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Weekly Technical Analysis of Bitcoin Cash June 1

Bitcoin Cash has been able to defend its support between $ 255 and $ 241. If this support breaks down, it will not be possible for the fall to fall short of the simple 50-day-old Moving Orijie, about $ 220.
Abstract

Bitcoin Cash is on the upside. In the past few days, it has been traded on the 20-day EMA (purple line). Breaking upwards from the uptrend channel can drive Bitcoin Cash to $ 638.


Description

Nevertheless, there is a negative divergence in RSI that buyers should take care of. The Bitcoin Kick sponsors are EMA 20 at $ 400, the SMA 50 at $ 333, and the bottom of the ascending channel.







 

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