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. 


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


Today last price 223.8576
Today Daily Change 2.8439
Today Daily Change % 1.29
Today daily open 221.0137
Daily SMA20 225.6865
Daily SMA50 326.4908
Daily SMA100 301.3517
Daily SMA200 275.1002
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



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