Coin Gabbar Token

In the<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-cash-bch-prices-usd" rel="noopener noreferrer nofollow"> daily chart of Bitcoin Cash (BCH)</a>, a long-coming resistance trendline can be seen. This resistance trendline holds back bullish growth.Despite multiple failures, buyers continue to challenge the overhead resistance, with a recent 20% jump in the last 72 hours following a 20% drop last week. The price trend is currently interconnected by the 50-day EMA and the overhead resistance trendline.The BCH price chart shows an increase in intraday trading volumes, which supports the bullish trend reversal. As shown in the chart, the sellers have held their ground, undermining fluctuations in buying pressure.In addition, the price action suggests an inverted Head and Shoulder pattern, with the resistance in line acting as the neckline. As a result, a bullish breakout of the resistance trendline will release a previously trapped bullish momentum.The daily RSI slope spikes above a resistance trend line, the halfway line, and the 14-day SMA, indicating that the underlying bullishness has increased. Furthermore, as the bearish gap narrows, the MACD and signal lines predict a bullish crossover.Following trendline breakout, BCH price action can show a high momentum bullish trend, resulting in a price jump to the overhead resistance of $175.A bearish reversal, on the other hand, will invalidate the breakout possibility and result in a price drop to the psychological level of $100.KEY LEVELS :RESISTANCE LEVEL : $140-$145SUPPORT LEVEL : $130-$125Get full information related to crypto market on :- <a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow">https://www.coingabbar.com/en/crypto-news-english</a>

Top cryptocurrency news: BITCOIN CASH PRICE ANALYSIS : Price reverts from the left shoulder of the head and shoulders pattern

Coingabbar

Other articles published on Aug 24, 2022

Cryptocurrency price update: SOLANA PRICE ANALYSIS : Will the Bears be able to break through the ...

XRP Trading Volume Increases Due To Accumulation Of Whale Lead

Crypto News of the Day: SudoRare rug pull linked to Kraken wallet, Malaysia warns investors about...

Wow100K Exchange

August 2022 Development Recap for The Blockchain OS.

VRJam: Virtual Reality Metaverse Entertainment Platform Joins Metaverse

Join our free newsletter for daily crypto updates!