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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on March 26, 2018

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 983.00. Quotes of the cryptocurrency are traded below the level of the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the lower border of the Bollinger Bands indicator bars. A test of the level 1020.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 880.20.

Bitcoin Cash (BCH/USD) forecast and analysis on March 26, 2018

Bitcoin Cash (BCH/USD) forecast and analysis on March 26, 2018

The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 1050.00. The abolition of the continuation of the Bitcoin Cash fall will be the breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of ​​1100.20, indicating a change in the bullish trend for BCH/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.

Bitcoin Cash

Bitcoin Cash price analysis: BCH/USD consolidating in a flag after dropping from double top formation

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  • Following two straight bearish days, BCH/USD is currently trending around $307.65.
  • Moving average convergence/divergence (MACD) and Elliot oscillator both shows bearish tendency.

BCH/USD dropped from $309.25 to $307.85 in the early hours of Saturday. This Friday, the price went down from $314.25 to $309. The hourly price breakdown shows us that the bears took the price down to $304.25, where it found support. The price bounced up a bit and has pretty much trended horizontally since then. The daily chart shows that the bulls got rejected twice at the $347.45 resistance level, charting a double top pattern. Since then, the price plummeted and is trending in a flag formation.

BCH/USD daily chart

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The daily price chart is trending above the 200-day simple moving average (SMA 200) curve and below the SMA 50 and SMA 20 curves. The moving average convergence/divergence (MACD) indicator shows two straight bearish sessions. The Elliot oscillator has had two bearish sessions following five consecutive bullish sessions.

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Bitcoin Cash (BCH) Reflect Moderate Movement, Ethereum (ETH) & Ripple (XRP) Suffer From Heavy Loss

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Ethereum (ETH/USD) Price Analysis:

Ethereum is the second-largest coin in the world. The coin opened with a downtrend. The coin recently experienced a heavy pullback in price due to the market pressure. The currency was trying to improve, but once again, the coin fell. Let’s have a look at the week-long chart.

ETH Price Chart
ETH Price Chart

Looking at the above ETH price chart, the coin started the week with a downtrend. On 10thAugust, the coin changed places from $214.5 to $206.7 by 3.23%. On 11th August, the coin jumped from $206.77 to $216.51. On 12th August, the coin slipped from $216 to $211 by 2.34%. The downtrend continued from $211 to $209 by 0.90% on 13th August. On 14thAugust, the coin slipped from $209 to $187 by 10.35%. Yesterday, the coin maintained a subtle trend and kept around $188. Today, the coin again opened with a downtrend. The coin is presently dealing around $183.

The coin is expected to rise in the coming time. The traders are recommended to hold their investment for some time until the upsurge embarks in the market.

 Ripple (XRP/USD) Price Analysis:

XRP Price Chart
XRP Price Chart

Ripple (XRP) is the third-largest coin in the market. The coin has great potential, and the same has been witnessed in the last couple of weeks. The coin experienced a heavy drop this week. The coin started dealing around $0.297. The coin escalated to $299 by 0.91% on 10th August. On 11th August, the coin jumped from $299 to $303 by 1.27%. The coin started moving down from 12th August. The price counters changed from $0.303 to $0.300 by 0.72%. On 13th August, the coin slipped from $0.300 to $0.298 by 1.62%. The coin kept falling from $0.298 to $0.261 by 12.40%. Yesterday, the coin jumped from $0.261 to $0.265 by 1.52%.

Ripple (XRP) needs some time to come out of the market drop. The traders should keep faith in the coin and hold the investment for some time.

Bitcoin Cash (BCH/USD) Price Analysis:

Bitcoin Cash (BCH) is the fourth largest coin in the crypto market. The market cap stands around USD 5,495,156,187 at 6:42 UTC. The currency has suffered in the latest fall but holds great potential. We are quite positive about the future upsurge.

BCH Price Chart

Looking at the BCH price chart, the coin is reflecting moderate movement in the coin. Starting from 10th August, the coin escalated from $320 and went up to $337 by 5.23%. On 11th August, the coin slipped from $337 to $328 by 2.51%. The coin again climbed on 13thAugust from $328 to $347 by 5.93%. On 14th August, the price slipped from $347.9 to $314 by 9.67%. Yesterday, the coin experienced a pull-back but closed near the opening price. Today, the coin is currently dealing at $310.

Bitcoin Cash (BCH) is recommended for the long term traders. The given period would help the traders to earn colossal profit from the investment.

Source:cryptonewsz.

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Bitcoin Cash (BCH/USD) forecast and analysis on August 16, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 309. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on August 16, 2019

As part of the Bitcoin Cash forecast, a test of level 317 is expected. Where can we expect an attempt to continue the fall of BCH/USD and the further development of a downward trend. The purpose of this movement is the area near the level of 288. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at 355.

Bitcoin Cash (BCH/USD) forecast and analysis on August 16, 2019

The cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown of the area of ​​the upper border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair above the area of ​​360. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on August 16, 2019 implies a test level of 317. Further, it is expected to continue falling to the area below the level of 288. The conservative area for selling Bitcoin Cash is located area of 355. Canceling the option of falling cryptocurrency will be a breakdown of the level of 360. In this case, we can expect continuation growth.

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