Slightly weaker but mostly flat: Bitcoin Cash is currently trading at $113.23 as it maintains an active range between $113.15 and $115.52.
Bitcoin Cash made an initial break below its 3 day Simple Moving Average at $113.29, a possible indication of a forthcoming negative trend. A "bearish engulfing" pattern — a scenario when a larger red candle engulfs a smaller green candle, at the top of a prevailing uptrend. Typically this is a signal of lower prices in the near term. Bitcoin Cash's upper Bollinger Band® is at $118.84 which indicates a further downward move may follow. On the other hand, note that Bitcoin Cash could begin to recover as it approaches significant support, now 78 cents away from $112.46. Dipping below could be an indication that further losses are ahead.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Bitcoin Cash.
Positive performances can be seen by looking at other markets as having closed the previous session at $300.6, Binance Coin is up 4.14% today to currently trade at around $313.05. Having closed the previous session at $74.05, Litecoin is up 4.35% today to currently trade at around $77.27. Dogecoin is up 3.27%.
Having set a significant low of $88.95 17 days ago, BCH is trading 27.91% higher. BCH has a market cap of 2.18 billion with an average daily volume of 15.11 million.