Bitcoin Cash price prediction

[chainsniff]

Bitcoin Cash BCH $545.86 has broken below the 20-day EMA ($560), indicating that the bulls are losing their grip.

BCH/USDT daily chart. Source: Cointelegraph/TradingView
The next support on the downside is the 50-day SMA ($534) and then $508. Such a move suggests that the Bitcoin Cash price may oscillate inside the $443 to $615 range for some more time.

Buyers will have to drive and maintain the price above the $615 level to signal the resumption of the up move. The BCH/USDT pair may then challenge the crucial overhead resistance at $651.

[Nahid Hossen]

Something doesn’t add up here. Need more clarity.