The Hourly View for BCH
Last Updated July 18, 2021, 02:050 GMT
Currently, BCH’s price is up $3.14 (0.7%) from the hour prior. The hourly chart shows that BCH has seen 3 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Bitcoin Cash Daily Price Recap
Bitcoin Cash is down 0.4% ($1.76) since the day prior, marking the 3rd consecutive day a decline has happened. The change in price came along side change in volume that was down 38.22% from previous day, but up 3.96% from the Saturday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 9 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From OrganikRobot:
@SmartContracter Keep in mind that dip in 2018 was when Bitcoin took a dive due to hashrate reduction when Bitcoin miners switched to mining BCH and BSV for the bitcoin cash hardfork.Eth and other alts followed when bitcoin dipped.The past does not = the future.no fear
- From MuffConnoisseur:
Respectfully,I am NOT interested in cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, or any other for that matter. I am here for President Trump.
- From betwin_247:
Good morning partners, it is mid July already, and ileya festival is just some days around the corner.
Cryto currency is about to send me into depression
February this year, my 50,000 naira worth of bitcoin cash has now reduced to 18,000. And bitcoin of 200$ now at 120$
I’m not?