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Bitcoin Cash

Bitcoin Cash technical analysis: BCH/USD bulls firmly capitalised on a technical pennant; gains over 5%

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  • Bitcoin Cash price late on Wednesday is trading in the green by over 5%. 
  • BCH/USD daily price action extended to the upside after breaking out from a bullish pennant. 
  • A daily closure above the psychological $500 mark could leave the door open to further buying pressure. 

Spot rate:                 502.24

Relative change:      +5.25%

High:                        514.88

Low:                         473.16

BCH/USD 60-minute chart

  • BCH/USD is set to retest a breached range-block formation, where $500 is seen at the top of this structure. 

BCH/USD daily chart

  • The bulls have extended to the upside following a daily breakout of a pennant formation. 

source:.fxstreet.

Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on October 18, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 216. 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 middle border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on October 18, 2019

As part of the Bitcoin Cash forecast, a test of level 225 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 190. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at the level of 230.

Bitcoin Cash (BCH/USD) forecast and analysis on October 18, 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 ​​245. 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 October 18, 2019 implies a test level of 225. Further, it is expected to continue falling to the area below the level of 190. The conservative area for selling Bitcoin Cash is located area of 230. Canceling the option of falling cryptocurrency will be a breakdown of the level of 245. In this case, we can expect continuation growth.

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on October 17, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 224. 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 middle border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on October 17, 2019

As part of the Bitcoin Cash forecast, a test of level 232 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 200. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at 235.

Bitcoin Cash (BCH/USD) forecast and analysis on October 17, 2019

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 ​​245. 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 October 17, 2019 implies a test level of 232. Further, it is expected to continue falling to the area below the level of 200. The conservative area for selling Bitcoin Cash is located area of 235. Canceling the option of falling cryptocurrency will be a breakdown of the level of 245. In this case, we can expect continuation growth.

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Bitcoin Cash

Top 3 price prediction BTC, ETH, XRP: XRP Quotes Upwardly the Value of Ripple Ltd’s Business

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  • The technical structure of the XRP points high, far away.
  • Bitcoin plays a technical trick in a price limit zone.
  • Ethereum feels strong and breaths down King Bitcoin Moon???’s neck.

The cryptocurrencies market continues to contract as it moves towards crucial support levels. Future price scenarios are ambiguous at this time.

In the most favorable scenario for price increases, they would be ready to start before the end of this month. Once Bitcoin reaches the support zone at $7,600-$7,700 and Ethereum at $165-$170, we can expect a few days of psychological play to come out strongly.

In the adverse scenario, the supports mentioned above do not hold, and medium-term base objectives are opened. In the case of Bitcoin, $5,000 would be in sight. For Ethereum, the aim would be in the area of $130-$140.

And what about XRP?

Ripple’s token is a case apart. Technically it is in a different phase than Bitcoin and Ethereum.  The upward trend that began on September 24 has fulfilled the first objective of surpassing the medium-term moving averages. After three days of declines, XRP/USD seems to find support at the SMA100.

It is clear that the market sees XRP in a different light in comparison to Bitcoin or Ethereum. The dream scenario for XRP is to be qualified as equity. That qualification would lead XRP holders to acquire participative rights over the parent company, Ripple Ltd – It’s honey for the bees!

BTC/USD Daily Chart

BTC/USD is currently trading at $8,035 and is in the middle of the current price range between primary support at $7,700 and the $8,800 main resistance level.

Above the current price, the first resistance level is at $8,180, then the second at $8,400 and the third one at $8,800.

Below the current price, the first support level is at $7,875, then the second at $7,750 and the third one at $7,700.

The MACD on the daily chart remains crossed up by the low while keeping the bullish slope almost intact. The logical time to start a new uptrend, if it is to occur, would be in the next few hours.

The DMI on the daily chart shows that bears have a clear advantage over bulls. Buyers remain at shallow levels of trend strength, taking the situation to an extreme that may favor a change in price direction.

ETH/USD Daily Chart

The ETH/USD pair is currently trading at the $176.3 marginally painting the chart in green. 

Above the current price, the first resistance level is at $180, then the second at $190 and the third one at $195.

Below the current price, the first support level is at $170, then the second at $160 and the third one at $155.

The MACD on the daily chart shows a bearish cross just below the indicator’s zero levels. The closeness of the bullish zone maintains hope of an upward move.

The DMI on the daily chart shows a minimal advantage for bears over bulls. Also, in this case, the closeness between the two sides of the market would facilitate a possible bullish turn.

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