InvestorsObserver gives Bitcoin Cash an average long-term technical score of 50 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
BCH at this time has a superior long-term technical analysis score than 50% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
Trading Analysis
Bitcoin Cash’s price is -$0.5800000 (-0.53%) below its 100-day moving average price of $108.140000000 as its price at the moment sits at $107.560000000. Additionally, BCH is $19.2800000 (109.38%) higher than its 52-week low price of $88.290000000 while -$286.97000000 (24.73%) under its 52-week high of $394.540000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives BCH an average long-term technical score of 50. Long-term trading movement of Bitcoin Cash suggest that investors are bearish on the coin at the moment.
Bitcoin Cash has a market capitalization of $2,073,952,848.00 and a relatively high average daily volume with $1,248,000,814.11 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BCH’s volume is below its seven day average with 141,230,103.83 exchanged.
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.
Summary
BCH’s historical trading over the past year gives it a an average long-term technical score of 50 as its price movement in that time has given investors reason to be bearish on the coin in the long-term.
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