Bitcoin Cash: All you need to know about this bullish opportunity - BitcoinEthereumNews.com
स्रोत: ट्रेडिंग व्यू, बीसीएच/यूएसडीटी The altcoin lost over 64% of its value over the last 12 weeks and hit its 13-month low on 24 January. The bulls finally stalled the downturn by stepping in at the $260-mark 15-month support. Consequently, the bulls gained enough thrust to jump above the near-term EMAs but struggled to overturn its trendline resistance. The long-term bearish tendencies visibly prevailed as the price hovered below the mean (green) of Bollinger Bands (BB). After a recent bearish move, BCH retested the $279-support, one that coincided with the lower band of the BB. Also, it formed a morning star bullish candlestick pattern on its 4-hour chart. As a result, it revived until the mean of its BB. Now, any close above its mean could further increase the chances of a patterned breakout. In such a case, the $302-level would offer strong resistance. Should the buyers lose their edge, BCH can aim for a retest of its immediate support before picking itself up to challenge its pattern. दलील स्रोत: ट्रेडिंग व्यू, बीसीएच/यूएसडीटी The RSI did see decent recovery over the last day, but it halted at the 46-mark. A close above this level is crucial for the buyers to propel a jump above the 50