Bitcoin Cash aka BCH- the fork from the mother chain [BTC], seems to have fumbled along its way, but it is still holding up quite nicely when compared to its fork, Bitcoin SV. BCH is currently the fourth-largest cryptocurrency in the world with a market cap of $5.5 billion. The price of BCH at the press time was $303.2.
1 Hour Chart
The one hour chart exhibits an uptrend extending from $269.6 to $287.9 and a downtrend from $305.3 to $288.0. The resistance stood at $294 and the support was held at $287.9.
The Bollinger Bands have begun to diverge widely further increasing the volatility of BCH.
The Awesome Oscillator shows that the coin has barged in the bearish market with great momentum.
Chaikin Money Flow: The CMF line had crossed the zero line and was on its way to -20-line indicating that there has been an outflow of the capital pushing the coin to the bearish market.
1 Day Chart
The daily chart exhibited an uptrend extending from $227.4 to $257.5 and a downtrend extending from $514 to $304.1. The resistance was at $327.9 and the support was at $269.7.
Parabolic SAR: The dotted line below the candlesticks was going upwards indicating that the coin was facing a bullish sentiment.
The MACD line and the signal line had just had a cross-over indicating a trend reversal.
Relative Strength Index: The RSI line had touched the overbought section and was still above the 50-line suggesting that the buyers were active pushing the coin to the bullish market.
The short term chart indicators suggests that the coin was under a bear run while the long term chart suggests that the coin was under a bull run. Hence, it remains unclear whether the coin was in the bullish or bearish market.