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Bitcoin Cash Price Analysis: BCH/USD critical range breakout of $250-200 will spark an explosive move

  • Bitcoin Cash price is trading in the green, with gains of 5.80% in the second half of the session.
  • BCH/USD price action has offered little over the last five weeks, with an explosive range-breakout eyed. 
  • A chunky upside barrier should be noted at $250, with support down at $200
Bitcoin Cash Price Analysis: BCH/USD critical range breakout of $250-200 will spark an explosive move
Ken ChigboKen ChigboIndependent Analyst

BCH/USD daily chart

Trading conditions are tight, as the daily price action moves within a range-block.

BCH/USD 60-minute chart

Bulls enjoyed an explosive breakout from a narrowing range block formation, inviting a fresh wave of buying pressure. 

Spot rate:                232.40

Relative change:    +5.80%

High:                        234.00

Low:                         217.87

BCH/USD

Overview
Today last price232.6556
Today Daily Change12.8940
Today Daily Change %5.87
Today daily open219.7616
 
Trends
Daily SMA20235.9353
Daily SMA50234.9247
Daily SMA100306.3861
Daily SMA200268.9696
 
Levels
Previous Daily High223.7855
Previous Daily Low215.7607
Previous Weekly High245.5439
Previous Weekly Low206.3545
Previous Monthly High353.0056
Previous Monthly Low135.8533
Daily Fibonacci 38.2%220.72
Daily Fibonacci 61.8%218.8262
Daily Pivot Point S1215.7531
Daily Pivot Point S2211.7445
Daily Pivot Point S3207.7282
Daily Pivot Point R1223.7779
Daily Pivot Point R2227.7941
Daily Pivot Point R3231.8027

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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