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Bitcoin Cash Technical Analysis: BCH/USD bulls retreat from the $300-level

  • BCH/USD bulls have stayed in control for the second straight day.
  • The daily price chart shows strong resistance levels at $302.45 and $310.45.

BCH/USD daily chart

BCH/USD daily chart

BCH/USD stayed in control of the market for the second straight day as the price went up from $284.78 to $294.25. The price reached intraday highs of $297.65 before the bulls commenced their retreat. The MACD shows increasing bearish market momentum. The relative strength index (RSI) is trending around 57.15.

BCH/USD has strong resistance levels at $302.45 and $310.45. On the downside, we have five healthy support levels at $289.90 (SMA 20), $281.50, $271.25 (SMA 200), $258.68 and $254.50 (SMA 50).

Key levels

BCH/USD

Overview
Today last price292.8711
Today Daily Change8.0745
Today Daily Change %2.84
Today daily open284.7966
 
Trends
Daily SMA20287.1488
Daily SMA50252.6286
Daily SMA100247.3366
Daily SMA200271.6492
 
Levels
Previous Daily High290.2806
Previous Daily Low270.9403
Previous Weekly High338.2532
Previous Weekly Low244.1306
Previous Monthly High306.6192
Previous Monthly Low215.8202
Daily Fibonacci 38.2%282.8926
Daily Fibonacci 61.8%278.3283
Daily Pivot Point S1273.731
Daily Pivot Point S2262.6655
Daily Pivot Point S3254.3907
Daily Pivot Point R1293.0714
Daily Pivot Point R2301.3461
Daily Pivot Point R3312.4117


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
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