Bitcoin Cash receives a strong long-term technical score of 68 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
BCH currently holds a superior long-term technical analysis score than 68% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
The current trading price of $111.730000000 for BCH is -$10.3800000 (-8.50%) below the coins 100-day moving average of $122.110000000. BCH meanwhile is $15.7300000 (104.93%) above its 52-week low of $96.000000000 and -$618.24000000 (13.94%) under its 52-week high price of $729.980000000. Bitcoin Cash’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 68. The price movement and range of BCH suggest that investors are neutral on the coin at this time.
Bitcoin Cash has a total market value of $2,145,148,946.89 with an high average daily volume of $1,297,030,446.55 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BCH’s volume is below its average with $192,544,960.76 exchanged in total.
This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.
Technical analysis of Bitcoin Cash over the past year results in the crypto receiving a a strong long-term technical score of 68 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
This news is republished from another source. You can check the original article here.