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Bitcoin Cash Price Analysis: BCH/USD finds resistance at SMA 50

  • Currently, the buyers and the sellers are fighting with each other for control.
  • The price is trending horizontally in the lower half of the 20-day Bollinger band.
Bitcoin Cash Price Analysis: BCH/USD finds resistance at SMA 50
Rajarshi MitraRajarshi MitraIndependent Analyst

BCH/USD daily chart

BCH/USD daily chart

BCH/USD bulls took control after two straight bearish days as the price went up from $239.57 to $240.55. The price is currently trending horizontally in the lower half of the 20-day Bollinger Band and has found resistance at the SMA 50. The MACD shows decreasing bearish momentum, while the Elliott Oscillator indicates that the market isn’t in favor of either the buyers or the sellers as the two wrestle for control.

BCH/USD bulls need to overcome resistance at the SMA 50, SMA 20, $254.80, $267.74, SMA 200. On the downside, healthy support lies at $228.85 and $207.15.

Key levels

BCH/USD

Overview
Today last price240.6235
Today Daily Change1.0542
Today Daily Change %0.44
Today daily open239.5693
 
Trends
Daily SMA20245.6416
Daily SMA50240.4728
Daily SMA100272.0734
Daily SMA200270.08
 
Levels
Previous Daily High247.5737
Previous Daily Low234.292
Previous Weekly High265.4907
Previous Weekly Low217.6786
Previous Monthly High280.3806
Previous Monthly Low206.3545
Daily Fibonacci 38.2%239.3656
Daily Fibonacci 61.8%242.5001
Daily Pivot Point S1233.3829
Daily Pivot Point S2227.1966
Daily Pivot Point S3220.1012
Daily Pivot Point R1246.6647
Daily Pivot Point R2253.76
Daily Pivot Point R3259.9464


 

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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