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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. 
Bitcoin Cash Price Analysis: BCH/USD consolidating after a critical breakout
Ken ChigboKen ChigboIndependent 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 price223.8576
Today Daily Change2.8439
Today Daily Change %1.29
Today daily open221.0137
 
Trends
Daily SMA20225.6865
Daily SMA50326.4908
Daily SMA100301.3517
Daily SMA200275.1002
 
Levels
Previous Daily High231.089
Previous Daily Low213.4717
Previous Weekly High245.8036
Previous Weekly Low147.0667
Previous Monthly High496.9345
Previous Monthly Low299.0373
Daily Fibonacci 38.2%220.2015
Daily Fibonacci 61.8%224.3592
Daily Pivot Point S1212.6273
Daily Pivot Point S2204.2409
Daily Pivot Point S3195.01
Daily Pivot Point R1230.2445
Daily Pivot Point R2239.4754
Daily Pivot Point R3247.8618

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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