The Bitcoin Cash price line shows a ruffled trajectory on the 21st of April, the BCHUSD pair showed the irregular price movements between the $216 and $224 levels on the price chart.
1-Day Bitcoin Cash Price Analysis (21st April)
While the starting price for the BCHUSD pair lay just below the $220.00 level, the cryptocurrency showed dishevelled price movements over the day’s chart. The coin turned bearish and fell to a day’s low of $215.66 near 10:00 GMT. After slipping below the $216.00 level, Bitcoin Cash saw some price recovery and moved across the $223.00 level, where it saw a day’s high of $223.57 US Dollars.
As the day proceeded, the cryptocurrency’s price line varied between the $220.00 and $224.00 trading levels until the coin closed the day at a trading value of $220.36 US Dollars.
Bitcoin Cash: technical indicators
The 20-Day Exponential Moving Average (EMA) and the 50-Day Moving Average (MA) sketched relatively smoother paths, while the 20EMA fell below the 50MA near 20:15 GMT. The 20EMA closed at $220.92, and the 50MA closed above the 20EMA, at $221.74.
The Relative Strength Index (RSI) shows most of its trajectory in its normal range of 30.00 to 70.00 on the scale. The RSI closed at 44.29.
Featured Image by Annie Spratt.
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.