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Purse.io reckons Bitcoin cash better than other altcoins for instant transactions – Lingering BCH/USD dips on flurry of bearish signals

  • The price of BCHUSD pair is experiencing a major bearish trend. The minor trend of BCHUSD slides through falling wedge formation (refer daily chart).
  • Shooting Star patterns pop up at stiff resistance (at 755.4 and 763.5 levels) coupled with bearish momentum to signal weakness. Consequently, the bears plummet prices below DMAs.
  • While on intermediate trend, the current prices sliding below EMAs, more dips likely on bearish EMA & MACD crossovers as both leading oscillators also substantiate bearish momentum (refer weekly plotting). The strong support is seen at 597.7 levels.
  • The reputed firm Purse.io has officially announced its full BCH integration due to the overwhelming requests from people asking the company to deploy more coin support. Sources say that the development team at Bitcoin Cash is focusing on optimizing for fast day to day transactions. This is the sole reason why Purse chose to implement Bitcoin Cash over cryptocurrencies like Ethereum.

Currency Strength Index: FxWirePro's hourly BTC spot index has shown -78 (which is bearish), while hourly USD spot index was at 141 (bullish) while articulating at 09:05 GMT.

For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex

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November 15 11:30 UTC Released

TREndYear CPI Fcst/Cb Svy

Actual

24.45 %

Forecast

Previous

24.22 %

November 15 11:00 UTC Released

EZReserve Assets Total

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696.85 EUR

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Previous

673.92 EUR

January 31 00:00 UTC 415495415495m

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2016 bln ARS

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January 22 19:00 UTC 427315427315m

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-1541 %

January 31 00:00 UTC 415495415495m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 427315427315m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 415495415495m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 415495415495m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 415495415495m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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