Bitcoin Cash’s 6 Day Down Streak Comes to an End

The Daily View for Bitcoin Cash

  • At the moment, BCH’s price is up $0.25 (0.19%) from the day prior.
  • Bitcoin Cash has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • 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.

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 $0.25 (0.19%) from the day prior.
  • Bitcoin Cash has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Bitcoin Cash. Given that we see an uptrend on the 20 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 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

  • BCH has a number of daily new addresses of 0, NA NaN% from its value day prior.
  • Over the past 45 days, the trend for BCH’s average transaction value has been choppy and unclear. It has oscillated between 0 and 0.
  • For BCH, its average transaction value is now at 0.