21, a notable short spike occurred, and the 14-day SMAs trend-line was breached northwards above the price territory of 500. The strong bearish pressure pushed price down to 739.21 in the demand area below the two EMAs. Its an ideological difference and sticking to code attitude that spawns all this but needless to say, these two dont complement each other. Bchusd is ranging and trading between 161.91 in the upper supply area and at 152.45 in the lower demand area of the range. More journey downward may be expected as the bearish momentum bitcoin einkaufen increased in the short-term. Fitting stops should be at Aug 2018 lowsat 450 and first targets at the break out levels at 600. About two days ago, price action has now been hovering around the high price point of the last sudden spike in the market of this cryptocurrency. The strong bullish momentum was increased pushing BCH initially to 449.9 in the supply area. The strong bullish pressure broke the 459.80 in the upper supply area with a large bullish engulfing candle.
The bullish momentum at the opening that pushed price to 708.19 in the supply area faded away at the 50-day EMA. The coin was further down to 506.40 in the demand area. BCH dropped to 448.00 in the demand area earlier today. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area with good reversal candle formation before placing a trade. A flip is also on the card and that will put extra pressure on ABCs hash rate as miners would probably switch camp in seek of profit. They lost momentum to the bulls in this area.
Org, is worried about Jihan Wus inactivity in Twitter and other social media outlets. Bitcoin Cash (BCH) Daily Price Forecast: July 18, 2018 BCH/USD Medium-term Trend: Bullish Supply zones: 1000, 1100, 1200 Demand zones: 600, 500, 400 Bitcoin Cash continues in a bullish bitcoin replica coin trend in the medium term outlook. Although the 1-hour opening candle is bullish as the strong bears' pressure pushed bchusd down to 608.4 in the demand area earlier today. Any price thrusts above 600 invalidate this trade plan. The 4-hour opening candle is bullish at 463.70 and BCH was up 476.20 earlier today in the supply area as the cryptocurrency ranges. Bitcoin Cash (BCH) Daily Price Forecast: Sept 14, 2018 BCH/USD Medium-term Trend: Ranging Supply zones: 800, 900, 1000 Demand zones: 300, 200, 100 BCH continue ranging in its medium-term outlook. Price was down to 516.10 in the demand area below the 10-day EMA. Bitcoin Cash (BCH) Daily Price Forecast: July 31, 2018 BCH/USD Medium-term Trend: Ranging Supply zones: 1000, 1100, 1200 Demand zones: 600, 500, 400 BCH remains is in consolidation in the medium term outlook. Todays 1-hour opening candle at 164.03 was bearish as the downward momentum was sustained. Read : Roger Ver Praises Bitcoin Cash Usage Uptick in Japan, Only to Relate It to BCHs Superiority over BTC However, since the market began rallying on April 1, Bitcoin Cash has been one of the best performing coins.