• Bitcoin Cash price late in the session on Thursday is trading down in the red by around 1%. 
  • BCH/USD price action via the daily chart view has managed to escape a descending wedge formation. 
  • Given the recent technical development, the price has room to potentially retest the $300 price mark.

Spot rate:                 264.12

Relative change:     -1.30%

High:                        276.88

Low:                         261.56

BCH/USD

Overview
Today last price 264.1281
Today Daily Change -3.7341
Today Daily Change % -1.39
Today daily open 267.8622
 
Trends
Daily SMA20 282.5756
Daily SMA50 234.7165
Daily SMA100 180.5705
Daily SMA200 227.4598
Levels
Previous Daily High 277.2721
Previous Daily Low 261.4551
Previous Weekly High 312.0003
Previous Weekly Low 250.1141
Previous Monthly High 352.3611
Previous Monthly Low 166.4624
Daily Fibonacci 38.2% 271.23
Daily Fibonacci 61.8% 267.4972
Daily Pivot Point S1 260.4542
Daily Pivot Point S2 253.0461
Daily Pivot Point S3 244.6372
Daily Pivot Point R1 276.2712
Daily Pivot Point R2 284.6802
Daily Pivot Point R3 292.0882

 

BCH/USD 60-minute chart

  • Bitcoin Cash price action is moving within a near-term bullish flag formation, subject to a potential breakout higher. 

BCH/USD daily chart

  • Price action has edged out from a descending wedge pattern formation, leaving room for the bulls to capitalize on the breach.

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