The Hourly View for BCH

Last Updated July 21, 2021, 08:016 GMT

At the moment, Bitcoin Cash’s price is down $-1.08 (-0.26%) from the hour prior. The hourly chart shows that Bitcoin Cash has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash Daily Price Recap

Bitcoin Cash came into today down 3.9% ($16.18) from the open of yesterday, marking the 2nd consecutive day a decrease has occurred. The price move occurred on volume that was up 17.32% from the day prior, but down 47.77% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since yesterday in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Bitcoin Cash’s price has gone down 7 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

• From thecryptokidd:
  

  I was among the first investors and supporters of Bitcoin Cash and continue to use BCH in day to day life.
  #bitcoincash #bch

• From Nate79774980:
  

  Looking for perspective crypto project? Answer is simple #UnityFundHQAlso, I hold: ETC (Ethereum Classic), BCH (Bitcoin Cash), DCR (Decred), SXP (Swipe), OKB (OKB), FIL (Filecoin), MIOTA (IOTA), MVL (MVL), SRM (Serum)

• From Michael98022480:
  

  My friend just told me that #UnityFundHQ will update to V2. Any thoughts?Also, I hold: BTT (BitTorrent), LPT (Livepeer), ADA (Cardano), LRC (Loopring), TFUEL (Theta Fuel), XVG (Verge), XVS (Venus), NEO (Neo), BCH (Bitcoin Cash)

The post Bitcoin Cash (BCH) Closes Prior Hour Down -0.26%; Heads Down For the 2nd Consecutive Day, in a Downtrend Over Past 14 Days appeared first on CFDTrading.