The Hourly View for BCH
Last Updated November 20, 2020, 03:016 GMT
Currently, BCH’s price is up $0.5 (0.19%) from the hour prior. BCH has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Bitcoin Cash Daily Price Recap
Bitcoin Cash is down 0.36% ($0.89) since the day prior, marking the 2nd consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 10.51% from the day before — and down 36.08% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 6th for the day in terms of price change relative to the day prior. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, the current price of Bitcoin Cash is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone down 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!