Bitcoin Cash Price Analysis: Where is the next support level?

Bitcoin Cash trades over 2% lower as crypto sentiment remains weak.
The BCH/USD pair is now looking for support and 360.00 is next.

Rajan Dhall, MSTA FX Daily

BCH/USD Daily Chart

Bitcoin Cash has not been immune to the crypto sell-off over the last session.

At the moment the next support is at 360.00 with the next major one lower down at 300.00.

On the upside, it seems that the market could not break 500.00.

The volume is weak so there is a chance this could be a deep retracement.

Additional Levels

BCH/USD

Overview
Today last price	370.8503
Today Daily Change	-8.3107
Today Daily Change %	-2.19
Today daily open	379.161

Trends
Daily SMA20	427.1981
Daily SMA50	351.1044
Daily SMA100	283.3314
Daily SMA200	281.2894

Levels
Previous Daily High	424.8215
Previous Daily Low	370.0298
Previous Weekly High	496.9345
Previous Weekly Low	434.4918
Previous Monthly High	404.3638
Previous Monthly Low	191.7762
Daily Fibonacci 38.2%	390.9602
Daily Fibonacci 61.8%	403.8911
Daily Pivot Point S1	357.8534
Daily Pivot Point S2	336.5457
Daily Pivot Point S3	303.0616
Daily Pivot Point R1	412.6451
Daily Pivot Point R2	446.1292
Daily Pivot Point R3	467.4368

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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