Our preference: The bias is to the upside as prices consolidated just above support
Alternative scenario: prices are hovering above support levels and a drop below trend line support could lead to a test of the February low.
Support
Short-term an upward sloping trend line at 940
Resistance
Resistance is the 50-day moving average at 1,290.
Comment: Bitcoin cash is consolidating and forming a bottom. A break of resistance at 1,290 would lead to a test of target resistance near the February highs at 1,644. Momentum is turning positive as the MACD (moving average convergence divergence) index is poised to generat a crossover buy signal.
Target: 1,644
https://www.interactivecrypto.com/daily-technical-analysis-ltc-bitcoin-cash-dash-3-12-2018?source=organic
