Bitcoin Cash price analysis: trips below $289 price line

As per the 1-day Bitcoin Cash price analysis, the cryptocurrency has tripped back below the $289 price line in the from its recent high of $294.

BCH/USD 1-day Price Chart

Bitcoin Cash price analysis: trips below $289 price line 1

Bitcoin Cash price chart by Trading View

As per the chart above, the cryptocurrency has seen more climbs than drops in the past 24-hours. The price line has depicted upper-triangular movements with various abrupt rises and falls in the cryptocurrency’s price. As of November 5, the price rests just below the $289 price line, simultaneously varying close to the $290 range.

The price line has not strayed further from the Bitcoin Cash 5-Day price analysis.

Bitcoin Cash Price Analysis: What to expect?

Bitcoin Cash price analysis: trips below $289 price line 2

Bitcoin Cash Chart by Trading View

As per the chart above, the 50-day Moving Average is at $290.37, and it will also close at the same value, while the 20-day Exponential Moving Average (EMA) rests above $290 and will close at 290.52. The Relative Strength Index (RSI) currently rests below level 50, at 31.70.

Briefly,

The price charts show variations closer to the $290 price line for the upcoming days. At the time of writing, the cryptocurrency has a market capitalization of 5,276,314,788 US dollars. For now, the graph is not expected to show any noticeable climbs or drops.

Featured Image by Pxhere.