{"id":174417,"date":"2023-10-15T07:36:47","date_gmt":"2023-10-15T02:06:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=174417"},"modified":"2023-10-15T07:36:47","modified_gmt":"2023-10-15T02:06:47","slug":"lingers-below-the-200-dma-as-sellers-target-0-8900-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/lingers-below-the-200-dma-as-sellers-target-0-8900-crypto-news\/","title":{"rendered":"Lingers below the 200-DMA as sellers target 0.8900 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/CHF experiences a retreat, trading at 0.9014, marking a 0.76% decline, after failing to sustain a surge above the 0.9088 level.<\/strong><\/li>\n<li><strong>A double top formation and a subsequent V-shape drop signal potential downside, with the 0.8986 weekly low in sight.<\/strong><\/li>\n<li><strong>Key support looms at the psychological 0.9000 level, followed by the 50-DMA at 0.8938.<\/strong><\/li>\n<\/ul>\n<p>The USD\/CHF retreats after climbing more than 0.70% on Thursday and oscillates below the 200-day moving average (DMA) as sellers outpaced buyers, as the pair failed to get acceptance above today\u2019s daily high of 0.9088. At the time of writing, the USD\/CHF is trading at 0.9014, down 0.76%.<\/p>\n<p>After forming a double top, the USD\/CHF dipped toward its current week low of 0.8986, before bouncing off to the 0.9080s region, but buyers&#8217; failure to extend its losses triggered a V-shape drop in the pair. If the USD\/CHF slides below 0.9000, the current weekly low of 0.8986 would be exposed, followed by the 50-DMA at 0.8938.<\/p>\n<p>Conversely, if USD\/CHF buyers hold the exchange rate above the 200-DMA, sitting at 0.9019, that could open the door to test weekly highs of 0.9088, followed by the psychological 0.9100 figure. Once cleared, the next stop would be the October 3 cycle high of 0.9245.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Price Action \u2013 Daily chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638328218601210999.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CHF experiences a retreat, trading at 0.9014, marking a 0.76% decline, after failing to sustain a surge above the 0.9088 level. A double top formation and a subsequent V-shape drop signal potential downside, with the 0.8986 weekly low in sight. Key support looms at the psychological 0.9000 level, followed by the 50-DMA at 0.8938. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,252,247,253,249,308,597,256,254],"class_list":["post-174417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=174417"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174417\/revisions"}],"predecessor-version":[{"id":174418,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174417\/revisions\/174418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9370"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}