|$BCHABC Price Change|
Not dead yet
— Barry Silbert (@barrysilbert) December 18, 2018
The Bitcoin Cash three day trend is up. It was just a short week ago when Bitcoin Cash was on a multi quarter bearish downtrend from its last rally high in early May 2018. The last rally saw $BCHABC cap out at $1,726.54. Bitcoin Cash fell to a low of $74.02 on December 14 2018. It is arising from this multi quarter, yearly, and all time low – on a Christmas bull rally – that $BCHABC registers the phenomenal twenty-four hour change of 33.29% we see today.
[Trend is "up" when the three day price movement is predominantly upwards.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
Tap / click to zoom:
Moving Average Convergence Divergence (MACD)
The MACD on the one day chart is strongly bullish. All of the chart hourly periods from one hour to one day register strongly bullish states.
Exponential Moving Averages (EMA)
On the six hour chart we see the bullish cross at four in the morning today as the short term EMA(7) moves above the medium term EMA(25). The angle of ascent is poised to cross the long term EMA(99). This is a bullish state.
Relative Strength Index (RSI)
The Relative Strength Index on the four hour chart is 86.7. This is an overbought state.
On the one day chart the RSI is 55.6 which is a neutral state. The six hour chart is also overbought and we are seeing more than a $5 price pullback as this report is written.
Bitcoin $BTC Price Modifier
The 24 hour Bitcoin $BTC change is 7.42%. This may exert a bullish influence on Bitcoin Cash today.
Bitcoin Cash $BCHABC Price Outlook
- the Bitcoin Cash $BCHABC price outlook is bullish
- if the price finds acceptance at higher levels the immediate resistance prints at $145.00
- if the price finds acceptance at lower levels the immediate support prints at $109.75
The author does not hold Bitcoin Cash $BCHABC at the time of writing.
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