Bitcoin Cash Price Outlook – BCHUSD In The Oversold Region

In this the Bitcoin Cash price outlook, BCHUSD is in the oversold region of the daily stochastic while above the 20% range, an indication that the pair …

In this the Bitcoin Cash price outlook, BCHUSD is in the oversold region of the daily stochastic while above the 20% range, an indication that the pair is in a bullish momentum.

Bitcoin Cash Price Outlook

BCHUSD Price Chart

Bitcoin Cash (BCH) price was in a bullish trend yesterday to retest the overhead resistance level. From the price action, Bitcoin Cash price is below the 12-day and the 26-day Exponential Moving Average (EMA) after the downward correction. On the upside, if BCH bulls break above the EMAs the Bitcoin Cash price will rise to retest the $440 overhead resistance level. On the downside, if bulls are unable to break above the EMAs, the Bitcoin Cash price will drop and range below the EMAs.

From the Fibonacci retracement tool, Bitcoin Cash price is not yet in the support level of the 0.382 Fib. retracement level. BCH bulls have to break above the EMAs for the price to be in the continuation zone of the Fib. retracement level. In the meantime, the Bitcoin Cash price is in the oversold region of the daily stochastic while above the 20% range, an indication that the price is in a bullish momentum and buy signal.

BCHUSD Price Short-term Outlook

BCHUSD Price Chart

As the 1-hour chart shows, BCHUSD price is in a bearish trend zone. The 12-day and the 26-day EMAs are trending southward after BCH bulls met resistance at $436 overhead resistance. On June 17, BCH bulls met resistance twice, as a result. BCHUSD price dropped below the EMAs to a low at $404 price level. In the meantime, the BCHUSD price is in the oversold region of the daily stochastic while above the 40% range. This implies that BCHUSD price is in a bullish momentum and buy signal.

  • Resistance Levels: $420, $430, $440
  • Support Levels: $410, $400,$390

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The Information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

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Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Bulls are back in the game

Cryptocurrency bulls are back in the game after a short-lived break. The total capitalization of all digital assets in circulation jumped to $188 billion …
  • Cryptocurrencies are recovering losses.
  • Ethereum is the growth leader of the day.
  • Here are the levels to watch according to the Confluence Detector.

Cryptocurrency bulls are back in the game after a short-lived break. The total capitalization of all digital assets in circulation jumped to $188 billion from $184 billion during early Asian hours. Bitcoin, the most popular digital asset, stopped within a whisker of critical $6,000 and set a new high of 2019 at $5,963. By the time of writing, BTC/USD returned to the area below $5,900, gaining 3.5% on a day-on-day basis.

Meanwhile, Ethereum is the best performing cryptocurrency of the day with over 10% of gains. THe positive momentum is created by a combination of technical factors coupled with the improved sentiments. Thus, the US CFTC sources said that the regulator is ready to approve ETH-based futures. Once it happens, crypto ETFs will have improved chances to get a go from the SEC.

Now that major cryptocurrencies moved to the new ranges, its time to consider new technical barriers

So, what levels should we watch?

This is what the Crypto Confluence Detector shows in its latest update:

BTC/USD aims at $6,000

BTC/USD has very little in terms of strong resistance areas located above the current price. We have a confluence of SMA5 (1-hour), 161.8% Fibo projection and a middle line of 15-min chart on approach to $5,900. Once it is cleared, the recovery may be extended towards psychological $6,000 with Pivot Point Week R1, the previous 4-hour high and Pivot Point day R3 below the said barrier.

On a trip to the South is riddled with strong technical levels. First, BTC bulls will have to take the price below $5,800, created by the upper line of 1-day Bollinger Band.

The next support awaits us at $5,650. This is a strong obstacle propped by 23.6 Fibo retracement weekly and 38.2% Fibo retracement daily.

The ultimate support lies below $5,300 (SMA200, 4-hour and 23.6% Fibo retracement monthly.

ETH/USD defies gravity and beats the market

Ethereum tested $184.00 handle during early Asian hours. While the price retraced to $179.00 by the time of writing, the coin continues moving within a strong bullish trend. Considering the downward-looking RSIs on intraday intervals, ETH is vulnerable to the downside correction with the first aim at $175.50-$175.70 (midline of 1-hour Bollinger Band, 23.6% Fibo retracement monthly and daily, and Pivot Point 1-week Resistance 1.

A sustainable move below will open up the way towards psychological $170.00 and to the next technically important barrier at $168.00. It is created by a confluence of SMA50 and SMA100 1-hour, 23.6% Fibo retracement weekly and 61.8% Fibo retracement daily.

Meanwhile, the area below $166.00 contains SMA100 and SMA50 (4-hour), SMA200 1-hour, lower line of 1-hour Bollinger Band and 38.2% Fibo retracement weekly,

On the upside, the key resistance awaits above $187.00 (previous month high and Pivot POint 1-month Resistance 1).

XRP/USD lingers above $0.30

Ripple, currently at $0.3070, is well supported by $0.3050. This barrier used to be a resistance area, now it serves as a support, created by a confluence of of SMA10 and SMA50 (4-hour), SMA200 and SMA50 (1-hour), DMA10 and 38.2% Fibo retracement daily, lower line of 1-hour Bollinger Band.

Psychological $0.30 with the lower boundary of 4-hour Bollinger Band separates us from $0.2930 (Pivot Point 1-day Support 2 and the previous week low).

On the upside, a strong resistance is created by $0.3100 with a number of technical levels clustered on approach. The include SMA100 1-hour and 4-hour, 23.6% Fibo retracement daily and 38.2% Fibo retracement weekly

Once it is out of the way, the recovery may be extended towards $0.3130, protected by the middle line of 1-day Bollinger Band and upper line of 4-hour Bollinger Band. The next upside barrier awaits the coin on approach to $0.3200 with 61.8% Fibo retracement monthly.

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Sally Ho’s Technical Analysis 6 May 2019

BCH/USD (Bitcoin Cash/ US dollar) was unable to sustain early gains during today’s Asian session, declining to the 284.66 area after trading as high …

Bitcoin

Bitcoin (BTC/USD) reversed course and found some buying pressure during today’s Asian session with the pair climbing higher to the 5782.22 level after drifting sideways during yesterday’s European and North American sessions. Today’s intraday high was right around the 76.4% retracement of the move from 5831.39 to 5627.35 and a break above this area will open up the 5808.45 level, representing the 50% retracement of the 8488.00 – 3128.89 range.

Yesterday’s pullback in BTC/USD saw the market move lower around the area that represents the 38.2% retracement of the move from 5265.61 to 5846.88. If the market is able to move through recent upside congestion, technical Resistance around 5941.26 may be encountered, representing the 76.4% retracement of the 6810.00 – 3128.89 range.

Price activity is nearest the 50-bar MA (4-hourly) at 5399.11 and the 50-bar MA (Hourly) at 5709.54.

Technical Support is expected around 5468.57/ 5234.73/ 5125.13 with Stops expected below.

Technical Resistance is expected around 5941.26/ 6393.93/ 6440.82 with Stops expected above.

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

Ethereum

Ethereum (ETH/USD) was unable to sustain gains early in today’s Asian session with the pair declined from the 163.40 level, right around the 50% retracement of the recent move from 169.26 to 157.28. Minor Stops were elected below the 157.63 area late in yesterday’s North American session, representing the 50% retracement of the move from 146.00 to 169.26. The pair continues to orbit the 100-bar MA (4-hourly) and has moved above and below several times over recent days.

On the upside, ETH/USD will need to contend with targets such as 164.68/ 166.43 in a move to establish new recent highs. Traders are also interested to see how the pair will react around the 168.47 level, the 61.8% retracement of the move from 222.78 to 80.60. Above that area, the 172.88 area remains technically relevant, representing the 38.2% retracement of the 322.16 – 80.60 range.

Price activity is nearest the 100-bar MA (4-hourly) at 162.27 and the 100-bar MA (Hourly) at 161.33.

Technical Support is expected around the 154.89/ 151.49/ 146.00 levels with Stops expected below.

Technical Resistance is expected around the 169.26/ 172.88/ 183.33 levels with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

Litecoin



Litecoin (LTC/USD)
tested a key technical level early in today’s Asian session and then came off, unable to move above the 76.66 level which is right around the 61.8% retracement of the move from 83.90 to 64.86. The area also coincides with the 38.2% retracement of the 81.50 to 73.50. The pair continues to trade above its 100-bar MA (4-hourly) and bounced above the 74.38 level during yesterday’s North American session, the 50% retracement of the 83.90 – 64.86 range.

If the pair is going to test technical Resistance on the upside, it will need to get through levels such as 77.50 and 78.44 before encountering more important targets such as 81.55 and 82.38. On the downside, areas such as 73.18 and 71.22 represent short-term technical Support. Chartists also note the 50-bar MA (4-hourly) is around 72.57 and bullishly converging with the 100-bar MA (4-hourly), now around 74.15.

Price activity is nearest the 100-bar MA (4-hourly) at 74.15 and the 100-bar MA (Hourly) at 75.14.

Technical Support is expected around the 70.56/ 67.23/ 64.36 levels with Stops expected below.

Technical Resistance is expected around the 81.55/ 83.97/ 86.51 levels with Stops expected above.

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

Bitcoin Cash

BCH/USD (Bitcoin Cash/ US dollar) was unable to sustain early gains during today’s Asian session, declining to the 284.66 area after trading as high as the 297.39 level during yesterday’s North American session. Notably, yesterday’s high was right around the 38.2% retracement of the 659.00 – 73.22 range and the market has so far managed to remain above the 283.51 level today, representing the 38.2% retracement of the move from 310.00 to 267.75.

In recent sessions, the 298.88 level has been toppish, just below the 76.4% retracement of the aforementioned range. A move above this area will open up a possible test of the 305.74 level, representing the 61.8% retracement of the move from 349.99 to 227.40.

Price activity is nearest the 200-bar MA (4-hourly) at 278.62 and the 50-bar MA (Hourly) at 282.71.

Technical Support is expected around the 265.55/ 240.89/ 227.40 levels with Stops below.

Technical Resistance is expected around the 309.00/ 314.12/ 335.00 levels with Stops above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

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Bitcoin Cash BCH price analysis, 5 May 2019; stable at $290 after rally

Bitcoin Cash is a cryptocurrency developed because some developers wanted to modify bitcoin a little bit. The original bitcoin has a very small and …

Bitcoin Cash is a cryptocurrency developed because some developers wanted to modify bitcoin a little bit. The original bitcoin has a very small and limited block size which was starting to seem like a problem.

To tackle the issue of limited and small block sizes bitcoin cash was created. The initial motivation to create it was to increase bitcoin’s block size limit. The new fork was put into practical use on August 1st, 2017.

Right now the crypto market is going through great times with most coins in the green. The BCH/USD pair has shown a fourteen percent increase (14.4%) since May 2nd,2019. The current resistance levels of Bitcoin Cash stand at two hundred and ninety dollars ($290) mark.

Bitcoin Cash BCH price analysis, 5 May 2019; stable at $290 after rally 2

Bitcoin Cash (BCH) price chart created with Trading View

The fourteen percent increase (14.4%) raised Bitcoin Cash’s trading price from two hundred and sixty-four dollars ($264.35) to three hundred and two dollars ($302).

As of now, no new resistance levels are being anticipated that will help the price increase more than this. If the market momentum increases then the price is expected to hit the three hundred and fifteen dollars ($315) mark.

The support levels are settled somewhere between the range of two hundred and eighty-one dollars to two hundred and ninety dollars ($281-$290).

The range of two hundred and eighty-nine dollars to two hundred and ninety dollars ($289-$290) has a simple moving average (SMA) of five, fifty and ten along with a twenty-three percent Fibonacci retracement level.

The two hundred and eighty-one dollars and two hundred and eighty-four dollars ($281-$284) show Fibonacci retracement level of twenty-three percent (23.6%) and thirty-eight percent (38.2%)

The range of two hundred and eighty-one dollars to two hundred and eighty-three dollars ($281-$283) shows the Fibonacci retracement level of thirty-eight percent (38.2%) monthly.

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ETH Price Prediction: $190 Target? Easy-Breezy! How to Earn on Ethereum’s Ups and Downs?

If you look at the Bitfinex news, and the exchange rate of USDT/USD, which is actually trading at around 1.05, you can conclude that Ethereum’s …

While Ethereum is keeping steady at around $170, traders start making plans on how to profit from its price fluctuations. Want to join the rows of ETH traders? Read ETH price predictions from tradingview to find out when is the right time to buy and sell, and how high ETH will grow.

Big move is coming

ETH is deciding on its next move

Looking at both the price and RSI graphs, we can conclude that Ethereum is aiming for an uptrend. However, there’s something happening to the market that influences Ethereum’s price. If you look at the Bitfinex news, and the exchange rate of USDT/USD, which is actually trading at around 1.05, you can conclude that Ethereum’s current price is not $169 but actually $169/1.05 dollars.

BFCMInvest believes that Bitfinex and Tether will solve the issue and the USDT/USD rate will come back to 1.00, but it’s probable that right now it will ramp up to 1.07/1.08. This means that the price of Ethereum on Bitfinex is expected to go up 3% only because of Tether’s price.

Now let’s take a look at the price graph: we have a dynamic support that comes from the start of March, and the dynamic resistance that is valid since the start of April. It means we will see a breakout in one direction. From the technical side, we should bet on the upper break, but from the fundamental analysis standpoint, it’s more likely to break on the downwards.

Buy at $158, sell at $190

Time to enter the trading!

So how to trade Ethereum? Trader druumabb will explain it to us.

Last time when traders used stop loss, the amount of investment was increased by x2. There was a false breakdown and now a new top will be updated.

It has struck and closed higher on Daily chart.

Buy = $158.75

Take Profit = $190.00

Stop Loss = $142.75

Take Profit (x5 Leverage) = +98.45%

Stop Loss (x5 Leverage) = -50.40%

Ethereum will reach $190 somewhere by the middle of May.

Drop is inevitable?

ETH will drop to $158

ETH/USD is testing our first resistance at $172.99 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a corresponding drop in price to our major support level at $158.53 (horizontal swing low support, 61.8% Fibonacci retracement).

Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries a high risk, so do not enter this kind of trade if you’re unsure about your possibilities and budget.

Double bottom or bear flag?

ETH shouldn’t drop below $155

The market is at a turning point for Ethereum, and now it seems like it’s going to keep this one short.

According to botje11, we have 2 options here: it’s either a bear flag or a double bottom. For the double bottom, we need to see it move inside of a small bull flag as we can see on the left. So it needs to stay close against the neckline of the W bottom for a while, maybe a few hours. If that happens, a break upwards is very likely to happen.

If we see rejection at the current level and drop again below $155 then the bear flag option will become much more likely to happen.

It’s hard to say for sure what exactly will occur. For the bullish scenario, we should play it safe and wait a while to see that small bull flag play out first. Because then your chances go from 50/50 to almost 80/90%. For the bears, it’s more difficult, because if it starts to drop it will likely continue to drop.

The user himself prefers the bullish outcome, but only if BTC can hold current levels. The prediction would be much easier if we didn’t have that Finex issue hanging over the market. But feels like most already forgot about it. Tether is also on its way up again, which is good.

The bull flag played out perfectly, going sideways for a few hours around the resistance and as mentioned, increasing the chances a lot when showing some patience and having the odds in your favor. In the short term, we could see a test of the neckline again, we should NOT drop below that neckline anymore around 156!

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