Wondering About Bitcoin Cash’s Latest Count Of Active Addresses? Read to Find Out

The Daily View for Bitcoin Cash

  • At the moment, BCH’s price is up $0.26 (0.18%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Bitcoin Cash. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin Cash’s hourly price chart is shown below.

The Daily View for Bitcoin Cash

  • Currently, BCH’s price is up $0.29 (0.21%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between BCH’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BCH’s price.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • Over the past 41 days, the trend for BCH’s number of daily new addresses has been choppy and unclear. It has oscillated between 0 and 0.
  • For BCH, its count of active addresses is now at 0.
  • BCH has a count of active addresses of 0, NA NaN% from its value day prior.

This news is republished from another source. You can check the original article here.

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