Close
- All Market News
  All the dates you need for your trading diary.
- Indices News
  Your news hub for the S&P, FTSE, Nikkei, NASDAQ and so many more.
- Crypto News
  Tales from the Crypto world all in one place.
- Commodities News
  Insightful news across the Metals and Agriculture industries.
- Forex News
  Extensive coverage of the planet’s most liquid market.
- Energies News
  Oil & Gas traders will find this section invaluable.
- Stock News
  Read news on the movers and shakers in the Stock market.
- ETF News
  All the dates you need for your trading diary.
- All Daily Analysis
  Get a healthy mix of technical analysis and the movers and shakers.
- Daily Technical Analysis
  Learn how to read charts like the best in the business.
- Gainers and Losers
  Find out who’s up, and who’s down.
- All Learn to Trade
  Not sure where to start? Go here and let something catch your eye.
- Terminology
  An A-Z of the most common trading terms and phrases.
- Guides
  Get quick answers to the most frequently asked trading questions.
- Strategies
  Learn common trading strategies used by the best traders.
- Indicators
  We demystify charts and show you powerful charting tools.
- Courses
  We provide comprehensive trading courses on a variety of topics.
- Trading SignalsNEW
  Get Trading Signals from the FCA-regulated Signal Centre
- Dynamic Data
  Cut through the noise with market alerts tailored to your trading strategy.
- Research Terminal
  Deep coverage of the global markets with world-class insights.
- Economic Calendar
  Never miss a market update and time your trades like an expert.
- Corporate Calendar
  Dividend announcements, earnings releases, and a ton of other corporate info.
- Expert Advisor (EAs)
  Download your EA and unleash full power of LearnFX directly in your MetaTrader terminal.
Trading Signals

Bitcoin Cash decreases $2.75 following previous session close at $120.21

04 May 2023

BCHUSD

Bitcoin Cash drops from $120.21 to $117.46, losing $2.75 (2.29%) today.

Trend-focused traders would be interested to note that Bitcoin Cash made an initial break below its 200 day Simple Moving Average at $118.52, a possible indication of a forthcoming negative trend. According to asset volatility analysis, Bitcoin Cash's lower Bollinger Band® is at $110.57, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Support/Resistance levels obtained from chart analysis indicate that BCH could begin to recover as it approaches significant support, now $1.53 away from $115.93. Dipping below could be an indication that further losses are ahead.

All in all, the technical analysis suggests Bitcoin Cash has no clear-cut direction.

In the meantime, negative performances are also seen in other markets, EOS closed at $1 (down 2.72%). UNICORN Token USD closed at $6.43 (down 2.98%).

Other assets are showing positive performances as FTX Token gained 9.54% and is now trading at $1.36.

Bitcoin Cash is trading 57.59% lower compared to the $280.42 high it reached over the past year. BCH has a market cap of 2.28 billion with an average daily volume of 112.56 million.

Market Summary

Latest Crypto News

View All

Polkadot cryptocurrency trades up $0.036, approximately 0.64% higher this afternoon

Ether cryptocurrency trades up $15.34, approximately 0.8% higher going into tomorrow

Passive Asia-Pacific markets defy bearish US sentiment

XRP is down 0.31%, trading at $0.458

Bitcoin Cash down $3.19 reaching $113, for its 4th straight negative day

Copyright @2022 Learn and Consult FZ-LLC. The company is incorporated according to the laws of Dubai and the United Arab Emirates.

The information contained on this website — including analysis, trading research, market opinion, news and instrument prices — is provided for information purposes only and should not be construed, under any circumstances, as investment advice. You agree that LearnFX is not responsible for any losses or damages you may incur as a result of any action you may take regarding the information contained on this website. The regulated signals offered by this website are provided by a third-party service provider and you understand that any losses you may experience from using these signals are entirely at your own risk and liability. By using this site, you implicitly agree that nothing contained on the site shall be construed as a solicitation to buy or sell any product or service in a jurisdiction where its purchase or sale would be contrary to local laws.

Risk warning: Trading in financial instruments carries a substantial risk to your investment and may not be suitable for you. LearnFX strongly recommends that you fully understand the risks involved with trading and whether you have the financial means to take the risks involved. Should you be unsure of your suitability for trading, you can contact a personal financial advisor in your local jurisdiction who will be able to help you assess your competency for trading and investment.

Signal Centre is a trading name of PIA First Limited which is authorised and regulated by the Financial Conduct Authority which can be checked here FRN 787261. Registered in England & Wales, company number 07428345. Registered Office: Kemp House, 152 City Road, London EC1V 2NX. VAT number 153 646014.