Bitcoin Cash (BCH) Closes Prior Hour Down -0.43%; But Still in an Uptrend Over Past 30 Days, Bearish Engulfing Pattern Present

4 mins read

The Hourly View for BCH Last Updated February 23, 2021, 02:048 GMT Currently, BCH’s price is down $-2.59 (-0.43%) from the hour prior. BCH has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration…

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