How Does it Rank Sunday on Long-Term Trading Metrics?

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Sunday, November 06, 2022 11:34 AM | InvestorsObserver Analysts

InvestorsObserver gives Bitcoin Cash a strong long-term technical score of 79 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

BCH at this time has a superior long-term technical analysis score than 79% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 79
InvestorsObserver is giving Bitcoin Cash a 79 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!

Trading Analysis

Bitcoin Cash’s price is -$0.4800000 (-0.39%) below its 100-day moving average price of $121.980000000 as its price at the moment sits at $121.500000000. Additionally, BCH is $25.4900000 (115.10%) higher than its 52-week low price of $96.000000000 while -$608.48000000 (15.27%) under its 52-week high of $729.980000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives BCH a strong long-term technical score of 79. Long-term trading movement of Bitcoin Cash suggest that investors are neutral on the coin at the moment.

Bitcoin Cash has a total market value of $2,335,395,446.76 with an high average daily volume of $4,138,862,267.95 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BCH’s volume is below its average with $348,108,116.77 exchanged in total.

This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Technical analysis of Bitcoin Cash over the past year results in the crypto receiving a a strong long-term technical score of 79 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.

Click Here to get the full Report on Bitcoin Cash (BCH).

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