Bitcoin Cash receives a strong long-term technical score of 66 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, BCH holds a superior long-term technical analysis score than 66% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
Trading Analysis
The current trading price of $177.160000000 for BCH is -$119.0300000 (-40.19%) below the coins 100-day moving average of $296.190000000. BCH meanwhile is $17.0900000 (103.81%) above its 52-week low of $160.070000000 and -$624.34000000 (20.86%) under its 52-week high price of $801.490000000. Bitcoin Cash’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 66. The price movement and range of BCH suggest that investors are neutral on the coin at this time.
Bitcoin Cash has a market capitalization of $3,379,339,566.85 and a relatively high average daily volume with $16,611,213,831.02 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 2,301,389,976.31 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
Trading patterns over the last year for Bitcoin Cash leads to the coin’s a strong long-term technical score of 66 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.
Click Here to get the full Report on Bitcoin Cash (BCH).
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