BCH/USD Market continues to correct - December 12, 2012 The BCH/USD Market continues to correct as its price valuation trades at $445. The crypto-economic percentage of trading is 3.03 negative. Market continues to correct: BCH Market Key Levels - Resistance levels: $500, $600 and $700 Support levels levels: $400, $350 and $300


BCH/USD Daily Chart The BCH/USD daily chart shows that the crypto-economic markets continue to move in a correctional manner. It has stylefully changed from a range bound trading outlook to a bearish outlook. The larger SMA trend line was drawn alongside the upper bearish trendline. The 50-day SMA indicator is higher than the 14-day SMA indicators. The lower bearish trendline moved southward to mark support, which may indicate that the market might be unable to break further to the downside. To signify a consolidation-moving style, the Stochastic Oscillators appear to be conjoining lines in range 20. This indicates that the market is moving relatively slowly and succumbing to depression.

The BCH/USD market will continue to be in a correction outlook. Will it consolidate at a lower spot?

Now, it is clear that BCH/USD trade operations are in an unpleasant lower-trading situation as the crypto market continues to suffer from a correction and has shifted into a bearish outlook. However, traders who intend to trade long should keep an eye out for a quick rebound and a lowering of market trading. The market appears to be preparing for a reversal of its northward-facing value, according to most indicators. The technical analysis shows that the BCH/USD market bears are heading towards a lower trading zone of around $400. This is indicated by the Stochastic Oscillators readings. This suggests that $500 resistance could easily break while volatile-motion surges afterward. The market will experience a significant change in price direction by the time this assumption is realized.

Analysis of BCH/BTC Price

The trending capacity of Bitcoin Cash and Bitcoin as seen on the price analysis charts shows that the base crypto is less vulnerable when compared to its counter trading instrument. The 50-day SMA indicator has moved above the 14 day SMA indicator. From the oversold area, the Stochastic oscillators moved northbound to the region just below the range of 40. They are currently trying to cross the lines to the south, just above the 20-mark. This suggests that the base crypto could still fall, placing with flagship counter trading crypto.

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By: Azeez Mustapha
Title: Bitcoin Cash Price Prediction: BCH/USD Market Continues in a Correction
Sourced From: insidebitcoins.com/news/bitcoin-cash-price-prediction-bch-usd-market-continues-in-a-correction
Published Date: Sun, 12 Dec 2021 12:52:44 +0000