the demand area at 1092.59. Dollar in the market trading stance presently. The bears continue the journey south as bullish upward rejection was seen at 700.40 in the supply area. As the bulls increase their momentum and pressure more candles may likely be formed above the 10-EMA. Accumulation territories: 600, 500, 400. The last low price point was recorded on Sept. BCH Daily Chart Prices are in consolidation in this time frame with 600 acting as a strong level of resistance. These imply downward movement in price of the cryptocurrency in the short-term as the bears' pressure becomes stronger. The bears may return at either of this fib level to resume the downtrend continuation and BCH may further drop in the medium-term outlook.
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The bears kept the momentum up as they pushed price to 679.84 in the demand area, ending yesterday session lower than the previous day. This is an indication of exhaustion of bears pressure. 512.6 in the demand area was the limit the bears could drop the coin as bearish exhaustion was seen with candles having wicks. Bchusd is ranging and trading between 161.91 in the upper supply area and at 152.45 in the lower demand area of the range. New higher highs may be seen as the bullish momentum increases in the short-term. Going by these indications, not much should be expected in the southward pushing of this crypto. This is a trend continuation zone. After breaking the 452.40 and retesting the lower demand area, the bears pushed price further down to 444.00 in the demand area before losing momentum as seen with candles with wicks at the area. The bearish momentum was strong as they pushed price down to 742.09 in the demand area. You dont come across this as often as you would like but with account holders getting free money from Air drops, there is excitement out there. BCH/USD Short-term Trend: Bullish The cryptoasset is in a bullish trend in the short-term outlook. Bitcoin Cash (BCH) Technical Analysis: July 5, 2018 Bitcoin Cash Reaping Fluidity Benefits Cryptos have a hype element and sentiment often sway price sometimes by large margins.