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Bitcoin Cash Price Analysis: BCH/USD bears take control and send price below the $235 level

  • BCH/USD went up from $232.25 to $236.19 this Friday.
  • The RSI indicator has settled itself around the neutral zone.
Bitcoin Cash Price Analysis: BCH/USD bears take control and send price below the $235 level
Rajarshi MitraRajarshi MitraIndependent Analyst

BCH/USD daily chart

BCH/USD daily chart

BCH/USD bears took control after a hattrick of bullish days as the price dropped from $236.19 to $234.30. The SMA 200 is on course to cross over the SMA 50 to chart the bearish death cross pattern, while the 20-day Bollinger jaw has narrowed, indicating decreasing price volatility. The MACD shows that the market momentum is still bullish and is trending around the 8.90-level. The RSI indicator has settled around the neutral zone.

Key levels

BCH/USD

Overview
Today last price234.2828
Today Daily Change-1.9390
Today Daily Change %-0.82
Today daily open236.2218
 
Trends
Daily SMA20212.2929
Daily SMA50284.5531
Daily SMA100304.4559
Daily SMA200271.4691
 
Levels
Previous Daily High242.6038
Previous Daily Low230.6087
Previous Weekly High249.8177
Previous Weekly Low204.4384
Previous Monthly High353.0056
Previous Monthly Low135.8533
Daily Fibonacci 38.2%238.0217
Daily Fibonacci 61.8%235.1908
Daily Pivot Point S1230.3524
Daily Pivot Point S2224.483
Daily Pivot Point S3218.3574
Daily Pivot Point R1242.3475
Daily Pivot Point R2248.4732
Daily Pivot Point R3254.3426

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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