Technical Signs Suggest BCH’s Downtrend May Be Stalling

The Daily View for Bitcoin Cash

  • Currently, BCH’s price is up $0.8 (0.67%) from the day prior.
  • The daily chart shows that Bitcoin Cash has seen 2 straight up days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them so that price is now turning above it. 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 moment, BCH’s price is up $0.87 (0.73%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 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 alert: Trend in BCH’s price and its RSI are diverging. BCH’s price is declining faster than its RSI.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • Over the past 89 days, the trend for BCH’s average transaction value has been choppy and unclear. It has oscillated between 0 and 0.
  • BCH’s daily large transaction count now stands at 0.
  • BCH has a daily large transaction count of 0, NA NaN% from its value day prior.