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Bitcoin Cash Price Analysis: BCH/USD blast off for bulls following bull flag breakout

  • Bitcoin Cash price is trading in the green, with gains of 10% in the second half of the session.
  • BCH/USD bulls took two days to consolidate, but firmly back in control. 
  • Should the barrier at $360 be broken down, the next major price mark will be eyed at $500. 
Bitcoin Cash Price Analysis: BCH/USD blast off for bulls following bull flag breakout
Ken ChigboKen ChigboIndependent Analyst

BCH/USD weekly chart

The price is running with decent momentum to the upside, four consecutive weeks in the green. 

BCH/USD daily chart

Market bulls are trying to break down heavy resistance at $360, a breach should open the door to further upside momentum. 

Spot rate:                   333.25

Relative change:      +10.50%

High:                           363.05

Low:                            319.49

BCH/USD

Overview
Today last price358.6424
Today Daily Change31.7875
Today Daily Change %9.73
Today daily open326.8549
 
Trends
Daily SMA20247.436
Daily SMA50220.59
Daily SMA100235.3876
Daily SMA200272.7141
 
Levels
Previous Daily High342.4108
Previous Daily Low309.5672
Previous Weekly High274.7431
Previous Weekly Low220.4011
Previous Monthly High220.5853
Previous Monthly Low170.0256
Daily Fibonacci 38.2%322.1135
Daily Fibonacci 61.8%329.8646
Daily Pivot Point S1310.1445
Daily Pivot Point S2293.434
Daily Pivot Point S3277.3008
Daily Pivot Point R1342.9881
Daily Pivot Point R2359.1213
Daily Pivot Point R3375.8317

Author

Ken Chigbo

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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