Bitcoin cash steadily rebounded from April's minimums, about $ 600. For almost two weeks it has been under strong key resistance around $ 1500.
Buyers control the market. Rebounds are short-term and rather moderate. Daily MAcross indicates that it should be bought from $ 800. The rate hardly falls below fast moving average. Meanwhile, slow moving average went up to $ 1200.
Weekly MAcross on sale. The key slow moving average is around $ 1500.
The rise of the rate and its consolidation above $ 1500 will technically mean the end of correction and resumption of medium-term growth. It seems that it will happen.
Above $ 1500 there is a couple of secondary resistances. However, the zone of about $ 3000 is actually significant and technically able to develop into strong trend.
Support is seen at $ 1200, $900 and $600.
We wish you profitable deals!
And follow our reviews.
Buyers control the market. Rebounds are short-term and rather moderate. Daily MAcross indicates that it should be bought from $ 800. The rate hardly falls below fast moving average. Meanwhile, slow moving average went up to $ 1200.
Weekly MAcross on sale. The key slow moving average is around $ 1500.
The rise of the rate and its consolidation above $ 1500 will technically mean the end of correction and resumption of medium-term growth. It seems that it will happen.
Above $ 1500 there is a couple of secondary resistances. However, the zone of about $ 3000 is actually significant and technically able to develop into strong trend.
Support is seen at $ 1200, $900 and $600.
We wish you profitable deals!
And follow our reviews.
