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Bitcoin Cash Technical Analysis: BCH/USD at risk of a big range retest

  • Bitcoin Cash price on Thursday took a hard hit, one of the biggest underperformers.
  • BCH/USD heading back towards a big range retest, that the bulls breached earlier in the week.
  • At the bears are in control for a potential big reversal, if the bulls fail to regain momentum.
Bitcoin Cash Technical Analysis: BCH/USD at risk of a big range retest
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 277.37

Relative change:      -7.50%

High:                        352.36

Low:                         272.27

BCH/USD

Overview
Today last price277.1449
Today Daily Change-24.5507
Today Daily Change %-8.14
Today daily open301.6956
 
Trends
Daily SMA20171.9262
Daily SMA50147.3405
Daily SMA100142.9873
Daily SMA200256.4446
Levels
Previous Daily High352.3611
Previous Daily Low242.2378
Previous Weekly High172.9457
Previous Weekly Low152.4776
Previous Monthly High172.9457
Previous Monthly Low120.5261
Daily Fibonacci 38.2%310.294
Daily Fibonacci 61.8%284.3049
Daily Pivot Point S1245.1686
Daily Pivot Point S2188.6415
Daily Pivot Point S3135.0453
Daily Pivot Point R1355.2919
Daily Pivot Point R2408.8882
Daily Pivot Point R3465.4152

BCH/USD 60-minute chart

  • The $260-250 price range is critical for support to be found, otherwise, the price could completely retrace this week's gains. 

BCH/USD daily chart

  • Bulls lost total control after explosive gains seen earlier in the week, at risk of full reversal.

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.

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