Bitcoin Cash Price Today: Still Testing the $210 Key Price Level

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Written By: Eno Eteng (MSTA)

Nov 26, 2019, 12:38 GMT 12:38

Bitcoin

Summary:

Bitcoin Cash price today continues to test the critical support-turned-resistance at 210.93 after staging a slight rally yesterday.

Bitcoin Cash price today continues to trade around the $210 price level, which is a key support-turned resistance area. After dipping below this price level on Saturday in a market crash that took down other major cryptocurrencies, Bitcoin Cash posted a slight recovery and is now contending with this price area.

If gold prices were to trade above the October 25 high of $1518.41, then the price might be able to reach the $1563.14 level, as the difference between the upper and lower limit of the pattern is added to the October 25 high. On a break to the October 11 low at $1473.68, the price might be able to reach the $1428.95, as the difference in the range is subtracted from the October 11 low.

Time will tell if bullish or bearish traders will command price as the chart pattern itself is neutral in its outlook.

Written By: Eno Eteng (MSTA)

Eno is a certified financial technician and member of the UK Society of Technical Analysts. He loves to trade and write about stocks, Forex, and CFDs. Since 2009, he has consulted several financial companies as a trader and strategy developer. His work can be seen on several forex blogs and trading educational websites.