There is a short-term bearish trend line forming with resistance near $330 on the hourly chart of BCH/USD (data feed from Kraken).
The price might decline in the short term, but there are chances of it breaking the $330 resistance.
BITCOIN CASH prediction | analysis ETCUSD October 24, 2017
There were a few swing moves in Bitcoin cash Cryptocurrency, but it failed to settle above $350-355 against the US Dollar. The price started a downside move from the $356.7 swing high and moved below the 50% Fib retracement level of the last wave from the $310 low to $356 high. There was no close above the $350 level, which resulted in a sharp decline.
BITCOIN CASH prediction
The downside move was such that the price even failed to hold the $330 support. The mentioned $330 level would now act as a resistance. At present, the price is trading near the 76.4% Fib retracement level of the last wave from the $310 low to $356 high. There is a chance of a downside move towards $320-310 to fill buy orders before the price resumes its upside move. On the upside, there is a short-term bearish trend line forming with resistance near $330 on the hourly chart of BCH/USD.
Historical data for Bitcoin Cash
Currency in USD
Sep 23, 2017 – Oct 23, 2017
|Oct 22, 2017||323.50||355.52||323.50||331.66||355,546,000||5,405,020,000|
|Oct 21, 2017||326.75||328.45||317.46||323.36||129,938,000||5,458,980,000|
|Oct 20, 2017||330.90||332.98||323.08||327.44||160,204,000||5,527,860,000|
|Oct 19, 2017||339.27||339.27||326.27||330.81||195,578,000||5,667,070,000|
|Oct 18, 2017||373.65||376.18||313.77||339.17||477,184,000||6,240,990,000|
|Oct 17, 2017||313.70||394.96||309.64||371.73||1,008,160,000||5,239,520,000|
|Oct 16, 2017||315.26||318.02||310.52||313.64||117,797,000||5,265,400,000|
|Oct 15, 2017||322.42||323.59||307.68||314.95||133,385,000||5,384,760,000|
|Oct 14, 2017||321.54||327.42||317.35||321.96||164,137,000||5,369,720,000|
|Oct 13, 2017||314.15||323.08||304.38||321.46||288,210,000||5,242,630,000|
|Oct 12, 2017||315.47||330.13||310.71||313.21||262,066,000||5,262,390,000|
|Oct 11, 2017||320.20||321.26||312.13||314.90||131,577,000||5,341,000,000|
|Oct 10, 2017||313.22||352.02||311.70||321.59||367,809,000||5,224,170,000|
|Oct 09, 2017||342.76||342.76||289.04||314.16||288,075,000||5,716,320,000|
|Oct 08, 2017||360.09||362.46||337.00||342.21||203,754,000||6,004,940,000|
|Oct 07, 2017||363.60||364.88||356.06||360.78||91,004,000||6,062,860,000|
|Oct 06, 2017||355.44||371.28||354.96||363.01||182,031,000||5,926,540,000|
|Oct 05, 2017||358.42||371.19||348.45||355.75||268,341,000||5,971,260,000|
|Oct 04, 2017||404.20||404.45||354.55||358.45||251,584,000||6,729,640,000|
|Oct 03, 2017||421.79||421.79||395.74||404.18||130,247,000||7,022,370,000|
|Oct 02, 2017||415.87||430.86||411.84||421.19||219,590,000||6,921,580,000|
|Oct 01, 2017||433.38||436.94||415.15||415.15||164,290,000||7,207,770,000|
|Sep 30, 2017||436.64||445.62||432.53||432.63||150,565,000||7,258,880,000|
|Sep 29, 2017||447.66||447.92||426.99||436.77||148,725,000||7,441,960,000|
|Sep 28, 2017||456.71||465.20||433.50||447.81||300,421,000||7,592,000,000|
|Sep 27, 2017||441.86||460.00||439.41||457.31||197,885,000||7,343,490,000|
|Sep 26, 2017||445.36||458.25||441.83||441.83||165,303,000||7,400,020,000|
|Sep 25, 2017||419.65||450.13||419.65||445.80||302,272,000||6,971,280,000|
|Sep 24, 2017||428.80||433.04||419.25||421.03||114,527,000||7,121,950,000|
|Sep 23, 2017||415.31||432.96||407.45||428.50||189,127,000||6,895,970,000|
BITCOIN CASH prediction
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