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Bitcoin Cash Price Analysis: BCH/USD trading within critical weekly range $200-250

  • Bitcoin Cash price is trading in the red, with losses of 0.45% in the second half of the session.
  • BCH/USD price action is narrowing ahead of further committed moves, following a flag breakout. 
  • There is a chunky area of supply that runs from $260-280 via the daily. 

BCH/USD weekly chart

There has been a lack of trend observed over the past five weeks, trading within a range of $200-250. A break from this will likely be defining moving forwards for Bitcoin Cash price direction. 

BCH/USD daily chart

The price is moving within a tight range, the support eyed at $230, resistance up at $250.

Spot rate:                232.40

Relative change:    -0.45%

High:                        236.49

Low:                         229.97

BCH/USD

Overview
Today last price229.781
Today Daily Change-1.9894
Today Daily Change %-0.86
Today daily open231.7704
 
Trends
Daily SMA20236.1474
Daily SMA50239.1776
Daily SMA100307.3098
Daily SMA200269.0142
 
Levels
Previous Daily High245.1913
Previous Daily Low229.2958
Previous Weekly High245.5439
Previous Weekly Low206.3545
Previous Monthly High353.0056
Previous Monthly Low135.8533
Daily Fibonacci 38.2%235.3679
Daily Fibonacci 61.8%239.1192
Daily Pivot Point S1225.647
Daily Pivot Point S2219.5237
Daily Pivot Point S3209.7516
Daily Pivot Point R1241.5425
Daily Pivot Point R2251.3146
Daily Pivot Point R3257.4379

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
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