Bitcoin Cash Price Analysis: BCH/USD goes up by 5.35% as price breaks above $240


  • BCH/USD bulls took charge after four straight bearish sessions.
  • The price currently has found resistance at the green Ichimoku cloud.
  • William’s %R has bounced up from the oversold zone to -50.

BCH/USD daily chart

BCH/USD daily chart

BCH/USD bulls have taken charge of the market as the price jumped from $230 to $242.30. The price is currently on the verge of entering the green Ichimoku cloud. William’s %R has bounced up from the oversold zone to -50, following bullish price action. Finally, the MACD has gone down from -1.82 to -1.08, indicating decreasing bearish market momentum.

Support and Resistance

BCH/USD faces immediate resistance at the SMA 50 curve. Apart from that, BCH/USD faces resistance at SMA 50, SMA 20, $246.65 and $253.40. On the downside, good support lies at $240.40 and $235.

Key levels

BCH/USD

Overview
Today last price 242.3215
Today Daily Change 12.2781
Today Daily Change % 5.34
Today daily open 230.0434
 
Trends
Daily SMA20 244.4415
Daily SMA50 242.3735
Daily SMA100 234.2689
Daily SMA200 268.3439
 
Levels
Previous Daily High 233.8966
Previous Daily Low 229.6263
Previous Weekly High 242.9648
Previous Weekly Low 224.2956
Previous Monthly High 277.2914
Previous Monthly Low 217.6786
Daily Fibonacci 38.2% 231.2575
Daily Fibonacci 61.8% 232.2653
Daily Pivot Point S1 228.4809
Daily Pivot Point S2 226.9184
Daily Pivot Point S3 224.2106
Daily Pivot Point R1 232.7513
Daily Pivot Point R2 235.4591
Daily Pivot Point R3 237.0216

 


 

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