Price Analysis
In the last 24 hours, bitcoin cash price has risen 6.2%. Price is moving above the trend line. The Bitcoin Cash has crossed the resistance of $421.7. The trend seems partially bullish. If the bulls remain in the market, the price level of $.1 can be seen. Trading volume is low (below average) from last few days. If the bulls remain in the market, the price level of $595.3 can be seen. Trading volume is low (below average) from last few days. Global Exchange.
RSI is in the overbought zone. RSI is at value 73.01. Stochastic is in the overbought zone. Price is in the uptrend and is gaining momentum. Ichimoku cloud is showing a bullish trend. globalxchange. Conversion Line is moving flat and above the baseline.
Strategy
Currently, the price is trading at $470.6. Price is continuously moving in the upward direction. Globalexchange. The target of $595.3. MACD is also showing rising momentum is the trend.
Global exchange. On the other hand, if the prices slide downward it will get support at $421.7. So to take the profitable position, we can set a target of $595 with a stop loss at $421 at the current price.
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