Bitcoin Cash / USD Short-term price analysis
BCH has a neutral short-term trading bias, with the BCH / USD pair now testing towards its 200-period moving average on the four-hour time frame.
The four-hour time frame is currently showing that the BCH / USD pair is attempting to recover from early week losses, while any presence of bullish MACD price divergence has...
BCH/USD(Bitstamp)
As mentioned in the previous article last week, Bitcoincash has been under correction(dropping) and it dropped further 20%+ since last week.
Bullish Case:
After surging 200%+ in the mid of December, It has dropped 50% at the time of writing.Though such drop is usual after such price surge but it need to holds $123-$109 price level to continue...
Midterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
Midterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (832.10). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
There is no trend in the market and the price is in a range...
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*But there is still possibility of temporary retracement to suggested support line (1292.20), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 1292.20 is not broken, the Midterm wave will...
BCH Price line has been remain in Gann Angle below 1/1 Gann line for last three weeks and now it is stable above 600$.
If this price can be maintained till 10th April, it will get good raise in price after crossing over 1/1 Gann Line.
As per Gann Angle down trend continues on third day too. But Volume is increasing as it moves forward, it may book to moon if cannot break lower resistance level.
BCH has been lagging behind BTC, the second attempt to resistance didn't show the same enthusiasm as BTC.
BCH with death cross (100 MA and 50 MA) as bearish as BTC but with less momentum then BTC.
We recommend sell of BCH at 1190 level with long term target of 500.
BCH / USD
cmp 1789
target 2500+
stop 1500.
1) Nice triple bottom setup.
2) Price has broken multiperiod high spanning since inception for the first time with good volumes.
3) Post breakout price has retraced to previous resistance which should ideally act as a support
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