Bitcoin cash value declined and dropped below US $ below $ 500.
This week, an existing $ 570 dollar current pattern on the hourly chart of BCS / USD (data feed from data link) with current system has been exposed.
Price can fix some points, but close vendors may have to face close to $ 560 in the near term.
Vitamin Cash is recovering below $ 500, below. Sellers from short-term BCH / USD are likely to fall close to $ 570
Bitcoin Cash Price Resistor
This week most of the vitamins became expensive for cash, because it was below US $ 550 against the US dollar. Yesterday, I indicated that the value could check the level of $ 500.
The price not only tested the level of $ 500, but also violated the $ 470 level. The last wave of 1.618 extremes was a break between $ 551 to $ 625, BCH clearly defined a downtray
The most important point was the $ 500 trial and break. Price less than $ 471 and $ 625 to $ 471 recoverable from current high to high level of $276% of workers have gone up to registration level. However, failed to break the $ 530 level, the buyer failed to break the $ 52.5% Fabbert level level, the final collapse fell to $ 471 from $ 625 down to $ 471. However, the most important resistance is $ 560 level
This trend is due to recession because the current channel pattern of current week is active on current $ 5 billion dollar / US dollar chart with current reference. The $ 570 speed can be considered for selling about 5 million dollars of rallies.
Looking at technical indicators:
MACD is recovering for hourly AMC-BCH / USD, but losing momentum
RSI for the RSI (Relative Strength Index) per hour - BCH / USD is currently above 50 level.
Main Support Level- $ 470
Great resistance level - $ 570
