« Predicting price fluctuations in the cryptocurrency market: Study Bitcoin Cash (BCH) and pre -sale technical analysis »
The cryptocurrency market has experienced rapid growth and instability in recent years, and many new coins have risen to take advantage of the trend. Among these newer players are the Bitcoin Cash (BCH), which has paid attention to its potential to challenge Bitcoin’s dominance (BTC). In this article, we will look at how pre-sales technical analysis can be used to predict price fluctuations in the BCH market.
What is your pre -sales?
Pre -sale refers to the phase of the original coin supply (ICO) or brands where investors and enthusiasts can buy the cuffs at a discounted price before official launch. This allows early deployers to get their hands on their new cryptocurrency, often cheaper than retail investors who are waiting for official publication.
Technical analysis (BCH)
Bitcoin Cash is a digital currency of peer networks that aims to improve its predecessor’s Bitcoin restrictions. It was created by Anthony di Iorio and Laszlo Hanyecz in 2017 as a fork of Bitcoin Blockchain. BCH has gained popularity thanks to the faster block time and higher transaction fees.
In order to analyze prices, technical analysis allows us to view different indicators such as moving averages, relative strength index (RSI) and bollinger lanes. Here are some key points:
* Moving Average Cross -Crosses : One of the most popular technical tools in the encryption market is the mobile average cross -technology. In this method, the short-term sliding average is drawn above the long-term slide average or below the average or lower to identify or selling or selling signals.
* Relative strength index (RSI) : RSI measures the magnitude of recent prices to determine over -purchased or oversized conditions. The reading of more than 70 shows extra conditions, while the less than 30 reading indicates the conditions of the conditions.
* Bollinger lanes : Bollinger lanes are a kind of volatility indicator that describes a moving average lane around the price diagram. When the price closes inside the band, it may indicate a possible turn at a speed.
Bitcoin Cash (BCH) Pre -sale Analysis **
Given the pre -sale phase of the BCH, the technical analysis can be applied to predicting price fluctuations during this time. Here are some of the special techniques we use:
* Moving Average Cross-Crosses : We analyze BCH’s short-term and long-term moving averages to identify potential purchasing or sellers signals.
* RSI : We investigate the RSI chart to determine whether prices have exceeded more than 70, indicating overloaded conditions. If they do so, we may look for speed.
* Bollinger lanes : We analyze the price measures of Bollinger lanes to identify potential twists or continuation of the trends.
Example analysis:
Assuming that BCH has reached a low point of $ 3.50 and a short -term sliding average (SMA) is above the long -term SMA ($ 4.00), we may find a shopping signal if we see the rising cross between SMA and the price line. The RSI chart may also indicate extra conditions, but if it exceeds 70, this may be a sign for sale.
conclusion
Predicting price fluctuations in the BCH market requires careful technical analysis, including average cross, relative strength index (RSI) and bollinger lanes. By applying these techniques to sales information, investors can gain valuable insights into potential purchase or sale signals and make conscious decisions at this stage of ICO.
Remember that pre -sales technical analysis is not a guarantee of success, but an extra tool in your toolbox that will help you navigate the risks and rewards associated with the cryptocurrency market. Always do your own research and contact experts before making investment decisions.