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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.

BCH/USD daily chart

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 price267.4477
Today Daily Change-1.2550
Today Daily Change %-0.47
Today daily open268.7027
 
Trends
Daily SMA20290.4511
Daily SMA50272.3253
Daily SMA100254.7505
Daily SMA200263.412
 
Levels
Previous Daily High272.0525
Previous Daily Low261.255
Previous Weekly High294.8808
Previous Weekly Low258.4607
Previous Monthly High306.6192
Previous Monthly Low215.8202
Daily Fibonacci 38.2%267.9278
Daily Fibonacci 61.8%265.3796
Daily Pivot Point S1262.621
Daily Pivot Point S2256.5392
Daily Pivot Point S3251.8235
Daily Pivot Point R1273.4185
Daily Pivot Point R2278.1342
Daily Pivot Point R3284.2159


 

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.

More from Rajarshi Mitra
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