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Bitcoin Cash Price Analysis: BCH/USD bulls need to break above $250 for greater buying pressure

Bitcoin Cash price is trading in the green, with gains of 0.20% in the second half of the session.
BCH/USD is back within the control of the market bulls, running towards four straight days in the green.
In terms of key levels to note, an upside barrier should be noted at $250, with support down at $200.

Ken Chigbo Independent Analyst

BCH/USD daily chart

The bulls must break above $250, to invite greater buying momentum.

BCH/USD 60-minute chart

A bullish pennant flag structure is viewable via the 60-minute chart view, subject to a potential breakout north.

Spot rate: 232.40

Relative change: +0.20%

High: 236.49

Low: 229.97

BCH/USD

Overview
Today last price	237.8697
Today Daily Change	4.5804
Today Daily Change %	1.96
Today daily open	233.2893

Trends
Daily SMA20	235.991
Daily SMA50	232.9953
Daily SMA100	306.0491
Daily SMA200	269.0271

Levels
Previous Daily High	236.2074
Previous Daily Low	217.8748
Previous Weekly High	245.5439
Previous Weekly Low	206.3545
Previous Monthly High	353.0056
Previous Monthly Low	135.8533
Daily Fibonacci 38.2%	229.2044
Daily Fibonacci 61.8%	224.8779
Daily Pivot Point S1	222.0403
Daily Pivot Point S2	210.7912
Daily Pivot Point S3	203.7077
Daily Pivot Point R1	240.3729
Daily Pivot Point R2	247.4564
Daily Pivot Point R3	258.7055

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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BCH/USD daily chart

BCH/USD 60-minute chart

BCH/USD

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