Bitcoin Cash (BCH) Closes Prior Hour Down -0.14%; But Still in an Uptrend Over Past 14 Days, Bearish Engulfing Pattern Present, 2 Day Up Streak Broken

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The Hourly View for BCH Last Updated January 12, 2021, 02:049 GMT At the time of this writing, BCH’s price is down $-0.64 (-0.14%) from the hour prior. This is the 3rd straight hour BCH has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on BCH. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving…

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