$BCH
BCH is up 1.54% over the past 24 hours, trading at 281.88. It has stayed between 277.26 and 288.61 today, a 4.1% range.
Trading volume is 73.69 million U, up 1.9x from the previous window. The volume ratios for the last three 1-hour candles were 1.6, 1.2, and 0.8, declining one after another. Volume has clearly piled in, yet the price range keeps narrowing, with funds repeatedly changing hands inside a band just over $11 wide. 277.26 was the actual intraday low, and the current price of 281.88 is just 4.62 above it.
The last four 1-hour closes were 286.23, 285.07, 283.68, and 283.05, retreating to around 283. The current price of 281.88 is still below them. Earlier, the 4-hour candles rose from 278.03 to 286.21, with the last two closing at 284.85 and 286.23; the center of gravity has held firm. Volume is rising as the range narrows, and neither side is willing to give ground.
A move higher first needs to clear 288.61, then 295 comes into view. A break below 277.26 would put 263 in focus.
BCH is up 1.54% over the past 24 hours, trading at 281.88. It has stayed between 277.26 and 288.61 today, a 4.1% range.
Trading volume is 73.69 million U, up 1.9x from the previous window. The volume ratios for the last three 1-hour candles were 1.6, 1.2, and 0.8, declining one after another. Volume has clearly piled in, yet the price range keeps narrowing, with funds repeatedly changing hands inside a band just over $11 wide. 277.26 was the actual intraday low, and the current price of 281.88 is just 4.62 above it.
The last four 1-hour closes were 286.23, 285.07, 283.68, and 283.05, retreating to around 283. The current price of 281.88 is still below them. Earlier, the 4-hour candles rose from 278.03 to 286.21, with the last two closing at 284.85 and 286.23; the center of gravity has held firm. Volume is rising as the range narrows, and neither side is willing to give ground.
A move higher first needs to clear 288.61, then 295 comes into view. A break below 277.26 would put 263 in focus.