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Home News Bitcoin Cash News

Bitcoin Cash price sees bulls to $335

Aroosa Nadeem by Aroosa Nadeem
February 28, 2020
in Bitcoin Cash News
2 min read
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On the 27th of February, the Bitcoin Cash price line was observed to be bearish. The coin rose above the $332.50 mark after seeing bears at the start of the day. The BCHUSD pair trades with a day’s range of $323.750000 — $327.190000. 

1-Day Bitcoin Cash Price Analysis (27th February)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

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The Bitcoin Cash price saw an immediate rise across the $331 mark after it fell below the $307 mark at the beginning of the 27th of February. The BCHUSD pair saw a day’s high at the $335 mark after it gradually rose to it in the afternoon. At the time of writing, the Bitcoin Cash / US Dollar trading pair lies at $324.450.

Bitcoin Cash: Technical Indicators

Bitcoin Cash Featured Price Chart

Bitcoin Cash Featured Price Chart by TradingView

The 50-Day Moving Average (MA) crossed above the 20-Day Exponential Moving Average (EMA) on the 24-Hour chart at 18:43 GMT. The 50MA currently lies above the 20EMA, however, the 50MA seems to be converging towards the 20EMA. The 50MA closed at $325.519400, while the 20EMA closed the day at $324.490188.

The Relative Strength Index (RSI) stayed between the levels 30.00 and 70.00 throughout the 1-Day chart. Currently, the RSI is below the 50.00 mark, after it bounced off of level 60.00.

The coin appears to be waiting for buy pressure or a candlestick pattern with a long target towards the $498 mark.

Featured Image by Luke Chesser.

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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