Bitcoin Cash has suffered a great deal due to the hard fork between ABC implementation and the SV implementation and is struggling to rise to its original price. BCH is currently trading at $193 with a market cap of $3.52 billion.
In the one-hour time frame, BCH shows a downtrend extending from $368 to $200, with no uptrend in this forever lasting bear market. While the support at $225 is broken, new support is formed at $158. The resistance points can be seen holding steady at $368 and $275.
The Parabolic SAR shows a rather positive trend for BCH with the SAR markers spawning below the price candles.
The CMF is below the zero line which indicates that the money inflow is comparatively less than the money outflow.
The Stochastic RSI has shot above the overbought zone in a bullish crossover.
The one-day chart for Bitcoin Cash shows a strong downward movement, with no uptrend in the horizon. Downtrend, however, extends from $1295 to 196. The previous supports have been breached and the prices are in a free fall, but the resistance points can be seen at $907, $651 and $1169.
The Bollinger Bands are in an expansion but the prices have fallen down, below the simple moving average.
The MACD is showing a huge crossover to the bottom, which indicates that prices for BCH are showing a bearish downtrend in the one-day longterm chart.
The Relative Strength Index shows an oversold market for BCH as the prices have tumbled down without any stop.
The SAR and the Stochastic RSI show a bullish trend for BCH in the one-hour chart, while the CMF shows that the money is flowing out of the BCH market. The one-day chart with indicators shows nothing but bearish signs as indicated by the Bollinger Bands, MACD and RSI.
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