Weekly Technical Analysis of Bitcoin Cash 2 March

BitcoinCash has been sponsored for the second time in the past five days in the Simple Moving Average Line (SMA), which is $ 131.

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BitcoinCash has been sponsored for the second time in the past five days in the Simple Moving Average Line (SMA), which is $ 131.
The BitcoinCash resistances are at $ 140 (weak) and at $ 160 (very powerful). In the event of a resistance break of $ 140, we will probably see a quick jump to $ 160, which is a very significant resistance. After $ 160, you can target $ 177 and $ 220. Long-term traders can count their stop loss at $ 116.

Reaching a price below $ 130 could mean a fall of $ 116, and if the $ 116 strong support breakdown, there would be a $ 105 drop. The RSI Index and Flat Moving Averages show a short period of price fixing.