Bitcoin Cash price line shows dishevelled price movements on the 03rd of March, while it eventually nears the $330 mark after entering the price chart for the 04th of March. BCHUSD trades with a day’s range of $326.800000 — $332.420000.
Trading view analyst moon333 believes that BCHUSD will see to its highest price in its trading history, if the key resistance that lies at $501, is broken by the cryptocurrency.
1-Day Bitcoin Cash Price Analysis (03rd March)
For the 03rd of March, the cryptocurrency sees a downtrend that started from the $340 mark and has ended near the $330 level. The cryptocurrency showed ruffled price movements before it neared the conclusion of the chart for the 03rd of March. The coin saw a day’s low of $320.86 US Dollars. Currently, the cryptocurrency trades at $329.870 US Dollars.
The 20-Day Exponential Moving Average (EMA) was seen closing at $330.153267, while the 50-Day Moving Average (MA) closed at $330.086000. The Relative Strength Index (RSI) stood at 47.57.
Bitcoin Cash: predictive analysis
moon333 is of the opinion that the cryptocurrency will see to the highest price in its trading history, given that the coin breaks above the key resistance level that lies at the $501 mark.
He exclaimed that the cryptocurrency has not been able to break this resistance level since November 2018, while it neared the resistance level in February 2020, after reaching the $497.53 mark. The cryptoanalyst explained that once this resistance level breaks out, the coin can achieve a stronger rally.
Featured Image by Kristaps Ungurs.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.