COINBASE:BCHUSD has had a lovely history of long up and down trends. Historically they have lasted near half a year at a time in the past. We are back to a downtrend as the price has fallen below the 200 day EMA, Supertrend is red and the Heikin Ashi candles all red. Like most of the larger coins we seem to be at a consolidation period of low volume with...
Bitcoin cash performed a positive momentum on Tuesday’s trading session
Bitcoin cash price is $424.52, which is up by 3.62% in the last 24-hour time-frame and 2.37% down from the previous week
BCH/BTC pair is negative with a loss of 2.00% in Tuesday’s trading session (0.012112)
Bitcoin cash (BCH) gave a positive breakout after breaching its 20-Day Moving Averages of $430. After a sharp correction from the higher level of $630 formed a descending triangle pattern and slipped below the 20-Day Moving Averages (DMA). However, it successfully holds the major moving averages of $100 and 200-DMA. Support on the chart is situated at $375 and...
performed a positive momentum on Thursday’s trading session
Bitcoin cash price is $395.93, which is down by 0.53% in last 24 hour time-frame and 14.91% down from the previous week
BCH/BTC pair is positive with a gain of 0.97% in Thursday’s trading session (0.012554)
Bitcoin Cash price is up by 2.65% on Saturday's trading session. The price is consolidating for now and can see no signs of positive retracement during the session. So the trend remains negative price may fall till the support zone of 409.50
Bitcoin Cash Value is down by 7.42% on Friday's trading session. The price is below 20 and 50 days EMA, and it can move towards the support level of $391. One can further expect a short term recovery in the coin for a while, and then it can be bearish in the upcoming trading session.
After a quick look the price has recently broken a Daily resistance "darker blue line" conforming my buying bias.
After that waited for it to get the cheapest possible in the current context, ps: waited a little too long, actually I've entered pretty late, but the R/R remains strong with this one.
Either way it's all fun and remember i'm a random guy on the...