Bitcoin Cash Price Analysis: BCH/USD bulls sustain a late bearish charge to keep the price above $225

BCH/USD has managed to stay in charge for the second straight day.
There was a brief retreat from the $225-zone, but the buyers have since restored order.
The MACD, however, shows sustained bearish momentum.

Rajarshi Mitra Independent Analyst

BCH/USD daily chart

BCH/USD bulls stayed in control for the second straight day as the price went up from $222.47 to $225.55. During the day, the price retreated slightly from the $225 level but has since peeked back into the zone. Despite the bullish price action of the last two days, the MACD shows that the market momentum is currently bearish.

Support and Resistance

BCH/USD has three strong resistance levels at $229.82, $234.85 (SMA 20) and $239.90. On the downside, there is healthy support at $216.75

Key levels

BCH/USD

Overview
Today last price	224.9374
Today Daily Change	2.4832
Today Daily Change %	1.12
Today daily open	222.4542

Trends
Daily SMA20	236.3152
Daily SMA50	239.3864
Daily SMA100	237.5413
Daily SMA200	269.0655

Levels
Previous Daily High	225.3721
Previous Daily Low	213.3598
Previous Weekly High	245.5386
Previous Weekly Low	226.1723
Previous Monthly High	277.2914
Previous Monthly Low	217.6786
Daily Fibonacci 38.2%	220.7834
Daily Fibonacci 61.8%	217.9485
Daily Pivot Point S1	215.4186
Daily Pivot Point S2	208.383
Daily Pivot Point S3	203.4063
Daily Pivot Point R1	227.431
Daily Pivot Point R2	232.4077
Daily Pivot Point R3	239.4433

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 bulls sustain a late bearish charge to keep the price above $225