BCH/USD: Market volatility decreases as BCH/USD trends sideways - Technical Analysis
|BCH/USD daily chart
- BCH/USD daily chart shows that the price has dropped $2.5 from $133 to $130.50 over the last two sessions.
- The moving average convergence/divergence (MACD) histogram shows that the price has become less volatile and bullish momentum has decreased considerably.
BCH/USD 4-hour chart
- The relative strength index (RSI) has gone below the midway point and is creeping towards the oversold territory.
- The 50-day simple moving average (SMA 50) curve has crossed over the SMA 20 curve which is a sell sign.
BCH/USD hourly chart
- The 20-day Bollinger band again shows that the price is getting less volatile.
- The hourly price has been trending below the SMA 20 curve for the last ten sessions.
Key Levels
- Resistance 3: $142.5721
- Resistance 2: $139.7437
- Resistance 1: $135.6888
- Pivot Point: $132.8604
- Support 1: $128.8055
- Support 2: $125.9771
- Support 3: $121.9222
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