Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: Bitcoin Cash (BCH) pauses downside at daily cloud (267.80), bias bearish

Fri, 15 Nov 2019, 10:30 am UTC

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 267.80 (Cloud Top); Resistance: 280.31 (110-EMA)

Technical Analysis: Bias bearish

BCH/USD was trading at 273.48 at 10:00 GMT, down 1.33% at the time of writing.

The pair is trading in the red for the 3rd straight session with scope for further downside.

Price action has broken below 21-EMA support, but is holding above cloud top at 267.80.

Technical indicators are turning bearish. Stochs and RSI are sharply lower. 5-DMA shows bearish crossover on 20-DMA.

Major trend in the pair is turning bullish, but near-term trend has turned bearish.

Break below cloud support will see dip till 50-DMA at 249.20. Retrace above 110-EMA negates bearish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.04.29 18:08:03
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door ???? inbox me for more me on WhatsApp +1(206)-742-5358 thank you to you all and God bless you .
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $11,287.70 (+1.11%)
  • Ethereum (ETH) $392.70 (+2.72%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $294.51 (+1.72%)
  • Bitcoin SV (BSV) $228.81 (+4.08%)
  • Bitcoin (BTC) $11,287.70 (+1.11%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
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.