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Posts published in “virtual currency”

Bitcoin Cash Price Analysis: BCH/USD Upsides Capped Near 100 SMA

Key Points        ·         Bitcoin cash price recovered further, but it failed to move above the $540 resistance area against the US Dollar. ·         There is an expanding triangle forming with current support at $492 on the hourly chart of the BCH/USD pair (data feed from Kraken). ·         The pair could bounce back once again, but...

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Bitcoin Cash Price Analysis: BCH/USD Recovering, Could Test $550

Key Points Bitcoin cash price is recovering after finding buyers around the $475 level against the US Dollar. There was a break above a short-term contracting triangle with resistance at $490 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is trading with positive signs, but it is approaching key...

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Bitcoin Cash Price Analysis: BCH/USD Tumbles, Sell on Rallies

Key Points Bitcoin cash price failed to move past the $580-600 resistance and tumbled against the US Dollar. There was a break below a key bullish trend line with support at $500 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair traded below the $475 level and it is currently...

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Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $550

Key Points ·         Bitcoin cash price started consolidating losses after trading to the $540 low against the US Dollar. ·         There is a key connecting bearish trend line formed with resistance at $580 on the hourly chart of the BCH/USD pair (data feed from Kraken). ·         The pair might continue to struggle to break the...

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Bitcoin Cash Price Analysis: BCH/USD Upsides Capped Near $620

Key Points Bitcoin cash price attempted a recovery above the $600 level against the US Dollar. There is a short-term ascending channel formed with support at $590 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could move higher if it holds the $590 support and breaks the $620 resistance....

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Bitcoin Cash Price Analysis: BCH/USD Remains Sell on Rallies

Key Points Bitcoin cash price fell significantly and broke the $600 support against the US Dollar. There is a new contracting triangle forming with resistance near $608 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to resume its downside move once the current correction is complete near...

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Bitcoin Cash Price Analysis: BCH/USD Accelerating Losses Below $700

Key Points Bitcoin cash price declined sharply and broke the $700 and $670 support levels against the US Dollar. Yesterday’s highlighted important bearish trend line prevented gains near $705 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is under a lot of pressure and it could slide further towards...

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Bitcoin Cash Price Analysis: BCH/USD’s Upsides Capped Near $710

Key Points Bitcoin cash price recovered slightly, but it failed to move past $718 against the US Dollar. There is a new connecting bearish trend line forming with resistance at $708 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may perhaps correct a few points, but upsides are likely...

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Bitcoin Cash Price Analysis: BCH/USD Could Recover To $740

Key Points Bitcoin cash price found support near the $684 level and started a recovery against the US Dollar. There was a break above a short-term bearish trend line with resistance at $705 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could continue to trade higher towards the next...

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Bitcoin Cash Price Weekly Analysis: BCH/USD Bearish Below $730

Key Points Bitcoin cash price declined and broke the $730 and $705 support levels against the US Dollar. There is a major bearish trend line formed with resistance at $710 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair has to move above $710 and $730 to start a decent...

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