Bitcoin Cash [BCH] Price Analysis: Bulls push for short-term consolidation

Bitcoin Cash marginally gained against the US dollar by 0.35 percent and was trading at $128.01, at press time. The market cap of the coin stood at …

Trading View

Bitcoin Cash’s one-hour chart showed two sets of downtrends and a single uptrend. Bitcoin Cash dropped from $133.97 to $130.59, and later from $130.74 to $127.9. Following these downtrends, the coin rose back up from $125.95 to $128.28, showing signs of stabilization.

The immediate support level of the coin stood at $125.14. Bitcoin Cash found immediate resistance at $128.30.

The Bollinger Bands pointed to a decline in the coin’s volatility as the price looked to stabilize. The Moving Average line indicated a bearish market.

The Chaikin Money Flow tool indicated a rise in cash inflow into BCH tokens, as the CMF line was above 0.

The Awesome Oscillator indicated an increase in the market’s short-term momentum. However, the concluding bars were red and minor, suggesting bearish activity with low severity.

1-day

Source:Trading View

The one-day chart saw two notable movements in opposite directions. Bitcoin Cash enjoyed an uptrend in February, pushing the price from $128.03 to $152.76. Post the uptrend, the coin dropped from $153.15 to $132.65.

Bitcoin Cash found immediate support at $118.42, which the coin dipped below in early February. The immediate resistance level of the coin stood at $153.

The Parabolic SAR showed a bearish phase for the coin as the dotted markers were above the coin’s trend line.

The Relative Strength Index indicated that investor interest was on a decline, with the RSI dropping from 69.04 to 47.73.

The MACD pointed to a bearish market as the MACD line was below the Signal line.

Conclusion

With low volatility and positive money inflow, the bulls look to bless the BCH market in the short term. In the long-term, the bears still ruled as investor interest was declining, with both the Parabolic SAR and the MACD pointing to incoming bearish activity.


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Bitcoin [BTC] Price Analysis: Coin awaits fall as bulls leave market

Bitcoin [BTC] was stagnating for the past few days, but avoided a major decline in its price. On 12 March, the coin managed to report minimal growth, …

TradingView

The one-hour chart for BTC noted an uptrend from $3,849.01 to $3,928.91, which was immediately followed by a downtrend from $3,928.92 to $3,854.10. The token noted resistance at $3,909.75, and support at $3,808.34.

Bollinger Bands marked a bearish market as the moving average line was over the candlesticks. The bands appeared diverged, suggesting increasing volatility in the market.

Awesome Oscillator indicated strong bullish momentum.

Chaikin Money Flow indicated a bearish market, as the marker was under the zero-line.

1-day

Source: TradingView

The one-day chart for the largest token traced a massive downtrend from $7,359.99 to $4110. However, a minimal uptrend was noted as well, with the coin’s price moving up from $3,184.28 to $3,692.36. The token noted resistance at $4,110, and support at $3,344.

Parabolic SAR marked a bearish reign for the coin as the markers were aligned above the candlesticks.

MACD line was under the signal line and pointed towards an imminent vermilion market.

Relative Strength Index indicated that the buying and selling pressures had evened each other out.

Conclusion

According to indicators on the one-day and one-hour charts, a bearish market was forecasted for the king coin.


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Bitcoin Cash [BCH] Price Analysis: Bears stall coin’s recovery

Bitcoin Cash [BCH] managed to hold on to the sixth position in the market as Binance Coin’s [BNB] bull run fell just short of the Bitcoin [BTC] hard fork.

Trading View

The one-hour Bitcoin Cash trading chart showed an uptrend between two prominent downtrends. The uptrend stretched from $124.34 to $133.99. The first downtrends extended from $132.54 to $129.55, followed by a second downtrend from $133.79 to $131.04.

Bitcoin Cash found immediate support at $126.16, which the coin was well above. The immediate resistance level of the coin stood at $134.05, and was expected to be breached if the bulls took charge of the coin.

The Bollinger Bands showed a drop in the coin’s volatility as price movement was fairly stable, while the Moving Average line indicated a minor bullish market.

The Chaikin Money Flow tool showed a decline in the money inflow into the BCH market as the CMF line was below 0.

The Awesome Oscillator showed a decrease in short term momentum. However, since the concluding bars were green, bullish sings were indicated.

1-day

Source:Trading View

Bitcoin Cash’s one-day trend line pictured the coin in recovery mode since the late-February bears. The uptrend leading up to the same was from $128.03 to $152.72, while the downtrend pushed the coin’s price down from $153.15 to $132.35.

The coin found immediate support at $118.42, while the immediate resistance level for Bitcoin Cash in the long-term was $134.74, which the coin was inching close to.

The Parabolic SAR showed a mild bearish trend as the dotted markers were below the coin’s trend line.

The MACD indicated that the bears edged out the bulls as the Signal Line was above the MACD Line.

The Relative Strength Index pointed to a slight dip in investor interest, as the RSI fell from 52.62 to 50.61.

Conclusion

Bitcoin Cash will be buoyed by the collective market bulls as the coin’s road to recovery continues. The price movement for the coin was erratic, with no significant highs or lows. In the short term, low volatility and a decrease in the short term momentum and money inflow was projected. The long-term indicators pointed to a mild fall in investor interest with bearish signs imminent.


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Bitcoin [BTC] Price Analysis: Bears feed on fallen coin as bulls abandon market

Bitcoin [BTC] has been going through a consistently evolving bear market. At press time, BTC was valued at $3,903.31 with a market cap of $69 billion.

Source: Trading view

The one-day chart of the coin noted two downtrends which extended from $6,188 to $3,774.99 and $6,511.88 to $3,947.33. There were no significant uptrends marked on the one-day chart of BTC, but a minuscule rise in price was noted from $3,358.99 to $3,700.02. The coin traced resistance at $4,110 and support at $3,358.99.

Parabolic SAR marked a bearish market as the markers had aligned above the candlesticks.

MACD line was under the signal line after a crossover and marked a bearish market.

Relative Strength Index indicated that the buying and selling pressures had evened each other out.

Conclusion

According to the indicators from the one-day and one-hour chart, a bearish trend was forecast for the largest cryptocurrency.


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Mogo Finance Technology Inc (MOGO.TO) Closes Above Its Parabolic SAR

Shares of Mogo Finance Technology Inc (MOGO.TO) are on watch as they closed the most recent session above the Parabolic SAR line. The current …

Shares of Mogo Finance Technology Inc (MOGO.TO) are on watch as they closed the most recent session above the Parabolic SAR line. The current level of the shares currently stands at 3.38 at the time of writing.

The main usage of the Parabolic SAR is for trailing stops and exit points. The principle of trading using this indicator is easy. A long position should be maintained as long as the indicator is moving above the price levels, whereas a short position – while it is below them. In addition, when the SAR changes its direction and crosses the price levels, not only the current position should be closed, but it is suggested that the opposite one should be opened at the same price levels.

However, it should be used only when the market has the defined trend (around 30% of the time) and is smoother. When the trend is absent or the market is volatile, this system generates a lot of incorrect signals. Moreover, the indicator should be adjusted depending on the characteristics of the underlying shares.

As we move deeper into the year, investors will be paying attention to which companies are well-positioned for future growth. Even if the current earnings reports are a mixed bag, investors can study which industries look they are taking the top spot. Many active investors may be focusing on which way estimates are trending heading into the company earnings release. Analysts will often make updates to projections shortly before and after the earnings numbers are provided. Many active investors may enjoy the volatility that comes with trading around earnings, but others will choose to let the heavy action pass before deciding which stocks to buy or sell next.

Currently, Mogo Finance Technology Inc (MOGO.TO)’s Williams Percent Range or 14 day Williams %R is resting at -8.70. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Mogo Finance Technology Inc (MOGO.TO) presently has a 14-day Commodity Channel Index (CCI) of 126.31. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Checking on another technical indicator, the 14-day RSI is currently sitting at 66.24, the 7-day rests at 74.90, and the 3-day is presently at 77.38 for Mogo Finance Technology Inc (MOGO.TO).

The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

Moving average indicators are commonly tracked by technical stock analysts. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 3.70, and the 50-day is 3.10. The 14-day ADX for Mogo Finance Technology Inc (MOGO.TO) is standing at 21.16. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Investors may be searching for various types of stocks to help diversify the portfolio. Growth stocks include shares of companies that may have the possibility of generating higher than average profit growth and revenues. These companies tend to pump earnings back into the business, and they generally expand quicker than the overall economy. Although growth stocks can be a bit riskier, they can also provide a higher level of reward down the line. Cyclical stocks consist of companies that typically will ride the wave of the overall economy. These shares tend to perform well when the economy is doing well and perform poorer when the economy is faltering.

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