What do you think about the increased transaction count on the bitcoin cash blockchain?
That’s $100million dollars all buying at once.
The price move occurred on volume that was down 63.96% from the day prior, but up 4.21% from the same day the week before.
Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Also, candlestick traders!
Relative to other instruments in the top cryptos asset class, eos ranked 3rd since yesterday in terms of percentage price change.
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
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 previous day.
The sec is at odds with its counterparts in the us & peers in other g20 markets.
This will not be an overnight success story.