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Bitcoin Cash

Bitcoin Cash Price Analysis: resistance at $711, market highly volatile

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  • Market will move at a steady pace for the forseeable future
  • The strongest resistance is at $711
  • The strongest support is at $530

In the Bitcoin Cash Price analysis on November 21, 2021, we observed a cup and handle movement on the chart where the resistance was $584. The support remained steady at around $570 before falling into a flash-crash on November 22, 2021. Furthermore, the price declined to as low as $557 and has been stable since then.

Bitcoin Cash Price analysis: 4-hour chart

The Bitcoin Cash Price analysis chart deduced that the volatility has decreased, indicating that the price is less prone to change. The upper limit of the Bollinger’s Band lies at $587, which is the resistance, whereas lower limit of the Bollinger’s band rests at $559, also known as the support. Furthermore, we have seen that the moving average curve crosses over the price, indicating a bearish sign.

Bitcoin Cash Price Analysis: resistance at $711, market highly volatile 1
BCH/USD 4-hour chart source: Trading view

In this Bitcoin Cash Price Analysis, we have observed that The Relative Strength Index (RSI) is at 41, suggesting that the asset is on neither extremes and shows no signal. Since the volatility is decreasing, the chances of a significant difference in the prices are slim. Bulls and bears both try their best, but in vain; neither of the two is dominating the market yet.

BCH/USD 1-day price chart analysis: the volatility is increasing

The Bitcoin Cash Price analysis of the 1-day price chart showed a significant increase in the volatility of the assets, meaning that the market is well on its way to variable change shortly. The analysis shows the upper limit of the Bollinger’s Band stands at $711, called the resistance, while the lower limit rests at $530, called the support. The moving average curve crosses over the price signifying a bullish movement, showing the bulls dominating the cryptocurrency market.

Bitcoin Cash Price Analysis: resistance at $711, market highly volatile 2
BCH/USD 1-day chart source: Trading view

The bitcoin cash analysis shows the Relative Strength Index (RSI) at 41. Since the nature of this market is currently quite prone to variable change, it would either escalate exceptionally or plunge entirely.

Bitcoin Cash Price Analysis: conclusion

Concluding the Bitcoin Cash Price analysis, we have observed the market trend as bullish with high volatility, indicating the change at any time will be drastic. Either the value of the asset rises to a $750 resistance or falls below $530 support. Another effect such high volatility might have is the fluctuation of resistance and support. If resistance fluctuates, the price will skyrocket, but if the support fluctuates, the price will plummet.

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The oscillating resistance will favor the bulls as the trend in the market will turn bullish, whereas the oscillation in support will favor the bears as the market will follow a bearish trend. With this being said, there is no telling who will rule the market, the bulls or the bears, as the unpredictability of the market is currently at its peak. Only time will tell.

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on November 26, 2021

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 612. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator bars.

Bitcoin Cash (BCH/USD) forecast and analysis on November 26, 2021

As part of the Bitcoin Cash forecast, a test of the level of 590 is expected. Where can we expect an attempt to continue the growth of BCH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 650. The conservative buying area for Bitcoin Cash is located near the lower border of the Bollinger Bands indicator bars at 540.

Bitcoin Cash (BCH/USD) forecast and analysis on November 26, 2021

Cancellation of the option to continue the growth of the Bitcoin Cash rate will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the 530 area. This will indicate a change in the current trend in favor of the bearish for BCH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on November 26, 2021 implies a test level of 590. Further, growth is expected to continue to the area above the level of 650. The conservative buy area is near the area of ​​540. Cancellation of the cryptocurrency growth option will be the breakdown of the level of 530. In this case, we should expect continuation of the fall.

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Bitcoin Cash Price Analysis: strong resistance at $713

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  • Market volatility high.
  • Strongest resistance at $713
  • Strongest support at $549

The Bitcoin Cash Price Analysis has shown a significant decline on 22 November 2021, followed by a flash-crash the same day the price went as low as $550. On 23 November 2021, the price started to increase, showing a head and shoulder movement. Due to high volatility, the fluctuations in the prices are rather significant and unpredictable to some extent.

Bitcoin Cash Price analysis chart 4-hour: steady increase in volatility

The Bitcoin Cash Price analysis chart shows that the volatility of the market has currently steadily increased. Though the increasing process might be slow nonetheless, it will have an impact on the whole market. Since the volatility increase is not significant, the investments’ prices will undoubtedly be affected. The moving average curve crosses over the BCH/USD price; this implies that the trend being followed is bullish. With the volatility increasing and the movement being bullish, the investment pieces are expected to rise.

Bitcoin Cash Price Analysis: strong resistance at $713 1
BCH/USD 4-hour chart source: Trading view

The Bitcoin Cash Price Analysis shows the upper limit of the Bollinger’s band at $590 being the resistance and the lower limit at $549 being the support. The Relative Strength Index (RSI) is at 41; it is slightly undervalued, but not entirely; it’s almost in the middle showing no signal and is not being oversold. The buyers will have to up their game if they want to capture the market.

BCH/USD 1-day price analysis chart: highly variable market

By examining the Bitcoin Cash Price analysis chart, we have come to know that the market is outstandingly volatile, which means that the prices of the investments will significantly be prone to change. The moving average is crossing over the BCH/USD price, so the trend is bullish in the market. The market is volatile, and the bullish trend implies that the price will increase somewhat, though this much volatility hinders the accuracy of predictions.

Bitcoin Cash Price Analysis: strong resistance at $713 2
BCH/USD 1-day chart price source: Trading view

The Bitcoin Cash Price Analysis shows that the Bollinger’s bands’ upper limit is at $713, also known as resistance, and the lower limit of the Bollinger’s band, also known as support, rests at $522. The gap between the lower and upper limits is enormous, which implies that the prices of the assets will change at a random and significant scale. The Relative Strength Index (RSI) is at 40, slightly undervalued and not oversold. The market is bullish, and the assets are undervalued; the value of investments will likely escalate.

Bitcoin Cash Price Analysis: conclusion

The Bitcoin Cash Price Analysis concludes that we have observed the current behavior of BCH, which is following a relatively bullish trend. The chart analysis shows that with the steady bullish momentum, it is predicted that the cryptocurrencys’ value will son increase, but if the current support fluctuates, we may see a decline in the prices as far as $540.

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Bitcoin Cash Forecast November 22 — 26, 2021

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Bitcoin Cash completes the trading week at 567.72 and continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 550.05. From where a rebound is expected again and an attempt to raise the Bitcoin Cash cryptocurrency with a potential target above the level of 1170.05.

Bitcoin Cash Forecast November 22 — 26, 2021

An additional signal in favor of raising the BCH/USD quotes in the current trading week November 22 — 26, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ”Triangle” pattern. Cancellation of the option to raise Bitcoin Cash cryptocurrency next trading week will be a fall and a breakdown of the 350.05 area. This will indicate a breakdown of the support area and a continued fall in BCH/USD quotes with a target below the level of 185.05. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 825.05, which will indicate a breakdown of the upper border of the ”Triangle” model.

Bitcoin Cash Forecast November 22 — 26, 2021

Bitcoin Cash Forecast November 22 — 26, 2021 suggests an attempt to test the support area near 550.05. Then continued growth to the area above the level of 1170.05. An additional signal in favor of the rise in Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 350.05 area. This will indicate a continued decline in cryptocurrency with a target below the level of 185.05.

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