- William’s %R is trending inside the oversold zone, indicating that BCH/IUSD may experience bullish correction soon.
- The SMA 50 is looking to cross over SMA 20 to chart a bearish cross pattern.
- BCH/USD faces resistance at the SMA 50, SMA 20, $245.80, $264.25 and SMA 200.
BCH/USD daily chart
BCH/USD dropped from $228 to $226.57 as the price faced its fourth straight bearish day. As with the rest of the crypto market, BCH/USD had a devastating Thursday as well, where it plummeted from $239.70 to $228. The SMA 50 is looking to cross over SMA 20 to potentially chart a bearish cross pattern. William’s %R is trending inside the oversold zone, indicating that BCH/IUSD may experience bullish correction soon.
The bulls need to overcome resistance at SMA 50, SMA 20, $245.80, $264.25 and SMA 200 to reverse the current bearish market sentiment completely. The bears have to aim for the $215.20 and $203.05 support levels to maintain downward momentum.
|Today last price||226.4565|
|Today Daily Change||-1.5259|
|Today Daily Change %||-0.67|
|Today daily open||227.9824|
|Previous Daily High||242.7523|
|Previous Daily Low||220.3629|
|Previous Weekly High||265.4907|
|Previous Weekly Low||217.6786|
|Previous Monthly High||280.3806|
|Previous Monthly Low||206.3545|
|Daily Fibonacci 38.2%||228.9156|
|Daily Fibonacci 61.8%||234.1995|
|Daily Pivot Point S1||217.9795|
|Daily Pivot Point S2||207.9765|
|Daily Pivot Point S3||195.5901|
|Daily Pivot Point R1||240.3688|
|Daily Pivot Point R2||252.7552|
|Daily Pivot Point R3||262.7582|
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