• On the upside, if the $400 price level holds, the bulls will make an upward move to retest $480 resistance level.
• The coin’s price is below the EMAs which suggest that price is likely to continue its fall.

BCH/USD Long-term Trend: Bearish

• Resistance levels: $480, $500, $520
• Support levels: $300, $280, $260

The price of Bitcoin Cash was in the bullish trend zone. From the price action on June 25, the bulls were resisted after testing the $480 price levels. The BCH market was on a downward correction to the low at $400. The support level at $400 was well supported as the bulls make an upward move to break the EMAs and retest the $480 overhead resistance level.

The BCH price fluctuates below and above the $400 price level. Presently, the BCH price is ranging below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. On the upside, if the $400 price level holds, the bulls will make an upward move to retest $480 resistance level.

The coin’s price is below the EMAs which suggest that price is likely to continue its fall. The price fell and it is approaching the low of $280 price level .The stochastic is in the oversold region but above the 20% range which indicates that the price of is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.