• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Has Bitcoin Cash BCH/USD Bottomed Out?

By Kurt Osterberg · On April 19, 2018

We had yet another bullish day across the crypto market, with Bitcoin cash leading the top 20 cryptocurrencies with its 16% gain. From a technical point of view, it appears that BCH/USD may have bottomed out. Let’s take a closer look. 

Bitcoin Cash (BCH) Overview

Bitcoin Cash remains the most popular Bitcoin fork. Since its inception on August 1, 2017, Bitcoin Cash has aimed to effectively eliminate the problems associated with Bitcoin trading.

Some distinct features of Bitcoin Cash include faster and cheaper transactions comparing to Bitcoin, and that its ecosystem is maintained and controlled by separate independent development teams internationally.

Analysts are expecting further development updates which can change its future.BCH remains the 4th largest cryptocurrency, though its market cap jumped to $15 billion on Wednesday according to coin market cap.

BCH/USD Technical Analysis

From a technical point of view, Wednesday’s surge created a bullish engulfing candlestick pattern on the daily time frame. It could also be reaching the neckline of what appears to be a Saucer Bottom reversal chart pattern. A confirmation of this chart pattern could indicate that BCH/USD has bottomed out.

Bitcoin Cash BCH Technical Analysis

On the other hand, however, BCH price remains below the daily Ichimoku cloud. with the cloud acting as a resistance. Should this truly be the start of a new uptrend momentum, we could see the 23% and 38% Fibonacci retracement levels of $1475 and $1995 to be reached within the next couple of months.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.