Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BCH/USD extends choppy trade along 20-DMA, bias bearish

Tue, 15 Oct 2019, 11:22 am UTC

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 214.15 (Lower BB); Resistance: 236.18 (21-EMA)

Technical Analysis: Bias Bearish

Bitcoin Cash resumes range trade, after recovery attempts failed at 21-EMA.

BCH/USD was trading at 225.56 on the day, down 1.06% at 11:00 GMT.

Volatility is extremely low and the pair is set to show a breakout which could provide a clear directional bias.

Major trend in the pair is bearish. Break below strong support at 208.15 (rising trendline) to plummet prices.

21-EMA is major resistance at 236.18, decisive break above required for further gains.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,946.80 (-0.25%)
  • Ethereum (ETH) $381.57 (-0.44%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $230.47 (-1.82%)
  • Binance Coin (BNB) $26.96 (-1.05%)
  • Bitcoin (BTC) $10,946.80 (-0.25%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft