Bitcoin Cash Closed Yesterday Up 1.35%

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $0.06 (0.02%) from the day prior.
  • The daily chart shows that Bitcoin Cash has seen 2 straight up days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, with price now being above it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Bitcoin Cash’s hourly price chart is shown below.

BCH

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $4.91 (1.35%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between BCH’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BCH’s price.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • BCH has a count of active addresses of 0, NA NaN% from its value day prior.
  • Over the past 29 weeks, BCH’s number of daily new addresses has been in a clear downtrend, falling by about 379.30 per day.
  • BCH’s daily transaction count now stands at 0.

Featured Bitcoin Cash Idea From TradingView

Below is a trading comment entitled Long Bitcoin. MultiCycle Trend Analysis you may find interesting:

BTC held the same support trend line for the first two cycles. Seemed to hold in the 2018 bear market, until the Hash War & the subsequent Bitcoin Cash fork caused BTC to fall out of its 2 Cycle Support Trend Line in Nov. 2018. In Dec. 2018, BTC found a new support level and moved upward. BTC then failed to break 2 Cycle Support in June ‘19 and fell back to confir…

LordFarquad