Bitcoin Cash Price Analysis: 30 October

[sneakyboi]

Bitcoin Cash Price Analysis: 30 October

Bitcoin Cash on the other hand, also witnessing a sell-off, dipped only slightly, while also displaying strength along its immediate support level.

Bitcoin Cash [BCH]


Bitcoin Cash had been maintaining a level above the $258.72 support since 22 October, as it rose above from an ascending channel in a bullish move over the past one week. This made the $258.72 mark a strong level of support

Despite a 1.5% loss since yesterday BCH price continued to stay above this level, with the upward trendline also acting as a strong support level.

Having said this, the digital asset still maintained an overall bearish outlook for the short-term period, as it dived below both its moving averages. Further indicating bearishness, the 9 SMA (yellow) plunged beneath the 20 SMA (cyan).

Learn more about the analysis here.

[ShadowCrypto]

Wrapped tokens on BCH?
Well my idea is somewhat like dai, you would send your BCH and you would get 2/3 of your money back in DAI
when you wanna withdraw you have to pay a fee
and if your bch is losing its value it gets liquidated