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.

Rajarshi Mitra Independent Analyst

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 price	234.2828
Today Daily Change	-1.9390
Today Daily Change %	-0.82
Today daily open	236.2218

Trends
Daily SMA20	212.2929
Daily SMA50	284.5531
Daily SMA100	304.4559
Daily SMA200	271.4691

Levels
Previous Daily High	242.6038
Previous Daily Low	230.6087
Previous Weekly High	249.8177
Previous Weekly Low	204.4384
Previous Monthly High	353.0056
Previous Monthly Low	135.8533
Daily Fibonacci 38.2%	238.0217
Daily Fibonacci 61.8%	235.1908
Daily Pivot Point S1	230.3524
Daily Pivot Point S2	224.483
Daily Pivot Point S3	218.3574
Daily Pivot Point R1	242.3475
Daily Pivot Point R2	248.4732
Daily Pivot Point R3	254.3426

Author

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