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Bitcoin Cash technical analysis: BCH/USD bullish flag subject to a potential breakout

  • Bitcoin Cash on Tuesday late in the session is trading in minor negative, nursing losses of just 0.10%.
  • BCH/USD price action breached a near-term ascending trend line, but buyers protect $400 mark. 
  • The daily chart view can see the price moving within a bullish flag structure. 

Spot rate:                 417.69

Relative change:      -0.10%

High:                        428.89

Low:                         410.61

BCH/USD

Overview
Today last price417.7201
Today Daily Change0.0061
Today Daily Change %0.00
Today daily open417.714
 
Trends
Daily SMA20431.3246
Daily SMA50420.5694
Daily SMA100357.0866
Daily SMA200248.3095
Levels
Previous Daily High420.4
Previous Daily Low406.0993
Previous Weekly High449.2051
Previous Weekly Low380.4645
Previous Monthly High516.9074
Previous Monthly Low362.9877
Daily Fibonacci 38.2%414.9371
Daily Fibonacci 61.8%411.5622
Daily Pivot Point S1409.0756
Daily Pivot Point S2400.4371
Daily Pivot Point S3394.7748
Daily Pivot Point R1423.3763
Daily Pivot Point R2429.0385
Daily Pivot Point R3437.677

BCH/USD 60-minute chart

  • 60-minute chart view saw a breakout of a near-term ascending trend line, price caught by buyers at $400 territory.

BCH/USD daily chart

  • Price action via the daily continues to move within the confinements of a bullish flag, subject to a potential breakout. 

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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