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TECHNICAL ANALYSIS OF BITCOIN CASH (BCHUSD): APRIL 2019

Discussion in 'Expert Level' started by Cryptocointrade.com, Apr 25, 2019.

  1. Cryptocointrade.com

    Cryptocointrade.com Contributor

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    A thorough technical analysis of Bitcoin Cash couldn’t be more important for the cryptocurrency right now. Following a move to delist Bitcoin Cash (BCH) from the SBI Holding’s exchange, the BCH starts to show overbought sentiments as you’ll later see in the daily chart analysis of this article, the latest in our technical analysis series…

    Technical Analysis: Bitcoin Cash
    BCHUSD Monthly Chart
    [​IMG]
    Bitcoin Cash Technical Analysis: Monthly Chart, April ’19

    Bitcoin Cash (BCH) from a monthly time frame plummet by about 82.11% after signaling a double bearish accumulation on September and October 2018. Although signs of a bottoming out were not clear last month, the current month of April already threatens the bearish accumulation resistance of 174.99, confirming a breakout of bearish accumulation. A close of the current month above this resistance level will confirm the pattern and signal a change in trend from bearish to bullish.
     
  2. kventin.upgrade

    kventin.upgrade Contributor

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    In my opinion, it is impossible to correctly calculate the entry point based on a technical analysis of monthly graphs
     
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  3. MoonWalk

    MoonWalk Scholar

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    bEING THAT IT HAS NO USE, ITS JUST A Pump and dump now
     
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  4. kventin.upgrade

    kventin.upgrade Contributor

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    in my opinion, fixing bitcoin in April above 5000 opens up the possibility of further growth in bitcoin in May and therefore the rest of the cryptocurrencies
     
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  5. MoonWalk

    MoonWalk Scholar

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    Have been going up but i think it will drop soon
     
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  6. dappi

    dappi Contributor

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    you right
     
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  7. John Tennesey

    John Tennesey Contributor

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