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Bitcoin Cash Technical Analysis: BCH/USD breaks 250.0 psychological level

  • In a good day for crypto's Bitcoin Cash trades over 8% higher.
  • The price has breached the psychological level of 250.00.
Bitcoin Cash Technical Analysis: BCH/USD breaks 250.0 psychological level
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

BCH/USD Daily Chart

BCH/USD is trading much higher today as crypto sentiment improves.

Bitcoin Cash has now breached the 250.00 psychological resistance level.

The price is also above the 55 EMA but not yet over the 200.

The move was backed by good volume and the RSI has moved further into positive territory.

The next resistance level stands at 268.42 which has been used in the past.

Bitcoin Cash

Additonal Level

BCH/USD

Overview
Today last price259.8827
Today Daily Change22.0913
Today Daily Change %9.29
Today daily open237.7914
 
Trends
Daily SMA20209.9993
Daily SMA50208.7049
Daily SMA100230.239
Daily SMA200278.2701
 
Levels
Previous Daily High243.777
Previous Daily Low231.2301
Previous Weekly High225.7353
Previous Weekly Low191.7762
Previous Monthly High220.5853
Previous Monthly Low170.0256
Daily Fibonacci 38.2%236.023
Daily Fibonacci 61.8%238.9841
Daily Pivot Point S1231.422
Daily Pivot Point S2225.0526
Daily Pivot Point S3218.8751
Daily Pivot Point R1243.9689
Daily Pivot Point R2250.1464
Daily Pivot Point R3256.5159

 

Author

Rajan Dhall, MSTA

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

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