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

BCH/USD daily chart

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 price228.3868
Today Daily Change0.3795
Today Daily Change %0.17
Today daily open228.0073
 
Trends
Daily SMA20239.3748
Daily SMA50240.3984
Daily SMA100257.8413
Daily SMA200268.1534
 
Levels
Previous Daily High231.2524
Previous Daily Low224.0034
Previous Weekly High255.4434
Previous Weekly Low220.3629
Previous Monthly High280.3806
Previous Monthly Low206.3545
Daily Fibonacci 38.2%226.7725
Daily Fibonacci 61.8%228.4833
Daily Pivot Point S1224.2563
Daily Pivot Point S2220.5053
Daily Pivot Point S3217.0073
Daily Pivot Point R1231.5053
Daily Pivot Point R2235.0033
Daily Pivot Point R3238.7543


 

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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