Bitcoin Cash (BCH) Holds at the Bottom, Is the Consolidation Ongoing?

Key Resistance Levels: $275, $300, $325
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Ranging
Bitcoin Cash had been trading in the large price range between the levels of $200 and $240. Presently, the coin is now fluctuating at the bottom of the chart. In retrospect, the bulls break the $240 resistance line and reached a high of $310. The coin was resisted as BSH drops back to a range-bound zone.

The bears tested the low at $200 but there was a pulled back. The pullback was a correction as the upward move was stopped at $227. BCH is trading between the low at $200 and $227. The bulls are now having difficulty to move upward because of the resistance at $227. Conversely, the bears have failed to break the low of $200.

BCHUSD - Daily Chart

Daily Chart Indicators Reading:
The Fibonacci tool indicates that the coin reverses at the 1.272 extension level. BCH will resume the downtrend if the downtrend line or the support line is broken below. The RSI period 14 level 35 is indicating that the price is falling.

BCH/USD Medium-term bias: Ranging
On the 4-hour chart, the coin is fluctuating between the levels of $200 and $220. The bulls tested and broke the $220 price level but fell back to the range-bound zone. The price is trading below the $227 resistance level; a break is being expected shortly.

BCHUSD - 4 Hour Chart

4-hour Chart Indicators Reading
The market is trading above the 20% range of the daily stochastic. This signifies that BCH is in a bullish momentum. The blue and red lines are trending horizontally indicating that price is fluctuating.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash is still confined within the price range of $200 and $240. Presently, BCH is in a tight range; a break above $227 will move price to the high of $240. Nevertheless, a break below $200 may weaken the coin to a low of $160.

Bitcoin Cash Trade Signal
Instrument: BCHUSD
Order: buy
Entry price: $203
Stop: $175
Target: $241

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Bitcoin Cash (BCH) Set to Bounce, May Face Resistance at $227

Key Resistance Levels: $275, $300, $325
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Ranging
In the last four days, Bitcoin Cash has continued to make an impressive move. In the other previous move, the coin was unable to penetrate the first resistance at $227. It is likely that the bulls are going to face the same resistance level.

The resistance at $227 is the same historical price level in September and October where the market consolidated before an upward movement. We are expecting the market to break the initial resistance. A break at the resistance will push BCH to its previous high of $240. However, the price will continue at the bottom of the chart, if the initial resistance remains intact.

BCHUSD-Daily Chart

Daily Chart Indicators Reading:
The Fibonacci tool indicates that BCH will trade and reverse at the 1.272 extension level. From the price action, the coin has been fluctuating above the 1.272 Fibonacci extension level in the last three months. Meanwhile, the market is in a bullish momentum above the 20% range of the daily stochastic.

BCH/USD Medium-term bias: Ranging
On the 4-hour chart, the market is fluctuating between the levels of $200 and $220. The bulls are yet to break above the first resistance at $227 since November 22. The only attempt was on November 29 where the bulls were resisted and the coin fell back to the range-bound zone.

BCHUSD-4- Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are trending horizontally indicating a sideways move. The coin is approaching Level 50 of the daily Relative Strength Index period 14 which indicates that the coin is rising.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash will continue its range bound movement for a few days as the bulls are yet to break the resistance at $227. The price upward move has been weak because of the lack of sufficient buyers at the demand zone. More buyers will be needed at least to push the price upward.

Bitcoin Cash Trade Signal
Instrument: BCHUSD
Order: Buy
Entry price: $210
Stop: $175
Target: $241

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Bitcoin Cash (BCH) Price Analysis – Despite Recent Gains, Bitcoin Cash Remains Bearish On Near Term

Bitcoin cash has seen a substantial increase over the last 24-hours Bitcoin the mid-year bearish bias has remained dominant for the 4th largest cryptocurrency by market cap. If we can see a strong upward progression, BCH may reach $219 in no time. But looking smartphone the long bearish formation, the price may slip below $200.

Bitcoin Cash (BCH) Price Analysis: Daily Chart – Bearish

Key resistance levels: $227, $240, $280
Key support levels: $201, $192, $176

Bitcoin Cash is still trading well inside the six-month descending channel which means that the bears are still taking charge of the market. Last week, the buyers tried to take over the market but the short-term rebound was rejected at $226 before the sellers resuming pressure. More so, yesterday’s sharp surge is still causing panic amongst traders.

BCHUSD, Daily Chart – December 5

However, the last five days decline may continue towards $201, $192 and potentially $176 support, meeting the lower boundary of the channel.

While the RSI found support on the oversold level, the MACD indicator is moving sideways in the oversold zone to signal an indecisive market. Following this bearish signal, BCH may continue to sell until buyers show strong commitment. However, if Bitcoin Cash shows a sign of strength, the key resistance level to watch out for is $227, $240 and $280.

Bitcoin Cash (BCH) Price Analysis: Hourly Chart – Neutral

Bitcoin Cash faced a lot of bearish momentum since the beginning of the month but has been able to recover from the weekly low $203 yesterday. Currently, BCH is priced at $210 as the market brews for a potential breakout. The triangle formation is currently tightening as a surge in volatility lurks around the corner.

BCHUSD, Hourly Chart – December 5

Looking at the technical RSI and MACD indicators, Bitcoin Cash is showing a sign of bullish formation. Surging above the triangle would allow the buyers to revisit, $212 and $219 resistance. From there, Bitcoin Cash is expected to launch a bull-run if the price can stay above the triangle. However, it may roll back to $203 support if a bearish reaction reoccurs.

BCH SELL SIGNAL

Sell Entry: $212
TP: $204
SL: $215

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Bitcoin Cash Bounces at the Bottom, Will BCH Continues the Upward Move?

Key Resistance levels: $275, $300, $325
Key Support Levels: $200, $175, $150

BCH/USD Price Long-term Trend: Bearish
Yesterday, Bitcoin Cash bearish run was interrupted as the bulls defended the low at $200. This is the third time the bulls will be defending the support at $200 since September. BCH will move up if the price holds at the previous low. Presently, the bull’s defense has kept BCH from further depreciation.

BCH would have depreciated if the selling pressure is allowed unabated. The coin price rise will propel BCH to reach the initial resistance at $241. Nevertheless, if the initial resistance is also subdued, the coin will revisit the price at $300. Meanwhile, the bulls are expected to continue to push the price upward.

BCHUSD-Daily Chart

Daily Chart Indicators Reading:
The BCH previous low is holding as the bears failed to breach the support line of the Channel. The BCH is above level 32 of the daily RSI, indicating that the price is near the oversold region. As the market moves up, BCH will be out of that region

BCH/USD Medium-term bias: Bearish
On the 4-hour chart, the BCH had been trading in a descending channel. The downward move was compelling as the bulls fail to break the resistance at $300 on three occasions. The market formed a bearish triple top before the commencement of the downward fall. The market dropped to a low of $197 and pulled back. It is expected that the pullback will be sustained.

BCHUSD-4-Hour Chart

4-hour Chart Indicators Reading
The BCH is trading above the 25% range of the daily stochastic. The coin is rising and in a bullish momentum. The coin is rising to break the support line, if it does and closes above it, BCH will be an uptrend.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash bounces at the support level of $200. The bulls defended the support to put an end to the bearish run. BCH is likely to fluctuate if the support holds. The RSI is below level 30, traders should look out for buy setup to initiate long trades in anticipation of an uptrend.

Bitcoin Cash Trade Signal
Instrument: BCHUSD
Order: buy
Entry price: $208
Stop: $175
Target: $241

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Bitcoin Cash (BCH) Price Analysis – Bitcoin Cash Remains Bullish But Breakout is Imminent

That last 7 days price variation has been an interesting momentum for Bitcoin Cash after surging from $206 to $306, amounting to a +50% gains. Meanwhile, BCH was rejected at $306 yesterday and the price has now dropped to $274 (a -5.92% losses). However, we can expect the fourth-largest cryptocurrency to continue bullish if $270 can bolster as support. Otherwise, the value may depreciate soon.

Bitcoin Cash (BCH) Price Analysis: Daily Chart – Bullish

Key resistance levels: $306, $335, $358, $370
Key support levels: $270, $250, $242, $206

Last week, we mentioned the triangle breakout but now Bitcoin Cash is shaping inside a descending channel pattern since mid-July. The October 25 rebound at $206 has made BCH record a weekly high of $306 while trading in a channel boundary. Yesterday, the price was rejected at $306 and now looking for support at $270 which was recently rejected.

BCHUSD, Daily Chart – October 31

A daily close below the $270 would bring us to $250, $242 and 206 support in a couple of days. Today, the RSI 70 was rejected to signal a potential reversal, although the MACD has seen a bullish climb which shows that the buyers lurk around the corner. If $270 area can act as support, we may see a bullish continuation to $335, $358 and $370. However, we need to clear the $306 resistance before considering a further rise.

Bitcoin Cash (BCH) Price Analysis: 4H Chart – Bullish

The 4-hour chart is looking bullish but underway for a bearish move. At the time of writing, Bitcoin Cash is testing the ascending wedge’s support at $270.94 following the last 24-hours low volatility which was characterized by doji candles. Meanwhile, the current bearish candle formation has just signalled a bearish footing. Support is likely at $250-$240 areas once we have a clean wedge break-down.

BCHUSD, 4H Chart – October 31

Surging below grey horizontal support might further turn BCH weak at $220 and $210. While the RSI crosses down the mid-band, the MACD is positive but now oscillating towards the zero levels. Alternatively, we can expect a bounce if the wedge’s lower boundary can support the market. The resistance to watch out for is $290-$306 zones, although further buying target lies at $320. For now, Bitcoin Cash remains bullish but a breakout is imminent!

BCH SELL SIGNAL

Sell Entry: $269
TP: $243 / $212
SL: $310

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BCH Holds Support At $204 As Price Volatility Shaky

Bitcoin Cash (BCH) Price Analysis – October 11

Since the beginning of the month, the price of Bitcoin Cash has been stuck in a consolidation circle as a result of late September massive sell, although the market has been bullish on the lower time frame. On October 9, BCH price touched $241 and has now dropped to $227 following the last 24-hours loss of -2.88%. To see a decent price movement, BCH needs to move out of its current consolidation circle as bearish continuation is more likely to continue.

Bitcoin Cash (BCH) Price Analysis: Daily Chart – Neutral

Key resistance levels: $241, $251, $266, $280
Key support levels: $219, $204, $188, $173

Since BCH broke-out of the triangle formation in late September, the market has been subdued with choppy price actions due to the ongoing indecisiveness on the daily chart. Meanwhile, trading volatility has been low over the past few days. If the buyers push price up, we can expect close resistance at $241 and $250. Above this resistance lies $268 and $280.

BCHUSD, Daily Chart – October 11

Considering the last 24-hours price drop, BCH may slip back to $219 and $204 support before creating a new low $188 and $173. As we can see, the RSI is now showing recovery but may likely face resistance at the mid-band. Now, the crypto trading signals an overbought market on the Stochastic RSI – the price is likely to fall if the price drops under the 80 level.

Bitcoin Cash (BCH) Price Analysis: 4H Chart – Bullish

Bitcoin Cash is shaping in an ascending channel on the 4-hour chart, presenting a bullish formation. After making a double-top formation at around $241 resistance, the price is currently falling towards the channel’s support at $222. Once the price tests the mentioned support, a sharp bounce off is likely to occur.

BCHUSD, 4H Chart – October 11

Looking at the RSI, the BCH market is shooting in a downward direction to signal the ongoing selling pressure in the market. It may become heavy if the market drives beneath the channel, testing $216 and $208 support. However, the crypto trading signals a potential buy on the Stochastic RSI as a positive climb may allow buying pressure to $232, $241 and above. As of now, BCH is bullish on a short-term.

BCH SELL SIGNAL

Sell Entry: $229
TP: $222
SL: $235

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