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Bitcoin Cash technical analysis: BCH/USD bulls struggling to break back above breached key support

  • Bitcoin price on Monday is holding big gains of around 3% in the latter part of the session. 
  • BCH/USD bulls are struggling to break back above a breached trend line of prior support. 
  • Price action over the five sessions has been moving within a very narrowing range-block formation. 

Spot rate:                 392.29

Relative change:      +2.90%

High:                        400.69

Low:                         373.78

BCH/USD

Overview
Today last price392.1698
Today Daily Change11.6305
Today Daily Change %3.06
Today daily open380.5393
 
Trends
Daily SMA20413.9464
Daily SMA50350.7495
Daily SMA100275.7434
Daily SMA200209.3957
Levels
Previous Daily High397.8898
Previous Daily Low371.0357
Previous Weekly High452.1883
Previous Weekly Low362.9877
Previous Monthly High483.1092
Previous Monthly Low261.4551
Daily Fibonacci 38.2%381.294
Daily Fibonacci 61.8%387.6315
Daily Pivot Point S1368.42
Daily Pivot Point S2356.3008
Daily Pivot Point S3341.5659
Daily Pivot Point R1395.2741
Daily Pivot Point R2410.009
Daily Pivot Point R3422.1282

BCH/USD 60-minute chart

  • 60-minute range formation can be seen containing price action, capping further upside potential. 

BCH/USD daily chart

  • Price action via the daily chart view is stuck moving within consolidation mode, moving within a narrowing range-block. 

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.

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