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.

Ken Chigbo Independent Analyst

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 price	229.781
Today Daily Change	-1.9894
Today Daily Change %	-0.86
Today daily open	231.7704

Trends
Daily SMA20	236.1474
Daily SMA50	239.1776
Daily SMA100	307.3098
Daily SMA200	269.0142

Levels
Previous Daily High	245.1913
Previous Daily Low	229.2958
Previous Weekly High	245.5439
Previous Weekly Low	206.3545
Previous Monthly High	353.0056
Previous Monthly Low	135.8533
Daily Fibonacci 38.2%	235.3679
Daily Fibonacci 61.8%	239.1192
Daily Pivot Point S1	225.647
Daily Pivot Point S2	219.5237
Daily Pivot Point S3	209.7516
Daily Pivot Point R1	241.5425
Daily Pivot Point R2	251.3146
Daily Pivot Point R3	257.4379

Author

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.

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