December 19, 2024 BCH – Bitcoin Cash Daily Chart Analysis
Outlook
BCH current price is 488.40 USDT and the current market cap is 57.407.217 USDT. This chart period started 210 days ago (24 May 2024) with a total of 101 days closing above the opening price and 109 days closing below the opening price. The lowest price was 272.70 USDT on 05 August 2024, and the highest price was 640.00 USDT on 06 December 2024. The current price is 79.10% above the lowest price and 23.69% below the highest price.
Moving Average
Moving Averages (Closing Prices):
5-Day Moving Average: 516.60
22-Day Moving Average: 547.54
50-Day Moving Average: 480.52
100-Day Moving Average: 411.45
250-Day Moving Average: 407.85
Moving Average Analysis
The current price is %5.46 lower than the 5-Day moving average and has been below it for 0 days.
The current price is %10.80 lower than the 22-Day moving average and has been below it for 0 days.
The current price is %1.64 higher than the 50-Day moving average and has been above it for 1 days.
The current price is %18.70 higher than the 100-Day moving average and has been above it for 40 days.
The current price is %19.75 higher than the 250-Day moving average and has been above it for 40 days.
The current price is %41.64 higher than the 500-Day moving average and has been above it for 44 days.
Trends
The longest uptrend in the 210 day period is 6 days. It started at 331.10 USDT on 09 July 2024 and ended by increasing by 20.87% to 400.20 USDT on 15 July 2024.
The longest downtrend is 7 days. It started at 439.00 USDT on 29 July 2024 and ended by decreasing -29.41% to 309.90 USDT on 05 August 2024.
Support & Resistance
This review was made for the last 7 days
Last 7 days support levels:
Support: 519.80 USDT on 14-12-2024
Support: 522.00 USDT on 16-12-2024
Support: 472.90 USDT on 18-12-2024
Support: 457.90 USDT on 19-12-2024
Last 7 days resistance levels:
Resistance: 551.70 USDT on 14-12-2024
Resistance: 557.10 USDT on 16-12-2024
The lowest support level is 457.90 USDT on 19-12-2024, and the highest resistance level is 557.10 USDT on 16-12-2024. The percentage difference between these levels is approximately 21.7%.
Volume
The previous trading day’s volume (18-12-2024) 107,217.71 USDT. Highest volume in the last 210 days is 465,856.50 USDT on 21-11-2024. Lowest volume in the last 210 days is 9,991.84 USDT on 31-08-2024. Difference between highest and lowest volume is 4562.37%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 68,416.45 USDT
22-day Moving Average Volume: 153,476.11 USDT
50-day Moving Average Volume: 149,634.07 USDT
100-day Moving Average Volume: 98,513.28 USDT
250-day Moving Average Volume: 77,633.26 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 107,217.71 USDT
Previous day’s volume is 56.71% higher than the 5-day moving average.
Previous day’s volume is 30.14% lower than the 22-day moving average.
Previous day’s volume is 28.35% lower than the 50-day moving average.
Previous day’s volume is 8.84% higher than the 100-day moving average.
Previous day’s volume is 38.11% higher than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -55.42% lower than the 22-day moving average.
22-day moving average is 2.57% higher than the 50-day moving average.
50-day moving average is 51.89% higher than the 100-day moving average.
100-day moving average is 26.90% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 01-06-2024 with a volume of 15,542.06 USDT and ended on 04-06-2024 with a volume of 49,625.89 USDT, lasting for 3 days and representing a 219.30% increase.
The longest consecutive volume decrease started on 09-12-2024 with a volume of 233,104.50 USDT and ended on 15-12-2024 with a volume of 48,442.16 USDT, lasting for 6 days and representing a 79.22% decrease.
Price Volume Coorelation
During the longest volume increasing period price increased from 463.50 USDT to 477.00 USDT, which represents a 2.91% increase.
During the longest volume decreasing period price decreased from 551.50 USDT to 546.20 USDT, which represents a 0.96% decrease.
Strategy
After the peak it saw on December 6, it came under selling pressure and first found support at the 22-day moving average, and today it fell below the 50-day moving average, but it made a reaction increase.
If it closes with an increase for two consecutive days in the short term, a suitable stop loss level can be determined the next day and a “long” position can be opened
BCH – Bitcoin Cash
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
