I made the right comment at the beginning of the week.
BCH technical analysis
Price targets and support/resistance levels
The coin's downside price target is set at 468.2. Important support and resistance levels are as follows:
* Resist:
* 524.90 (strong resistance)
* 516.80 (medium resistance)
* 503.20 (mild resistance)
* Support:
* 476.30 (major support level)
* 468.20 (mild support)
* 460.10 (strong support level)
The current last price is 492.50 and the swing price is 503.20, representing an important swing and pivot point during the trading session.
Technical indicators RSI and MACD
The RSI is currently below 50, showing that the downtrend is dominant. The MACD line is below the signal line but still positive, which shows that there is potential for price increases if there is strong enough buying pressure.
Moving average
The current price of the coin is between the moving average(496.2) and(490.0). This is a sign that the market is in a fluctuating period and needs to be closely monitored to determine the next trend.
If in case the price rises above the 503.20 level, we can expect the price to continue rising to the following levels:
* 516.80
* 524.90
The brother who follows his orders wins. Please give me some coffee. Hi
