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Bitcoin Cash Technical Analysis: BCH/USD is showing signs of a bullish trend change

  • Bitcoin Cash is trading over 13% higher today as geopolitical concerns push the crypto market higher.
  • The price has now made a higher low higher high formation and broken the trendline.

Bitcoin Cash Daily Chart

Bitcoin Cash pushes above 200.00 again as sentiment improves in the crypto sphere.

The price has now pushed above the 55 Daily EMA.

Also the trendline has now been broken to the upside on the chart below.

Looking at price waves to the market has now made a higher low and higher high formation.

The RSI is also in a positive zone but be aware of a bearish failure swing.

Additional Levels

BCH/USD

Overview
Today last price 222.24
Today Daily Change 26.9877
Today Daily Change % 13.82
Today daily open 195.2523
 
Trends
Daily SMA20 195.6675
Daily SMA50 212.0613
Daily SMA100 229.6831
Daily SMA200 285.2099
 
Levels
Previous Daily High 204.8204
Previous Daily Low 192.6485
Previous Weekly High 203.6802
Previous Weekly Low 182.5682
Previous Monthly High 220.5853
Previous Monthly Low 170.0256
Daily Fibonacci 38.2% 197.2982
Daily Fibonacci 61.8% 200.1707
Daily Pivot Point S1 190.327
Daily Pivot Point S2 185.4017
Daily Pivot Point S3 178.155
Daily Pivot Point R1 202.499
Daily Pivot Point R2 209.7457
Daily Pivot Point R3 214.671

 

 

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