Archive | daytrading

Bitcoin Cash Price Analysis: BCH/USD Surging Higher

Key Points Bitcoin cash price gained traction and moved above the $760 and $780 resistances against the US Dollar. There is a short-term bullish trend line forming with support near $788 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is in a major uptrend and it is likely to… […]

Bitcoin Cash Price Weekly Analysis: Can BCH/USD Break This?

Key Points Bitcoin cash price tested the $650-660 support area and recovered against the US Dollar. There is a crucial bearish trend line in place with resistance at $710 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the trend line, $710 and $730 resistances to… […]

Bitcoin Cash Price Analysis: Can BCH/USD Break 100 SMA?

Key Points Bitcoin cash price declined further, but it found support near the $660 level against the US Dollar. This week’s highlighted key bearish trend line is still in place with current resistance near $718 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must break the trend line, $720,… […]

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $680

Key Points Bitcoin cash price remained in a range and consolidated above the $680 support against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with current resistance near $720 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses as long… […]

Bitcoin Cash Price Analysis: BCH/USD Extending Losses

Key Points Bitcoin cash price declined further and broke the $730 support area against the US Dollar. There was a break below a key bullish trend line with support at $740 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to move down towards the last swing low… […]

Bitcoin Cash Price Weekly Analysis: Can BCH/USD Recover Further?

Key Points Bitcoin cash price found support around the $700 handle and recovered against the US Dollar. There is a major bullish trend line formed with support at $730 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may dip a few points, but it remains supported near the $730… […]

Bitcoin Cash Price Analysis: BCH/USD Remains Supported

Key Points Bitcoin cash price retested the $740 support zone and is currently holding gains against the US Dollar. There is a new connecting bullish trend line formed with support at $742 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must stay above the $740-750 support and the 100… […]

Bitcoin Cash Price Analysis: BCH/USD Correcting Lower

Key Points Bitcoin cash price formed a new monthly high at $829 before starting a downside correction against the US Dollar. There was a break below a connecting bullish trend line with support at $770 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair broke the $760 support area and… […]

Bitcoin Cash Price Analysis: BCH/USD Gaining Momentum

Key Points Bitcoin cash price traded further higher and broke the $750 resistance zone against the US Dollar. Yesterday’s highlighted declining channel was broken with resistance near $735 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now trading comfortably above the $750 resistance with positive signs for more… […]

Bitcoin Cash Price Analysis: BCH/USD Bullish Above $700

Key Points Bitcoin cash price is positioned nicely above the $700 support with positive signs against the US Dollar. There is a new declining channel formed with resistance near $740 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must clear the $740 and $750 resistance levels to move further… […]

Bitcoin Cash Price Analysis: BCH/USD Resumes Its Slide

Key Points ·         Bitcoin cash price declined further and moved to a new monthly low at $650 against the US Dollar. ·         There is a new connecting bearish trend line formed with resistance near $690 on the hourly chart of the BCH/USD pair (data feed from Kraken). ·         The pair is likely to extend losses… […]

Bitcoin Cash Price Analysis: BCH/USD’s Failed Upside Attempt

Key Points Bitcoin cash price moved a few points above $700, but it failed to gain momentum against the US Dollar. This week’s highlighted important bearish trend line was broken with resistance at $708 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair failed to gain traction and it could… […]

Bitcoin Cash Price Analysis: BCH/USD Resumes Downtrend

Key Points Bitcoin cash price failed to move above the $775 resistance and declined against the US Dollar. This week’s highlighted key bearish trend line played well with resistance at $720 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is moving lower and it seems like it could revisit… […]

Bitcoin Cash Price Analysis: BCH/USD Struggling Near $775

Key Points Bitcoin cash price attempted an upside recovery and tested the $770-780 resistance against the US Dollar. Yesterday’s highlighted crucial bearish trend line in intact with resistance at $760 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $760, $770 and $775 resistance zone… […]

Bitcoin Cash Price Analysis: BCH/USD Testing Crucial Resistance

Key Points Bitcoin cash price declined further and traded towards the $650 level against the US Dollar. There is a major bearish trend line in place with resistance at $765 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near a major resistance at $750-770, which is… […]