BCH/USD technical analysis: Bitcoin Cash consolidating solid gains below the $400.00 mark


BCH/USD daily chart

Bitcoin Cash (BCH/USD) reached the $400.00 mark while the market trades above its main simple moving averages (SMAs).

BCH/USD 4-hour chart

The market is in consolidation mode above its main SMAs. Support is seen initially at 360.00 and then near the 333.00 price level.
The level to beat for bulls is 390.00 and 410.00 swing high. The next resistance level is seen at the 440.00 level.

Additional key levels

BCH/USD

Overview
Today last price 376.9351
Today Daily Change -12.3329
Today Daily Change % -3.17
Today daily open 389.268
 
Trends
Daily SMA20 286.2326
Daily SMA50 271.1534
Daily SMA100 202.6002
Daily SMA200 218.5647
Levels
Previous Daily High 410.6872
Previous Daily Low 362.8403
Previous Weekly High 298.7595
Previous Weekly Low 269.7372
Previous Monthly High 352.3611
Previous Monthly Low 166.4624
Daily Fibonacci 38.2% 392.4097
Daily Fibonacci 61.8% 381.1178
Daily Pivot Point S1 364.5098
Daily Pivot Point S2 339.7515
Daily Pivot Point S3 316.6628
Daily Pivot Point R1 412.3567
Daily Pivot Point R2 435.4455
Daily Pivot Point R3 460.2037

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD shoots higher following Bakkt news

Above is the 5-minute BTC/USD chart which shows the powerful surge in volume when the Bakkt announcement was made. The arrow shows the exact time of the release, prior to the story BTC/USD was trading close to 10,000.00 and bouncing off the mean value price for the day. 

More Bitcoin News

Ripple price analysis: Confluence detector shows a lack of healthy resistance and support levels

Ripple is currently trending in a flag formation and is priced at $0.259. This Thursday, the bulls kicked in after the price fell to $0.242 and took the price up to $0.264. 

More Ripple News

Cardano Foundation partners with Berlin blockchain venture studio Konfidio, market reaction muted

The Cardano Foundation revealed that they have partnered up with Berlin blockchain venture studio Konfidio. The main aim of the partnership will be to execute real-world business cases on the Cardano blockchain. According to their announcement:

More Cardano News

Ethereum: ETH/USD bear trapped below broken support range

Ethereum defended the support at $170 before a shallow recovery pulled the price above $180. ETH/USD must reclaim position in the broken support range between $190 - $200.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast

BTC

ETH

XRP