Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    100 XRP Needed To Become A Millionaire? Research Suggests

    100 XRP Needed To Become A Millionaire? Research Suggests

    Bitcoin Price Could Surge To $22K, Why BTC Remains Supported

    Bitcoin Price Could Restart Increase If It Clears This Resistance

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Bitcoin Resumes Decline, Why BTC Could Revisit $40K

    Bitcoin Price Nosedives Below Support As Bears Target $25K

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Why BTC Bears Remain In Control Below $50K

    Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $28K

    Ethereum Price Signaled “Sell” And Remains At Risk of More Losses

    Ethereum Price at Clear Risk of Further Losses After Multiple Rejections

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Is A 500x Surge On The Horizon?

    Is A 500x Surge On The Horizon?

  • Play2Earn
    Skyweaver Introduces New Quest System

    Skyweaver Introduces New Quest System

    Join 3D Alien Worlds Quests in MineQuest

    Join 3D Alien Worlds Quests in MineQuest

    Join the Sky City Closed Beta

    Join the Sky City Closed Beta

    Ascenders City Simulation Alpha Playtest

    Ascenders City Simulation Alpha Playtest

    Play and Earn with Upland Genesis Week

    Play and Earn with Upland Genesis Week

    Bushi Battlepass Mint June 14th

    Bushi Battlepass Mint June 14th

    Worlds Beyond Alpha Games Launch June 7th

    Worlds Beyond Alpha Games Launch June 7th

    Star Atlas Releases Major Showroom Update

    Star Atlas Releases Major Showroom Update

    Be the First to Slay Old Sally in Champions Ascension

    Be the First to Slay Old Sally in Champions Ascension

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    100 XRP Needed To Become A Millionaire? Research Suggests

    100 XRP Needed To Become A Millionaire? Research Suggests

    Bitcoin Price Could Surge To $22K, Why BTC Remains Supported

    Bitcoin Price Could Restart Increase If It Clears This Resistance

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Bitcoin Resumes Decline, Why BTC Could Revisit $40K

    Bitcoin Price Nosedives Below Support As Bears Target $25K

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Why BTC Bears Remain In Control Below $50K

    Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $28K

    Ethereum Price Signaled “Sell” And Remains At Risk of More Losses

    Ethereum Price at Clear Risk of Further Losses After Multiple Rejections

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Is A 500x Surge On The Horizon?

    Is A 500x Surge On The Horizon?

  • Play2Earn
    Skyweaver Introduces New Quest System

    Skyweaver Introduces New Quest System

    Join 3D Alien Worlds Quests in MineQuest

    Join 3D Alien Worlds Quests in MineQuest

    Join the Sky City Closed Beta

    Join the Sky City Closed Beta

    Ascenders City Simulation Alpha Playtest

    Ascenders City Simulation Alpha Playtest

    Play and Earn with Upland Genesis Week

    Play and Earn with Upland Genesis Week

    Bushi Battlepass Mint June 14th

    Bushi Battlepass Mint June 14th

    Worlds Beyond Alpha Games Launch June 7th

    Worlds Beyond Alpha Games Launch June 7th

    Star Atlas Releases Major Showroom Update

    Star Atlas Releases Major Showroom Update

    Be the First to Slay Old Sally in Champions Ascension

    Be the First to Slay Old Sally in Champions Ascension

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
No Result
View All Result

Bitcoin Cash eyes pickup at this near-term support zone

2021-11-17
in Altcoins
0
Bitcoin Cash eyes pickup at this near-term support zone
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Hit by a 12% drawdown over the past 24 hours, Bitcoin Money fell prey to a correction within the broader market. On the charts, BCH projected a brand new low at a backside sloping trendline attributable to pink flags current on the day by day RSI and MACD.

Nevertheless, a bullish rebound was anticipated between $533-$503. The identical may additionally pave method for a breakout above the 61.8% Fibonacci degree as soon as shorts are liquated.

Bitcoin Money Each day Chart

Supply: BCH/USD, TradingView

Bitcoin Money was set to tag its decrease sloping trendline following a weak RSI, and promote indicators current alongside the MACD. The trendline, which has prolonged since September 2020 has had a single level of contact in 2021 to date, with BCH testing its defenses throughout late-July.

You might also like

What’s Making VeChain (VET) Price Skyrocket Over 12%?

Hedera Records Massive Jump In TVL

Whales Arrived Just In Time For LTC Next Rally?

A transfer into the help zone of $533-$500 may provoke new longs as traders seize BCH at a reduced degree. Moreover, the Seen Vary’s POC at $533 would assist cushion an prolonged decline. As soon as a rebound is established, anticipate BCH to retake misplaced floor and eye the 61.8% Fibonacci degree.

The On Stability Quantity’s upwards trajectory did recommend that purchasing strain has been build up since late-June and an upwards breakout appeared like a certainty as soon as promoting strain is relieved. Then again, a detailed beneath the aforementioned help and the 78.6% Fibonacci degree would put BCH in harmful waters. A requirement space at $387 could be referred to as into motion if BCH extends losses over the approaching days.

Reasoning 

BCH’s near-term outlook was backed by its RSI and MACD. This RSI had simply weakened beneath 50 and was headed into bearish territory. Such readings usually permit merchants to enter quick positions as effectively. Furthermore, a bearish crossover alongside the MACD threatened a decline beneath the half-line.

Conclusion 

BCH may prolong losses between $533-$500 and set a brand new backside at its decrease trendline. From there, anticipate bulls to include promoting strain and put together for an upwards transfer. A breakout above the 61.8% Fibonacci degree would see BCH transfer previous a bit of promoting strain, from the place it may shut the hole to its Might native excessive at a quicker fee.

Source link

Tags: BitcoinCashEyesneartermpickupSupportzone
Share30Tweet19

Recommended For You

What’s Making VeChain (VET) Price Skyrocket Over 12%?

2023-02-21
0
What’s Making VeChain (VET) Price Skyrocket Over 12%?

The general market has been exhibiting indicators of power as the worth of Bitcoin (BTC) retests the coveted $25K degree, whereas altcoins additionally seem like buying and selling...

Read more

Hedera Records Massive Jump In TVL

2023-02-20
0
Hedera Records Massive Jump In TVL

HBAR Crypto Information: Hedera, which is powered by its personal proprietary Hashgraph expertise, has seen a latest surge in its Complete Worth Locked (TVL), because it at present...

Read more

Whales Arrived Just In Time For LTC Next Rally?

2023-02-20
0
Litecoin (LTC) Gives A Strong Rally Amid Whale Acquisition

Litecoin Information: Amid Bitcoin’s (BTC) six month excessive value and hypothesis for a possible altcoin rally, the crypto market can be going by means of the regulatory hurdles...

Read more

LINK Whales Awake After 8 Months, Rally Ahead?

2023-02-20
0
Chainlink ($LINK) On Verge Of Breakout If This Support Breaks?

Chainlink (LINK) Information: After months of flirting with the native assist space, Chainlink (LINK) lastly seems effectively positioned to interrupt it with the entry of whales. This comes...

Read more

Solana ($SOL) Soars As Helium Sets Migration Date; Here’s More

2023-02-20
0
Solana ($SOL) Soars As Helium Sets Migration Date; Here’s More

Solana Worth: SOL began the week with an enormous value surge. In accordance with knowledge from CoinMarketCap, the altcoin is now up by greater than 10% prior to...

Read more
Next Post
Ethereum Plunges, What Could Push ETH Below $4K

Ethereum Plunges, What Could Push ETH Below $4K

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Majority Of Crypto Holders Will Hold Through An 80% Crash, New Survey Shows

Majority Of Crypto Holders Will Hold Through An 80% Crash, New Survey Shows

2022-02-16
MATIC Price Today: Daily RSI Shows Bullish Crossover; Daily Close Above $1.68 Must To Secure Bullish Momentum

MATIC Drops 14% On Weekly Basis; Ready For $1.25 Next?

2022-04-09
Cardano to $1 – What might be the price trajectory?

Cardano to $1 – What might be the price trajectory?

2022-03-23

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

ABOUT US

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Investment, Market, and more.

Referall

https://bit.ly/2Y2f9sP

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

NEWSLETTER

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 Xarabek - All rights reserved

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
  • Analysis
  • Play2Earn
  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop

© 2021 Xarabek - All rights reserved

  • RelevantRelevant(REL)$0.825.35%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • B20B20(B20)$0.4507925.62%
  • BitballBitball(BTB)$0.0019770.37%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • MoonToolsMoonTools(MOONS)$13.810.00%
  • StacyStacy(STACY)$0.0007100.00%
  • Lunch MoneyLunch Money(LMY)$0.0004180.00%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%