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Bitcoin Cash Price Analysis: BCH/USD bulls comeback as daily price charts bullish cross pattern

BCH/USD bulls came back following a bearish Tuesday.
The SMA 20 has crossed above the SMA 50, to chart a bullish cross pattern.
The MACD shows decreasing bullish momentum.

Rajarshi Mitra Independent Analyst

BCH/USD daily chart

BCH/USD bulls stepped in after a bearish Tuesday as the price went up from $254 to $254.40. The SMA 20 has crossed above the SMA 50, to chart a bullish cross pattern. The MACD shows decreasing bullish momentum, while the Elliott Oscillator has had two consecutive red sessions.

Support and Resistance

BCH/USD daily charts has three strong resistance levels on the upside at $258, $265.45 and SMA 200. On the downside, there are four healthy support levels at $246.50, SMA 20, SMA 50 and $238.80.

Key levels

BCH/USD

Overview
Today last price	254.7523
Today Daily Change	0.6533
Today Daily Change %	0.26
Today daily open	254.099

Trends
Daily SMA20	243.2951
Daily SMA50	243.3319
Daily SMA100	241.2548
Daily SMA200	266.8926

Levels
Previous Daily High	257.1318
Previous Daily Low	249.9873
Previous Weekly High	269.2895
Previous Weekly Low	236.2802
Previous Monthly High	277.2914
Previous Monthly Low	217.6786
Daily Fibonacci 38.2%	252.7165
Daily Fibonacci 61.8%	254.4026
Daily Pivot Point S1	250.3469
Daily Pivot Point S2	246.5949
Daily Pivot Point S3	243.2024
Daily Pivot Point R1	257.4914
Daily Pivot Point R2	260.8839
Daily Pivot Point R3	264.6359

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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