Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Bitcoin Cash continues to move sideways in the short term and it seems undecided as the price of Bitcoin moves somehow sideways as well. The altcoin is located at 222.35 at the time of writing.
BCH/USD could extend its sideways movement as only a sharp move in BTC/USD could bring us a clear direction on this market.
Bitcoin Cash came back down after retesting the minor downtrend line and now it stands right above the lower median line (lml).
You already know from my previous analysis that the altcoin could develop an upwards movement as long as it stays above the lower median line (lml). The downtrend line represents a key upside obstacle, while the former low of 219.36 stands as a critical support.
Dropping below 219.36 activates more declines and is seen as a selling opportunity.
A valid breakout above 224.57 and through the downtrend line should announce a new leg higher.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
