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Bitcoin Cash $BCH Forecast: Friday Edition: Bearish

August 10 2018 19:28 UTC

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This edition features popular Bitcoin Cash $BCH technical analyses from @NewsBTC, @Cointelegraph and @Investingcom. Or jump right to today’s Bitcoin Cash $BCH Forecast.

@NewsBTC Analysis

View: bearish

bearish

Dalmas Ngetich of @NewsBTC enlightens "For some reason, fundamentals and technical chart formations are diverging. Here, Bitcoin Cash (BCH) sellers continue to wreck havoc even with announcement of key developments within the platform [and] Bitcoin and BCH have a direct price relationship and both are struggling to stay afloat"
Published: August 9, 2018 | 2:00 am

@Cointelegraph Analysis

View: bearish

bearish

Rakesh Upadhyay of @Cointelegraph contemplates "The RSI is close to the oversold levels, which is likely to result in a pullback. Therefore, we anticipate a strong support between $537.8221 and $619.7510 [and] The BCH/USD pair has a history of vertical rallies, therefore we might suggest a long position as soon as we find its trend changing from down to up."

@Investingcom Analysis

View: bearish

bearish

Automated Signal of @Investingcom discerns "Bitfinex data / Daily timeframe: Moving Averages:Strong Sell, Technical Indicators:Strong Sell"
Published: August 10 14:55:07 – Real-time Data

Bitcoin Cash $BCH Forecast

on Friday August 10 2018 19:28 UTC

bearishbearishbearish

The crypto pundits say: “bearish/bearish/bearish/”.

All three experts weigh in with bearish views. However in general the price is not as bad as some feared and, although struggling, $BCH is very much afloat and with an upside potential.

Affordable Global Transactions
We feel it is important to say that the price of transactions on the blockchain is an important consideration for universal adoption of the new bankless banking. $BCH offers attractive characteristics for delivering affordable global transactions – regardless of whose side of crypto politics you choose.

At press time the Binance $BCH last price is $591.60. The 24 hour change is down -16.41 or -2.70% on a 24 hour volume of 32,066,892.83 USDT.


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author does not hold Bitcoin Cash $BCH at the time of writing.

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