- BCH/USD bulls took charge but ran out of momentum near the $270-level.
- The price has jumped from the red Ichimoku cloud.
- The RSI has dipped slightly into the overbought zone.
BCH/USD daily chart
BCH/USD took charge of the market after bouncing up from the support at the red Ichimoku cloud. The price has gone up from $237.73 to $269. After crossing the $270-level for a brief period, it settled back down.
The SMA 20 has crossed over the SMA 50 to chart the bullish cross pattern. The MACD shows increasing bullish momentum, while the RSI has dipped into the overbought zone. The latter indicates that the price has entered the overvalued territory and will face bearish correction soon.
Support and Resistance
BCH/USD has strong resistance levels at $274.45 and $273.222 (SMA 200). On the downside, we have healthy support at $262, $250.50, $236.10 (SMA 20) and $235 (SMA 50).
|Today last price||268.7344|
|Today Daily Change||20.9916|
|Today Daily Change %||8.47|
|Today daily open||247.7428|
|Previous Daily High||257.9909|
|Previous Daily Low||244.4436|
|Previous Weekly High||243.4574|
|Previous Weekly Low||220.3448|
|Previous Monthly High||269.2895|
|Previous Monthly Low||204.6275|
|Daily Fibonacci 38.2%||249.6187|
|Daily Fibonacci 61.8%||252.8158|
|Daily Pivot Point S1||242.1273|
|Daily Pivot Point S2||236.5118|
|Daily Pivot Point S3||228.5799|
|Daily Pivot Point R1||255.6746|
|Daily Pivot Point R2||263.6064|
|Daily Pivot Point R3||269.2219|
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