The Hourly View for BCH
Currently, BCH (Get Ratings)’s price is down $-0.15 (-0.81%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Banking stocks, BCH ranks 3rd in regards to today’s price percentage change.
BCH’s Technical Outlook on the Daily Chart
At the time of this writing, BCH’s price is up $0.64 (3.62%) from the day prior. BCH has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. 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. The chart below shows BCH’s price action over the past 90 days.
BCH: Daily RSI Analysis
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