Bitcoin Cash is Down for the 2nd Day in a Row

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is down $-0.74 (-0.11%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Bitcoin Cash has now gone down 4 of the past 5 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Bitcoin Cash. Given that we see downtrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward 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 down $-1.8 (-0.27%) from the day prior.
  • This is the 2nd day in a row Bitcoin Cash has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily 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.
  • 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

  • Over the past 29 weeks, the trend for BCH’s daily large transaction count has been choppy and unclear. It has oscillated between 0 and 102393.
  • BCH’s average transaction value now stands at 0.
  • BCH has a daily large transaction count of 0, NA NaN% from its value day prior.