ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Bitcoin Cash Price Analysis – Is A Breakout Looming?

Choice by Choice
August 19, 2019
in News, Price Analysis
0
Bitcoin Cash | Ran Neu-Ner | Ethereum | HODL Bitcoin Cash | HODL Ethereum | FODL Bitcoin
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter

Bitcoin Cash price is facing resistance at the $360 resistance level but has found support at the $280 level. Is a price breakout imminent?

Bitcoin Cash Price Technical Analysis

In retrospect, the price of Bitcoin Cash (BCH) had been trading in a range-bound movement below the 12 and 26-day Exponential Moving Averages (EMAs) for the past 30 days. The bulls have found support $280 price level while it struggles to break above the $360 resistance level.

On August 5, BCH bulls were unable to break the $360 resistance level and as a result, Bitcoin Cash price had been trading below the resistance zone. The $280 level had been the support zone since April. The bears had not broken below the $280 support zone since April because the market respects the historical price zones.

On the upside, if the bulls break above the EMAs, the coin will rise and retest the $400 and $480 price levels. On the other hand, if the bulls fail to break the EMAs, Bitcoin Cash price will fall and reach a low of $150 or $200 level.

In the meantime, BCH price is in the overbought region of the daily stochastic while above the 60% range, which is an indication that the price is in a bullish momentum and buy signal.

BCHUSD Price Short-term Analysis

Bitcoin Cash Price
BCHUSD Price Chart

On the 1-hour chart, BCHUSD price is in a bullish trend zone. The 12 and 26-day EMAs are trending horizontally right above the $300 level, suggesting that the market is fluctuating and will continue to do so for a few more days. If the BCHUSD continues to range, the tendency is for the pair to have a price breakout.

In the meantime, BCHUSD price is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bearish momentum and sell signal.

  • Resistance Levels: $400, $440, $480
  • Support Levels: $240,$200, $160

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

Tags: BCHUSDBCHUSD PriceBitcoin Cash NewsBitcoin Cash Price
Previous Post

Money Transfer Companies Are Starting to Worry as Blockchain Gains More Power

Next Post

Bitcoin Price Analysis - Will BTCUSD Continue Upward Move?

Next Post
Bitcoin | Payments | Cryptocurrency

Bitcoin Price Analysis - Will BTCUSD Continue Upward Move?

Recent Stories

Quickly

Financial Advisor Introduces Petition for the UK Government to Ban Crypto Transactions

January 15, 2021
LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

January 15, 2021
Bitcoin

Bitcoin Falls Below $35k Despite the Unveiling of Biden’s $1.9 Trillion Stimulus

January 15, 2021
cryptocurrencies

The Impact Of Cryptocurrencies On The Global Marketplace

January 15, 2021
What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Trading

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Bitcoin

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
Ethereum

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 36,247.00 6.25%
  • ethereumEthereum (ETH) $ 1,159.84 2%
  • tetherTether (USDT) $ 0.998516 0.29%
  • bitcoin-cashBitcoin Cash (BCH) $ 481.65 5.73%
  • binancecoinBinance Coin (BNB) $ 40.74 0.18%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree