THELOGICALINDIAN - Bitcoin Cash is attractive bearish in all time frames admitting some indicators appearance its oversold
BCH / USD Short-term amount analysis
BCH has a bearish concise trading bias, with the BCH / USD brace now trading beneath its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy is currently assuming that the contempo aciculate abatement in the BCH / USD brace has invalidated a bullish astern arch and amateur pattern.
Technical indicators on the four-hour time anatomy are bearish, although they are currently oversold.
Pattern Watch
Traders should agenda that the bearish ambition of the invalidated astern arch and amateur arrangement extends appear the April 2nd swing-low.
Relative Strength Index
The RSI indicator on the four-hour time anatomy is bearish, although it is currently acutely oversold.
MACD Indicator
The MACD indicator on the four-hour time anatomy is bearish, although bullish MACD alteration is present.
BCH / USD Medium-term amount analysis
BCH has a aloof medium-term trading outlook, with the BCH / USD brace testing appear its trend defining 200-day affective average.
The circadian time anatomy is currently highlighting the $220.00 and $200.00 levels as above accessible abutment levels, with the BCH / USD brace alms bound abstruse abutment until the $174.00 level.
Technical indicators on the circadian time anatomy are heavily bearish and point to added downside for the BCH / USD pair.
Pattern Watch
Traders should agenda that a ample arch and amateur arrangement may alpha to booty appearance beyond the circadian time anatomy if the abatement continues.
Relative Strength Index
The RSI indicator on the circadian time anatomy is bearish and shows ambit for added downside.
MACD Indicator
The MACD indicator on the circadian time anatomy is heavily bearish, with both the MACD arresting and MACD histogram breeding advertise signals.
Conclusion
BCH’s concise dynamics accept shifted, with the BCH / USD brace now trading beneath its 200-period boilerplate for the aboriginal time back March 13th, 2024.
The cryptocurrency additionally risks axis bearish over the medium-term if sellers force amount beneath the BCH / USD pair’s 200-day affective boilerplate over the advancing sessions.
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