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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on July 12, 2018

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 693.50. 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 bands of the Bollinger Bands indicator. A test of the level 720.00 is expected, from which it is expected to try to continue the fall and further development of the downward trend with the target near the level of 620.50

Bitcoin Cash (BCH/USD) forecast and analysis on July 12, 2018

Bitcoin Cash (BCH/USD) forecast and analysis on July 12, 2018

The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator strip at 790.00. The abolition of the option to continue the Bitcoin Cash fall will be the breakdown of the upper range 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 ​​820.50, 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.

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Bitcoin Cash

Bitcoin Cash price analysis: BCH/USD reignites the fire, jumps 3.72% on a daily basis

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  • Bitcoin Cash is settling in a short-term bullish flag pattern; pending breakout.
  • There are a number of key supply zones at $820, $840 and $880.

Bitcoin Cash continues to correct higher even as the week’s trading kicks off today. Following the recent slight dip testing the support level at $740, BCH/USD has been trading higher highs and higher lows through the weekend trading sessions. It is currently battling for a support above $810, although it has traded highs of $836.25 on the day.

The cryptocurrency is also trading at the narrow end of a contracting triangle pending yet another upside breakout in the medium-term. Moreover, the price is settling in a short-term bullish flag pattern. Consequently, technical indicators like the MACD is moving towards the negative levels. However, the moving average gap is narrowing to show that buying pressure is still present.

In the event that the immediate support at $810 gives in to the growing selling pressure, the 61.8% Fib retracement level with the previous swing high of 873.76 and a swing low of $688.26 will work as a support zone marginally above $800. The 100 SMA will offer support above the Fib level while the 50 SMA at $798.62. On the upside, $820 is the immediate upper supply zone and also represents a breakout to $840 and $880 supply zones progressively.

BCH/USD 1-hour chart

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Analysis

Bitcoin Cash (BCHUSD) weekly forecast on July 23 — 29, 2018

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 794.88. 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 middle border of the Bollinger Bands indicator bars. A test of level 850.20 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 450.00.

Bitcoin Cash (BCHUSD) weekly forecast on July 23 — 29, 2018

Bitcoin Cash (BCHUSD) weekly forecast on July 23 — 29, 2018

The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 850.60. The abolition of the continuation of the Bitcoin Cash fall will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the 1100.50 area, 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.

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Bitcoin

Crypto News Flash: Bitcoin (BTC), Tron (TRX), Ripple and XRP, Ethereum (ETH), Litecoin (LTC), Stellar (XLM)

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Stellar (XLM), Litecoin (LTC) and Bitcoin (BTC)

Brian Kelly, the CEO of crypto investment firm BKCM, says Stellar has earned its spot ahead of Litecoin in market cap.

“Stellar is both a currency and a platform, so it makes sense that it is more valuable than Litecoin,” Kelly told CNBC. “The partnership with IBM is very interesting and could add even more value as they build more products on the Stellar platform.”

As for the overall market, Kelly believes the bear market may have subsided. “The character of the market has appeared to have changed. For most of this year, every rally was met with aggressive selling. That has changed over the last two weeks. The potential for a currency war could be a tailwind for Bitcoin going forward.”

Tron (TRX)

Crypto exchange Changelly has added Tron to its list of cryptocurrencies that can be easily bought with a bank card.

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In addition, a new Google Chrome extension for Tron is launching. Tronlink is designed to give developers an easy way to create decentralized apps that launch directly from the browser. Users will be able to see games, applications, sites and other DApps  on Tron’s blockchain through TronLink. It will be available on the Chrome Web Store on July 31.

Ripple and XRP

A new poll from Weiss Ratings found XRP is the best cryptocurrency for moving funds between exchanges.

Out of 7,598 votes, XRP came in first at 78%. Ethereum and “other” tied for second with 8% each, and Bitcoin is in fourth place at 6%. Ripple owns 60% of the total supply of XRP.

 

 

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