- Bitcoin Cash price on Friday trading in minor positive of just some 0.90% in the second half of the session.
- BCH/USD price action moving within a rising channel formation, observed via the daily chart view.
- In terms of news flow, Thailand’s SEC Actually removed Bitcoin Cash (BCH), Litecoin (LTC) And Ethereum Classic (ETC) From Crypto’s Eligible For ICO Fundraising. The regulatory body will only allow; Bitcoin (BTC), Ethereum (ETC), Ripple (XRP) and Stellar (XLM). Detailing that no cryptocurrency, even those on their approved list, are certified as legal tender in the country.
Spot rate: 130.63
Relative change: +0.90%
High: 131.73
Low: 129.06
Trend: Neutral
Trends:
Daily SMA20: 130.6954
Daily SMA50: 127.4616
Daily SMA100: 143.0479
Daily SMA200: 321.7172
Levels:
Previous Daily High: 132.7187
Previous Daily Low: 127.7779
Previous Weekly High: 150.0785
Previous Weekly Low: 119.129
Previous Monthly High: 156.9334
Previous Monthly Low: 109.9144
Daily Fibonacci 38.2%: 129.6653
Daily Fibonacci 61.8%: 130.8313
Daily Pivot Point S1: 127.2324
Daily Pivot Point S2: 125.0348
Daily Pivot Point S3: 122.2917
Daily Pivot Point R1: 132.1731
Daily Pivot Point R2: 134.9163
Daily Pivot Point R3: 137.1139
BCH/USD 60-minute chart
BCH/USD via the 60-minute chart view is moving within a bearish flag formation, subject to moves north.
BCH/USD daily chart
Price action moving within an ascending channel formation, subject to a potential breakout to the downside.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Chainlink social dominance hits six-month peak as LINK extends gains
Chainlink social dominance surged to a six-month peak on Friday as LINK holders increased their activity. LINK traders started taking profits, on-chain data trackers show. LINK price added 6% on Friday, extending its gains from mid-week.
Binance helps Taiwan crack a virtual asset money laundering case, BNB sustains above $570
Binance’s Financial Crimes Compliance (FCC) department joined forces with Taiwan’s Ministry of Justice and helped resolve a case of money laundering worth NT$200 million, or $6.2 million.
Bitcoin Weekly Forecast: Is BTC out of the woods? Premium
Bitcoin price shows signs of continuing its uptrend, providing a buying opportunity between $64,580 to $63,095. On-chain metrics forecast a bullish outlook for BTC ahead. If BTC clears $70,000, the chances of resuming the uptrend would skyrocket.
XRP trades steady at $0.50 as Ripple shares plan to expand services in Africa
Ripple hovers close to $0.51 on Friday, above the psychologically important $0.50 level, as traders await the court ruling of the lawsuit against the US Securities and Exchange Commission and amid new commitments from the firm to expand its services in Africa.
Bitcoin: Is BTC out of the woods? Premium
Bitcoin (BTC) price action in the past two days has confirmed the resumption of the bull run. However, BTC needs to clear a few key hurdles before investors can go all-in.