The price of Bitcoin Cash is currently facing challenges in surpassing the golden ratio resistance, located approximately at $270. Recently, BCH experienced a bearish rejection at this level.
In the daily chart, the Moving Average Convergence Divergence (MACD) histogram is trending downwards, signaling a bearish trend. However, the MACD lines are still in a bullish crossover, and the Relative Strength Index (RSI) is neutral, indicating mixed signals.
Bitcoin Cash is finding short-term support at around $249.6. Should this level be breached, the next support is expected at the 50-day Exponential Moving Average (EMA), around $234.6. In case of further decline, significant Fibonacci (Fib) support for BCH is anticipated at the golden ratio level, approximately $200
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HI @layefox
hope you doing well. We have some restrictive rules on our Steemit platform. You must have to follow those rules. Doing copy from other sources is a violation of our Steemit platform rules. To be a real blogger you must have to use your creativity. Your content is totally copied from another source. You have to mention or give the link from where you copied the content. Otherwise, it will be considered as plagiarism. Also, you only can take 25% (of course have to mention the source ) articles from somewhere else according to your blog and the remaining 75% have to write on your own. Hope you will try to follow our Steemits rules from now on.
Thank you.
Your post is written from this source link.
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