• BCH/USD still looks like it is in a downtrend at the moment and 200 could be under threat.
  • Below 200 there is a trendline support that could come into play is the bears push price hard.


Bitcoin Cash is making consecutive lower lows and lower highs at the moment as the bearish phase continues. 

The BCH/USD price is still under the main value area on the chart where most contracts have been traded.

The relative strength index is still looking depressed and hit the oversold level last week. 

Now there seems to be a slight bear flag formation forming ahead of the 200 psychological support level.

Volume has been light on the sell-side but the price is still hitting lower levels.


Bitcoin Cash Analysis



Today last price 221.4705
Today Daily Change -8.8085
Today Daily Change % -3.83
Today daily open 230.279
Daily SMA20 238.0096
Daily SMA50 276.215
Daily SMA100 304.8289
Daily SMA200 323.6083
Previous Daily High 240.3
Previous Daily Low 229.3194
Previous Weekly High 235.7682
Previous Weekly Low 212.0442
Previous Monthly High 333.7339
Previous Monthly Low 202.6094
Daily Fibonacci 38.2% 233.514
Daily Fibonacci 61.8% 236.1054
Daily Pivot Point S1 226.2989
Daily Pivot Point S2 222.3188
Daily Pivot Point S3 215.3183
Daily Pivot Point R1 237.2796
Daily Pivot Point R2 244.2801
Daily Pivot Point R3 248.2602



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