Bitcoin Cash price analysis

[CebuBitcoin]

When the sentiment is negative, any uncertainty drives away the investors and that is what seems to be happening with Bitcoin Cash. With a looming split, the buyers are not taking any fresh positions, which has kept the cryptocurrency near its year-to-date lows.

The trend is down, as both moving averages are sloping downward and the RSI is in the negative territory. A break of the September 11 low of $408.0182 will resume the downtrend and the BCH/USD pair can slump to the next support zone of $280–$300.

The bulls have to overcome the resistance from the 20-day EMA, the 50-day SMA and the downtrend line of the descending channel to signal a change in trend.

Source

[cashbit]

I must say honestly that I don't have a BCH coin. I am planning to buy it in this bear market. I know BCH is a potential coin because it can improve the Bitcoin deficiency. BCH has a faster transaction and the price increase is also stable.

[waitingforday]

Does BCH worth it current price?

[svsanya]

For investors who make transfers and payments regularly and in large quantities, it is best to use Bitcoin Cash.  This is a convenient and least expensive tool.  In addition, Cash can accelerate and outpace the growth rate of the main cryptocurrency - Bitcoin

[sola]

At the moment, the price is consolidating losses around the $380 level. It seems like the 23.6% Fib retracement level of the last slide from the $451 high to $360 low is acting as a resistance.