Trade Attempts Downsizing – February 19
It has been on the BCH/USD market financial operations that the crypto-economic trade attempts downsizing at a higher resistance path of the smaller SMA trend line. The percentage rate of the crypto market is at a negative of 0.23 as the price trades between $316 and $305.
Trade Attempts Downsizing: BCH Market
Key Levels:
Resistance levels: $350, $400, $450
Support levels: $250, $200, $150
BCH/USD – Daily Chart
The BCH/USD daily chart reveals the crypto-economic trade attempts to downsize. Price seems to respond to a falling force around the trend line of the smaller SMA. The 50-day SMA indicator is above the 14-day SMA indicator. The bearish channel trend lines drew southward, indicating a continual bearish trading condition. The Stochastic Oscillators face the southward direction trying to penetrate the oversold region.
Is there any trading sign suggesting the possibility of change from the bearish trend as the crypto trade attempts downsizing?
There has been no tangible trading sign suggesting the possibility of a direction change from the current bearish trend as the BCH/USD trade attempts downsizing more on a lighter from the trend line of the 14-day SMA. Buying position signal has not taken a form as there is still a need for some smaller-downs to play out closely toward the lower bearish channel trend line drawn before the crypto economy can support in the long run.
On the downside of the technical analysis, the BCH/USD market short-position placers have to solidify their stances against any price up-surging effort around the $300. The downward force bags low-active motion to the extent that joining the move appears difficult. Therefore, traders may stay off the market at this point for a while. But, investors may hold their portfolio and even endeavor to buy more while price dips more lowly.
BCH/BTC Price Analysis
In comparison, Bitcoin Cash’s trending capability against Bitcoin has continued to respond to a falling force beneath the trend lines of the SMAs. The 14-day SMA indicator is below the 50-day SMA indicator. The bearish trend line drew, affirming the intensity depth of the falling force. The Stochastic Oscillators have slightly moved down to continue moving in a consolidation manner within the overbought region. It appears that the base crypto tends not to have a stronger stance against the counter-trading crypto in the subsequent sessions.
Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider.
Read more:
Check live crypto rates here
Start trading today – See our list of exchanges
I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to create my own blog and would like to know where u got this from. many thanks
Hello, i think that i noticed you visited my web site thus i got here to “return the want”.I’m attempting to in finding things to improve my web site!I guess its adequate to use a few of your concepts!!
I believe this website holds some rattling good information for everyone : D.
Yay google is my king helped me to find this great site! .
I really like your writing style, fantastic info, thanks for posting :D. “God save me from my friends. I can protect myself from my enemies.” by Claude Louis Hector de Villars.
Some really marvelous work on behalf of the owner of this internet site, utterly great subject material.
Please let me know if you’re looking for a article author for your site.
You have some really great posts and I believe I would be
a good asset. If you ever want to take some of the load off, I’d love to write some articles
for your blog in exchange for a link back to mine.
Please blast me an email if interested. Cheers!
After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.
I found your blog website on google and examine a few of your early posts. Proceed to keep up the excellent operate. I simply further up your RSS feed to my MSN News Reader. Seeking forward to studying more from you later on!…