BCH/USD pair will again attempt to rise to $530.
The 20-day EMA is starting to slope down and the RSI is below 50 levels, suggesting bears have the upper hand. We recommend traders keep a stop of $400 on their long positions.
Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-12
If the bulls succeed in defending the support line of the triangle, the BCH/USD pair will again attempt to rise to $530.
The 20-day EMA is starting to slope down and the RSI is below 50 levels, suggesting bears have the upper hand. We recommend traders keep a stop of $400 on their long positions.
Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-12