The Hourly View for BCH
Last Updated April 28, 2021, 03:016 GMT
At the time of this writing, Bitcoin Cash’s price is up $1.07 (0.12%) from the hour prior. Bitcoin Cash has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Bitcoin Cash. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today up 4.86% ($41.28) from the open of the day prior, marking the 2nd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 15.53% from the day before — and down 60.6% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From MASTERBTCLTC:
Litecoin is king of it’s mining algorithm, bitcoin cash is a minority in its. Litecoin is adding MimbleWimble extension blocks & will be the first top ten coin to have fungibility Litecoin has been around for 9+ years, bitcoin cash is only 3+ years Charlie lee > Roger Ver
- From nanosaurus_flex:
@girlgone_crypto $nano. a spam attack has been going on for a while, but during the attack, the network still sustained more transactions than bitcoin, bitcoin cash, litecoin and ethereum combined. and still instant. i think people who hate on nano just never tried it.
- From litecoin_bull:
Customers of the oldest American wine seller – Acker – can now purchase wine with Bitcoin, Bitcoin Cash, #Dogecoin, and #Ethereum.We pay out employees here in #Crypto Why not!? The virus is spreading. 👾👾
For a longer news piece related to BCH that’s been generating discussion, check out:
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