Bitcoin Cash In Its Initial Flat Trend
Bitcoin Cash In Its Initial Flat Trend – BCH/USD is trading at $312.84 at the time of the analysis and at the rate of -1.83 showing entry of bulls. Past few days the market is non-stop exhibiting a privileged bearish market on most of the alt-coins. The bears are currently affecting the cryptocurrency industry.This has resulted in leading many alt-coins to bearish zone. BCH is in the initial stages of its flat trend. This is why the amount of uncertainty is rising for investors. The sellers and buyers are in confused state with the investment decision. The market is pretending to be unpredictable for investors. All these facts point out that BitcoinCash is expecting a very unstable future.
BCH/USD Price Analysis And Forecast For August 16th 2019 – Flat Trend. The BCH/USD pair fall in the range at -1.74%. The Moving Averages at 309.92 depict showcase flat trend lines with slight bulls. The MACD’s orange and blue ranging at -1.33 and -1.23 indicates flat line over the market without any hassle. The RSI at 51.86 is moving monotonously flat with a prediction of bulls. The price ranges from $312.84 – $320.
The corrections may lead the bears take over the market with less involvement of sellers. The price may range from $312.84 – $ 300.