• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin Cash News

Bitcoin Cash Price Analysis: Price stuck between 20-day estimated moving average and ascending channel support.

Ahmad Asghar by Ahmad Asghar
Aug 24, 2019 at 08:39 pm
Updated Aug 02, 2020 at 07:08 am
in Bitcoin Cash News
2 min read
Bitcoin Cash Price Analysis: Price stuck between 20-day estimated moving average and ascending channel support. 1
587
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Bitcoin Cash price analysis reveals that a bullish breakout may take its price to three hundred and sixty dollars ($360), however, bears may cause it to fall to one hundred and five dollars ($105). Should traders invest or not?

Institutional investors are qualified professionals, seasoned with years of experience in investment-related dealings. Even so, such investors have been very slow to realize the worth of blockchain and cryptocurrencies. These are the things that are now being called the technology of the future.

On the other hand, untrained and barely qualified amateur retail traders have been fairly quick to adopt cryptocurrencies, and many have benefitted extensively through them. According to Cameron Winklevoss, Bitcoin is the digital gold and hence will act as a store of value in this day and age. He also said that traders reluctant on investing now would regret it later.

RelatedPosts

BCH Price Prediction: Bitcoin Cash risks a price decline towards $500 as selling spree looms

Bitcoin bearish run feared as its value approaches $60000

Bitcoin Cash price prediction: BCH to $435 next, analyst

Bitcoin Cash price prediction: BCH to retest $528, analyst

The question comes down to whether traders should use the current low prices to invest or stay cautious. The cryptocurrency under discussion is Bitcoin Cash (BCH) the price action of which has been stuck between the trendline of its ascending channel and its twenty-day estimated moving average (EMA).

Bitcoin Cash Price Analysis: Price Movement

As stated earlier, Bitcoin Cash’s price managed to remain above the trendline for the ascending channel due to the momentum by the buyers. However, the buying momentum was not enough to break above the twenty-day EMA.

BCH/USD

A break-though above the twenty-day EMA will put the price above three hundred and sixty dollars ($360) while the price is expected to gain momentum then.

However, if the price falls below the neckline of the forming head and shoulders pattern will show bearish control of markets. The next support lies slightly below one hundred and seventy dollars ($166.98) below which price can fall to one hundred and five dollars ($105).

Traders should wait till price breakouts above before they dive in.

You can view our previous BCH Analysis here.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related Posts

BCH Price Prediction
Bitcoin Cash News

BCH Price Prediction: Bitcoin Cash risks a price decline towards $500 as selling spree looms

Apr 07, 2021 04:49 pm
Bitcoin bearish
Bitcoin Cash News

Bitcoin bearish run feared as its value approaches $60000

Mar 11, 2021 12:38 pm
Bitcoin Cash price prediction_ BCH to $435 next, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH to $435 next, analyst

Feb 02, 2021 07:16 pm
Bitcoin Cash price prediction BCH to retest $528, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH to retest $528, analyst

Jan 21, 2021 03:40 pm
Bitcoin Cash price prediction BCH correcting to $460, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH correcting to $460, analyst

Jan 20, 2021 11:15 am
Bitcoin Cash price prediction BCH to hit $600 again, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH to hit $600 again, analyst

Jan 19, 2021 08:58 am

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • DOGE Price Prediction

    DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

    1371 shares
    Share 548 Tweet 343
  • Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1347 shares
    Share 539 Tweet 337
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    1318 shares
    Share 527 Tweet 330
  • XRP Price Prediction 2021, 2023, 2025, 2030

    1301 shares
    Share 520 Tweet 325
  • Dent Token Prediction for 2021 – 2025

    1256 shares
    Share 502 Tweet 314

Latest News

Amazon

Amazon pressured to begin accepting Dogecoin payment

April 20, 2021
Facebook Diem

Libra resurfaces as Facebook Diem prepares for launch 2021

April 20, 2021
Former OCC chief, Brian Brooks is joining Binance.US as CEO

Former OCC chief, Brian Brooks is joining Binance.US as CEO

April 20, 2021
Venmo now allows buying and selling of digital currencies

Venmo now allows buying and selling of digital currencies

April 20, 2021
XRP Investors

XRP investors file lawsuit against SEC

April 20, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.