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.

Rajarshi Mitra Independent Analyst

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 price	324.2938
Today Daily Change	15.8615
Today Daily Change %	5.14
Today daily open	308.4323

Trends
Daily SMA20	297.0072
Daily SMA50	258.4004
Daily SMA100	249.3215
Daily SMA200	270.6609

Levels
Previous Daily High	313.9583
Previous Daily Low	294.2347
Previous Weekly High	309.8178
Previous Weekly Low	269.5241
Previous Monthly High	306.6192
Previous Monthly Low	215.8202
Daily Fibonacci 38.2%	306.4239
Daily Fibonacci 61.8%	301.7691
Daily Pivot Point S1	297.1253
Daily Pivot Point S2	285.8182
Daily Pivot Point S3	277.4017
Daily Pivot Point R1	316.8488
Daily Pivot Point R2	325.2654
Daily Pivot Point R3	336.5724

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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BCH/USD daily chart

Key levels

BCH/USD

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