Bitcoin Cash Price Prediction: Huge rally pushes BCH/USD up to $300 with more upside potential- Confluence Detector
|- BCH/USD went up by 14.4% since Thursday.
- Prominent resistance level lies at $309.
Bitcoin Cash went up from $264.35 to $302 as it charted a 14.4% growth since Thursday. The daily confluence detector shows that there is a lack of any significant resistance levels which can help boost the price up even more. If the bulls gain enough momentum, then they can boost the price up to $315 this Saturday.
BCH/USD Daily Confluence Detector
The resistance level is at $309. The confluence at that level is - Monthly 23.6% Fibonacci retracement level.
The support levels are at $289-$290, $284, $281-$283, and $281. The confluences at those levels are:
- $289-$290: SMA 5, 4-hour Bollinger band upper curve, 4-hour previous high, SMA 50, daily 23.6% Fibonacci retracement level, SMA 10, and hourly previous high.
- $284: Hourly Bollinger band middle curve and daily 38.2% Fibonacci retracement level.
- $281-$283: Monthly 38.2% Fibonacci retracement level and daily Bollinger band middle curve.
- $281: Weekly 23.6% Fibonacci retracement level and 100-day simple moving average (SMA 100).
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