The Hourly View for BCH

Last Updated October 8, 2020, 01:036 GMT

At the time of this writing, BCHs price is down $-0.29 (-0.13%) from the hour prior. The hourly chart shows that BCH has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Of note is that the 50 hour changed directions on BCH; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

The back and forth price flow continues for Bitcoin Cash, which started today off at 223.15 US dollars, up 1.54% ($3.38) from the previous day. This move happened on lower volume, as yesterdays volume was down 44.28% from the day before and down 24.53% from the same day the week before. Bitcoin Cash outperformed all 7 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! The daily price chart of Bitcoin Cash below illustrates.

Notably, Bitcoin Cash crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Also of note is that on a 14 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin Cashs price has gone down 5 of the previous 10 trading days.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

The last time someone asked me my opinion on a crypto chart (had about 75% of their savings in it) was 2017-18 bitcoin cash at about 1500. Told them i thought it would hit mid to low 200s and that I would take my profit and run. He argued all the reasons why i was wrong

The year is 2035: All office jobs are now work from home, with former office buildings being converted into low-rent housing. Every day is another data breach, but everything is public anyway. Your boyfriends toaster gets hit with ransomware. Bitcoin Cash still isnt popular.

@rogerkver @BitcoinCashA yes. Thank you @deadalnix Amaury Sechet and ABC for all the real work you have done and will continue to do for Bitcoin Cash as P2P Digital Cash. And thanks for your efforts too Roger Ver. No one really knows how much youve suffered, do they.

As for a news story related to Bitcoin Cash getting some buzz:

Bitcoin Cash BCH Hard Fork Scheduled For Nov 15, 2020, What you Need To Know?

Once again the community becomes oppose to the consenses between miners and developers, so again hard forking the BCH blockchain and slipping into a new chain will occur to distribute another BCH forked copy to the holders of parent BCH.This hard fork will seem like short benefits to the holders of BCH on the snapshot of Hard fork time.

Go here to see the original:

Bitcoin Cash (BCH) Closes Last Hour Down $-0.29; Breaks Above 20 Day Average, Price Base in Formation Over Past 14 Days, is Inching Close to 20 Day...