TRENDING:
BoJ Interest Rate
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

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.
Bitcoin Cash Price Analysis: BCH/USD sandwiched between SMA 50 and SMA 200
Rajarshi MitraRajarshi MitraIndependent Analyst

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
Share:

Editor's Picks

Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower

Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations

Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations

Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
Bitcoin, Ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

Bitcoin, Ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

Crypto traders betting on higher prices had about $1.29 billion in positions forcibly closed over the past 24 hours, as the selloff following Binance’s security breach pushed bitcoin, ether and smaller tokens lower. Total liquidations reached $1.53 billion by Friday morning in Asia, according to CoinGlass. Long positions, bets that prices would rise, accounted for 83.8% of the total.
Crypto Today: Bitcoin, Ethereum, XRP sell-off cools after Binance security breach

Crypto Today: Bitcoin, Ethereum, XRP sell-off cools after Binance security breach

Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20. The cooldown follows Binance, the largest crypto exchange, after it reported a hack that impacted about $6.3 billion.
Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.