Bitcoin Cash forecast analysis BCHUSD September 6, 2017

Bitcoin Cash forecast analysis BCHUSD September 6, 2017

Bitcoin Cash forecast analysis BCHUSD September 6, 2017

Bitcoin Cash forecast analysis BCHUSD Bitcoin coins rate declined sharply and broke a first-rate support close to $560 in opposition to the united states dollar.
The day prior to this’s highlighted a contracting triangle pattern with guide at $580 on the hourly chart of bch/usd (records feed from kraken) become broken.
The pair is now trying to settle underneath the $500 degree, which would be a robust bearish signal.
Bitcoin cash charge tumbled along btc against the united states greenback. Bch/usd is now trying a break below a major assist of $500.

The day gone by, because of Yesterday, due to Chinese Ban on ICOs all cryptocurrencies faced heavy selling pressure, including Bitcoin cash price against the US Dollar. The price was looking to trade higher, but after the news, there was a sharp decline below the $600 level. There was a failure to break the 61.8% Fib retracement level of the last drop from the $680 high to $575 low. The downside move was such that buyers failed to protect a major support area near $560.



Bitcoin Cash forecast analysis BCHUSD

READ  Stock index NIKKEI 225 forecast September 21, 2017
READ  Index Toronto TSX forecast & analysis Closed September 14, 2017
READ  Bitconnect Coin (BCC) Hits New All-Time High at $122 as Bitcoin Price Surges

During the downside move, yesterdays highlighted a contracting triangle pattern with support at $580 on the hourly chart of BCH/USD was also cleared. It has opened the doors for more losses. Recently, the price traded as low as $501.00 and recovered. However, sellers appeared near the 23.6% Fib retracement level of the decline from the $680 high to $501 low. It seems like the price has completed a correction at $550 and likely to resume its downside.chinese language ban on icos all cryptocurrencies confronted heavy selling stress, including bitcoin cash rate in opposition to the us greenback. The fee was looking to exchange higher, but after the news, there was a sharp decline under the $six hundred level. There has been a failure to interrupt the sixty one.Eight% fib retracement degree of the final drop from the $680 high to $575 low. The disadvantage circulate become such that consumers did not guard a chief help place near $560.

At some point of the drawback move, yesterdays highlighted a contracting triangle pattern with aid at $580 at the hourly chart of bch/usd turned into additionally cleared. It has opened the doors for greater losses. These days, the price traded as low as $501.00 and recovered. However, sellers appeared near the 23.6% fib retracement degree of the decline from the $680 high to $501 low. It looks like the price has completed a correction at $550 and possibly to resume its drawback.




|Chart | Calendar   | TRADE NOW | FORCAST | cryptocurrency 

Market Quotes by TradingView

Like up on FACEBOOK


logo

( ethereum logoETH )  (bitcoin logo BTC )  ( ripple logo XRP )  (  litecoin logoLTC )  (DASH LOGO  DASH )  ( NEM LOGO NEM ) ( ethereum-classic LOGO ETC )

Social Media links

Facebook page  FOREXINVESTORS

TWITTER  @OPTIONEVOLUTION

NEXUS SOCIAL  JADTECNIC



Click here for reuse options!
Copyright 2017 Investors Buz

Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply

Create Account



Log In Your Account