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Bitcoin Cash Price Analysis: BCH/USD bulls wrest back control and price consolidates below $250

  • BCH/USD bounces up after finding support at the SMA 20 curve.
  • The MACD shows that market momentum has reversed from bearish to bullish.
Bitcoin Cash Price Analysis: BCH/USD bulls wrest back control and price consolidates below $250
Rajarshi MitraRajarshi MitraIndependent Analyst

BCH/USD daily chart

BCH/USD daily chart

Following a bearish Tuesday, BCH/USD bulls took back control as the price went up slightly from $246.90 to $247.50. The price bounced back after finding support at the SMA 20 curve. The MACD shows that market momentum has reversed from bearish to bullish. The Elliott Oscillator is back in the green following a red session. 

The price has strong resistance levels on the upside at $258.40, $267.55 and SMA 200. On the downside, apart from the SMA 20, there are healthy support levels at SMA 50, $233.50 and $217.

Key levels

BCH/USD

Overview
Today last price246.5893
Today Daily Change-0.3039
Today Daily Change %-0.12
Today daily open246.8932
 
Trends
Daily SMA20246.1671
Daily SMA50240.0889
Daily SMA100274.1826
Daily SMA200270.277
 
Levels
Previous Daily High250.6751
Previous Daily Low242.4489
Previous Weekly High265.4907
Previous Weekly Low217.6786
Previous Monthly High280.3806
Previous Monthly Low206.3545
Daily Fibonacci 38.2%245.5913
Daily Fibonacci 61.8%247.5327
Daily Pivot Point S1242.6697
Daily Pivot Point S2238.4462
Daily Pivot Point S3234.4435
Daily Pivot Point R1250.8959
Daily Pivot Point R2254.8986
Daily Pivot Point R3259.1221


 

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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