Bulls are again attempting to push through $360-level
Bitcoin Cash coin approaching the crucial supply zone after drawing the triple bottom formation over the daily price chart.
Bitcoin Cash reclaimed 8% market capitalization, which is now at $6,74 Billion.
The daily bitcoin cash price EMA ribbon as seen above the red ribbon of the indicator supports a bullish trend but the digital asset price is still below the 200-EMA (yellow). Moreover, Stoch RSI is looking flat in the overbought area concerning the regular price graph. Nevertheless, the Average Directional Index shows a slightly bullish trend for the Bitcoin Cash coin.
It looks like Bitcoin Cash holders don't want to miss out on a buying opportunity and may be able to jump the crypto price above the supply zone. On the other hand, if they fail to go up, they may again face a pullback.
Support level - $300 and $280
Resistance level - $360 and $470
Bitcoin Cash reclaimed 8% market capitalization, which is now at $6,74 Billion.
The daily bitcoin cash price EMA ribbon as seen above the red ribbon of the indicator supports a bullish trend but the digital asset price is still below the 200-EMA (yellow). Moreover, Stoch RSI is looking flat in the overbought area concerning the regular price graph. Nevertheless, the Average Directional Index shows a slightly bullish trend for the Bitcoin Cash coin.
It looks like Bitcoin Cash holders don't want to miss out on a buying opportunity and may be able to jump the crypto price above the supply zone. On the other hand, if they fail to go up, they may again face a pullback.
Support level - $300 and $280
Resistance level - $360 and $470