Here's Bitcoin Cash levels on a 5x split frame 1 week, 1 day, 4hr, 1hr & 15min, charts layout. Since the Silvergate Capital bank (SI) fallout on March 2nd, crypto has been under selling pressure. This can be a temporary short opportunity or become a longer-term long entry. We will have to wait to see how things unfold. It's important to keep an eye on the 1 day and 4-hour chart levels specifically for now. The numbers that stand out to me is $119 as a strong support and $138 as a strong resistance currently. BCH/USD may very well consolidate in that range for some time if there's no further break down.
1day chart BBMC:
Top = 171
R4 = 164
R3 = 158
R2 = 152
R1 = 145
VWMA13 = 138
S1 = 131
S2 = 125
S3 = 119
S4 = 113
Bottom = 106
4hr chart BBMC:
Top = 139
R4 = 137
R3 = 134
R2 = 132
R1 = 129
VWMA13 = 127
S1 = 124
S2 = 121
S3 = 119
S4 = 117
Bottom = 114
1day chart BBMC:
Top = 171
R4 = 164
R3 = 158
R2 = 152
R1 = 145
VWMA13 = 138
S1 = 131
S2 = 125
S3 = 119
S4 = 113
Bottom = 106
4hr chart BBMC:
Top = 139
R4 = 137
R3 = 134
R2 = 132
R1 = 129
VWMA13 = 127
S1 = 124
S2 = 121
S3 = 119
S4 = 117
Bottom = 114
Commentaire:
BCH start dca long $106-109
Commentaire:
BCH, BTC, ETH, LTC update:
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