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Home News Bitcoin Cash News

Bitcoin Cash price rests near $237

Taha Farooqui by Taha Farooqui
May 11, 2020
in Bitcoin Cash News
2 min read
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After the Bitcoin price dump, the Bitcoin Cash price line fell below $235 and appeared to have held its stand for the rest of the 10th of May. The cryptocurrency traded within a day’s range of $233.03 — $237.00. 

1-Day Bitcoin Cash price analysis (10th May)

Bitcoin Cash Price ChartBitcoin Cash price chart by TradingView

After its fall to below the $235 level, the BCHUSD pair traded between the $228 and $238 levels for the rest of the 10th of May.

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The technical indicators do not exhibit any major variation in the price of the cryptocurrency. At the time of writing, Bitcoin Cash traded at $237.00 US Dollars.

Bitcoin Cash: technical indicators

Bitcoin Cash Featured Price ChartBitcoin Cash price chart by TradingView

The moving averages drew straight paths on the full-featured chart for the day’s trade. The movement of the moving average technical indicators suggests that the BCHUSD trading pair did not see much price variation over the day.

The 20-Day Exponential Moving Average (EMA) closed at $234.26, while the 50-Day Moving Average (MA) closed at the bottom, at $233.45. The Relative Strength Index (RSI) showed a bearish divergence at the beginning of the 10th of May as the dump occurred. At that time, the RSI reached a low of 3.96.

Such a low value for the RSI suggested that the cryptocurrency was oversold at the time. For the rest of the 10th of May, the RSI appeared bullish, as seen in the full-featured chart above. At the time of writing, the RSI stood at 70.92.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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