Bitcoin Cash Price Analysis: BCH/USD continues to trend in the lower half of the 20-day Bollinger Band

BCH/USD has had a bullish start to Wednesday following a bearish Tuesday.
William’s %R has bounced up from the oversold zone following Wednesday’s bullish price action.

Rajarshi Mitra Independent Analyst

BCH/USD daily chart

BCH/USD had a bullish start to Wednesday as the price went up from $228.08 to $228.77. Following this positive price action, the William’s %R has bounced up from the edge of the oversold zone. BCH/USD continues to consolidate in the lower half of the 20-day Bollinger Band, below the downward trending line.

BCH/USD current faces resistance at the downward trending line, $233.60, SMA 20, SMA 50 and $242.25. On the downside, BCH/USD has strong support at $223.18 and $215.45.

Key levels

BCH/USD

Overview
Today last price	228.3868
Today Daily Change	0.3795
Today Daily Change %	0.17
Today daily open	228.0073

Trends
Daily SMA20	239.3748
Daily SMA50	240.3984
Daily SMA100	257.8413
Daily SMA200	268.1534

Levels
Previous Daily High	231.2524
Previous Daily Low	224.0034
Previous Weekly High	255.4434
Previous Weekly Low	220.3629
Previous Monthly High	280.3806
Previous Monthly Low	206.3545
Daily Fibonacci 38.2%	226.7725
Daily Fibonacci 61.8%	228.4833
Daily Pivot Point S1	224.2563
Daily Pivot Point S2	220.5053
Daily Pivot Point S3	217.0073
Daily Pivot Point R1	231.5053
Daily Pivot Point R2	235.0033
Daily Pivot Point R3	238.7543

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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