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Bitcoin Cash Price Analysis: BCH/USD flies above the $320-level

  • BCH/USD has gone up by 15% over the last six days.
  • The RSI has crept back inside the overbought zone.
Bitcoin Cash Price Analysis: BCH/USD flies above the $320-level
Rajarshi MitraRajarshi MitraIndependent Analyst

BCH/USD daily chart

BCH/USD daily chart

BCH/USD is trending in an upwards channel formation, having gone up by 15% over the last six days. This Monday, the price has flown up from $308.48 to $324.30. There are three healthy support levels at $310.45, $299 (SMA 20) and $296.76. 

The relative strength index (RSI) has crept back inside the overbought zone, showing that the price is currently a little overvalued. The MACD shows that market momentum has reversed from bearish to bullish.

Key levels

BCH/USD

Overview
Today last price324.2938
Today Daily Change15.8615
Today Daily Change %5.14
Today daily open308.4323
 
Trends
Daily SMA20297.0072
Daily SMA50258.4004
Daily SMA100249.3215
Daily SMA200270.6609
 
Levels
Previous Daily High313.9583
Previous Daily Low294.2347
Previous Weekly High309.8178
Previous Weekly Low269.5241
Previous Monthly High306.6192
Previous Monthly Low215.8202
Daily Fibonacci 38.2%306.4239
Daily Fibonacci 61.8%301.7691
Daily Pivot Point S1297.1253
Daily Pivot Point S2285.8182
Daily Pivot Point S3277.4017
Daily Pivot Point R1316.8488
Daily Pivot Point R2325.2654
Daily Pivot Point R3336.5724

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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