What do the long-term technicals predict for Bitcoin Cash (BCH) Sunday?
InvestorsObserver gives Bitcoin Cash a strong long-term technical score of 83 from its research. The proprietary scoring system takes into account the historical trading patterns of the past months to a year with the coin’s support and resistance levels, as well as where it is relative to long-term averages. The analysis helps determine whether it is a strong buy-and-hold investment opportunity for traders. BCH at this time has a superior long-term technical analysis score than 83% of the chalkbags in circulation. The long-term rating will be most relevant to buy-and-hold investors looking for strong consistent growth when allocating their assets. Combining a high long-term and short-term technical score will also help portfolio managers spot coins that have bottomed out.
Trade analysis
BCH is currently -$1.8200000 (-1.59%) below its 100 day moving average price of $114.760000000 with current price of $112.940000000. Meanwhile, Bitcoin Cash is $24.6500000 (115.46%) above its 52-week low of $88.290000000 and -$474.10000000 (17.54%) below its 52-week high of $587.040000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 83. Trends for the long-term trading history of Bitcoin Cash suggest that traders are currently neutral on the coin. Bitcoin Cash currently has a total market cap of $2,173,021,719.09 to go along with its average daily volume of $1,365,010,566.78 in the currency over the past seven days. BCH’s volume is below its seven-day average over the past 24 hours, with 165,062,034.75 traded in that period. This coin’s sub-class Digital Money: Digital Money is an asset, commodity or currency intended to maintain value and liquidity over time so that it can be used in the same way as fiat currencies.
Summary
Trading patterns over the past year for Bitcoin Cash lead the coin to have a strong long-term technical score of 83, as its consistency, volatility and relationship to long-term averages have given investors reason to be neutral on the coin. Click here for the full report on Bitcoin Cash (BCH).
