Bitcoin Cash Price Analysis: BCH/USD sandwiched between SMA 50 and SMA 200

BCH/USD bears took control following a bullish Friday.
The MACD shows sustained bearish market momentum.

Rajarshi Mitra Independent Analyst

BCH/USD daily chart

BCH/USD bears stepped in following a bullish Friday as the price dropped from $268.67 to $267.53. The price is trending in a downward channel formation and is presently sandwiched between the SMA 50 and SMA 200 curves. The MACD shows sustained bearish momentum.

BCH/USD has strong resistance levels at $273.50 (SMA 50), $275.80, $283 and $288.75 (SMA 20). On the downside, we have healthy support levels at $264.75, $261 (SMA 200) and $250.65.

Key levels

BCH/USD

Overview
Today last price	267.4477
Today Daily Change	-1.2550
Today Daily Change %	-0.47
Today daily open	268.7027

Trends
Daily SMA20	290.4511
Daily SMA50	272.3253
Daily SMA100	254.7505
Daily SMA200	263.412

Levels
Previous Daily High	272.0525
Previous Daily Low	261.255
Previous Weekly High	294.8808
Previous Weekly Low	258.4607
Previous Monthly High	306.6192
Previous Monthly Low	215.8202
Daily Fibonacci 38.2%	267.9278
Daily Fibonacci 61.8%	265.3796
Daily Pivot Point S1	262.621
Daily Pivot Point S2	256.5392
Daily Pivot Point S3	251.8235
Daily Pivot Point R1	273.4185
Daily Pivot Point R2	278.1342
Daily Pivot Point R3	284.2159

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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