Bitcoin Cash technical analysis: BCH/USD bulls fighting to protect $300 mark


  • Bitcoin Cash price is holding minor gains late on Friday of some 1% in the session.
  • BCH/USD bulls trying to defend the $300 price territory, given the downside pressures. 
  • A big area of demand can be seen running from $350 down the the psychological $300 level.

 

Spot rate:                  349.78

Relative change:      +2.14%

High:                         361.51

Low:                          336.48

BCH/USD

Overview
Today last price 350.5138
Today Daily Change 4.7449
Today Daily Change % 1.37
Today daily open 345.7689
 
Trends
Daily SMA20 434.8395
Daily SMA50 418.1397
Daily SMA100 342.3876
Daily SMA200 238.5857
Levels
Previous Daily High 389.3355
Previous Daily Low 312.3489
Previous Weekly High 449.2051
Previous Weekly Low 380.4645
Previous Monthly High 516.9074
Previous Monthly Low 362.9877
Daily Fibonacci 38.2% 341.7578
Daily Fibonacci 61.8% 359.9266
Daily Pivot Point S1 308.9667
Daily Pivot Point S2 272.1645
Daily Pivot Point S3 231.98
Daily Pivot Point R1 385.9533
Daily Pivot Point R2 426.1377
Daily Pivot Point R3 462.94

 

BCH/USD 60-minute chart

  • Near-term price action has formed bearish flag structure, via the 60-minute.

 

BCH/USD daily chart

  • Critical demand zone should be noted from $350-300, where buyers are preventing price from free-falling.

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