Archive | daytrading

Bitcoin Cash Price Technical Analysis – BCH/USD To Make Next Move

Key Points Bitcoin cash price is trading above the $1,500 support and is preparing for the next move against the US Dollar. There is a short-term contracting triangle forming with resistance at $1,540 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is likely to break the triangle resistance at $1,540 and […]

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Short-term Support

Key Points Bitcoin cash price after a nice upside move found sellers near the $1,600 level against the US Dollar. There was a break below a short-term bullish trend line with support at $1,520 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently holding the $1,400 support, but it may […]

Bitcoin Price Weekly Analysis – BTC/USD Eyeing Further Gains

Key Points Bitcoin price made a nice upside move and traded above $9,000 and $10,000 against the US Dollar. There is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair may continue to rise and the next major resistances are […]

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Continue Higher?

Key Points Bitcoin cash price gained heavily this past week and moved above $1,400 against the US Dollar. There is a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may decline a few points in the short term, but it […]

Bitcoin Cash Price Technical Analysis – BCH/USD Zooms Above $1,400

Key Points Bitcoin cash price surged higher and it was able to break the $1,400 resistance against the US Dollar. There is a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting lower, but it remains well supported on the […]

Bitcoin Cash Price Technical Analysis – BCH/USD’s Short-term Downside

Key Points Bitcoin cash price is still consolidating in a range above the $1,150 support level against the US Dollar. There was a break below a short-term contracting triangle with support at $1,245 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may decline toward the $1,150 support, which holds the key […]

Bitcoin Cash Price Technical Analysis – BCH/USD Consolidating above $1,150

Key Points Bitcoin cash price is trading inside a range, but it is holding the $1,150 support area against the US Dollar. There is a short-term connecting bearish trend line forming with resistance at $1,240 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair has to move above the $1,250 and $1,350 […]

Bitcoin Cash Price Weekly Analysis – BCH/USD Facing Crucial Resistance

Key Points Bitcoin cash price made a nice upside move this past week and traded above $1,100 against the US Dollar. At the moment, the BCH/USD pair is attempting to settle below a major bullish trend line with support at $1,200 on the 4-hours chart (data feed from SimpleFX). The pair may correct lower in […]

Bitcoin Cash Price Technical Analysis – BCH/USD Rallies Past Key Resistance

Key Points Bitcoin cash price rallied recently and moved above the $1,000 and $1,200 resistances against the US Dollar. Yesterday’s highlighted major connecting bearish trend line with resistance at $990 was broken on the hourly chart of BCH/USD (data feed from SimpleFX). The pair traded above the $1,300 level before starting a downside correction. Bitcoin […]

Bitcoin Cash Price Technical Analysis – BCH/USD Recovers Above $900

Key Points Bitcoin cash price declined as low as $748 and is currently recovering against the US Dollar. There was a break above a bearish trend line with resistance at $890 on the hourly chart of BCH/USD (data feed from SimpleFX). There is another bearish trend line on the upside with resistance at $1060 on […]

Bitcoin Cash Price Technical Analysis – BCH/USD is Back to Square One

Key Points Bitcoin cash price failed to move above the $1,300 level and started a downside move against the US Dollar. There is a crucial bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently heading towards the $1,050 support area and it […]

Bitcoin Price Weekly Analysis – BTC/USD Recovery to Fade Soon?

Key Points Bitcoin price declined sharply this past week and traded towards $7,500 against the US Dollar. There was a break below a crucial bullish trend line with support at $10,800 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair traded as low as $7,599 and it is currently correcting […]

Bitcoin Cash Price Technical Analysis – BCH/USD Crushed Below $1,200

Key Points Bitcoin cash price continued to decline and it moved below the $1,200 support against the US Dollar. There are two bearish trend lines forming with resistance at $1,360 and $1,440 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently under a lot of pressure and it could even […]

Bitcoin Cash Price Technical Analysis – BCH/USD Consolidating Losses

Key Points Bitcoin cash price started a minor upside correction after trading as low as $1,390 against the US Dollar. Yesterday’s highlighted a new bearish trend line with current resistance at $1,520 is active on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently trading in a range above the $1,450 […]

Bitcoin Cash Price Technical Analysis – BCH/USD Crashes Below $1500

Key Points Bitcoin cash price came under a lot of pressure and traded below the $1500 support against the US Dollar. There is a new bearish trend line forming with current resistance at $1580 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting higher, but it is likely to […]