See also
30.11.2023 12:52 PMBitcoin Cash continues to move sideways in the short term and it seems undecided as the price of Bitcoin moves somehow sideways as well. The altcoin is located at 222.35 at the time of writing.
BCH/USD could extend its sideways movement as only a sharp move in BTC/USD could bring us a clear direction on this market.
Bitcoin Cash came back down after retesting the minor downtrend line and now it stands right above the lower median line (lml).
You already know from my previous analysis that the altcoin could develop an upwards movement as long as it stays above the lower median line (lml). The downtrend line represents a key upside obstacle, while the former low of 219.36 stands as a critical support.
Dropping below 219.36 activates more declines and is seen as a selling opportunity.
A valid breakout above 224.57 and through the downtrend line should announce a new leg higher.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
