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GBP/USD

Bitcoin Cash Price Analysis: BCH/USD consolidating after a critical breakout

Bitcoin Cash price is trading in the green, with gains of 1.50% in the second half of the session.
BCH/USD price action remains narrow following the bulls pushing above a pennant.
There is still much supply within the region of $225-50 that the bulls will need to break down.

Ken Chigbo Independent Analyst

BCH/USD daily chart

Conditions via the daily have offered little in terms of direction. The price is capped to the upside at $230, to the downside at $200.

BCH/USD 60-minute chart

A range block is containing price action at present, the next breakout could be trend defining for the near-term.

Spot rate: 223.88

Relative change: +1.30%

High: 228.17

Low: 218.24

BCH/USD

Overview
Today last price	223.8576
Today Daily Change	2.8439
Today Daily Change %	1.29
Today daily open	221.0137

Trends
Daily SMA20	225.6865
Daily SMA50	326.4908
Daily SMA100	301.3517
Daily SMA200	275.1002

Levels
Previous Daily High	231.089
Previous Daily Low	213.4717
Previous Weekly High	245.8036
Previous Weekly Low	147.0667
Previous Monthly High	496.9345
Previous Monthly Low	299.0373
Daily Fibonacci 38.2%	220.2015
Daily Fibonacci 61.8%	224.3592
Daily Pivot Point S1	212.6273
Daily Pivot Point S2	204.2409
Daily Pivot Point S3	195.01
Daily Pivot Point R1	230.2445
Daily Pivot Point R2	239.4754
Daily Pivot Point R3	247.8618

Author

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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BCH/USD daily chart

BCH/USD 60-minute chart

BCH/USD

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