Bitcoin Cash technical analysis: BCH/USD has a bullish breakout from triangular formation

  • BCH/USD has gone up from $317 to $325 so far this Tuesday. 
  • SMA 20 curve acts as immediate market resistance.

BCH/USD daily chart


Follow two straight bullish days the BCH/USD price chart has had a bullish breakout from the triangle formation. Over this Tuesday, the price has gone up from $317 to $325. The 20-day simple moving average (SMA 20) curve is acting as immediate market resistance and is looking to cross over the SMA 50 curve. The moving average convergence/divergence (MACD) indicator shows decreasing bearish momentum,

BCH/USD 4-hour chart


The 4-hour BCH/USD is currently consolidating within the triangle formation. The chart shows that the price went up from $317 to $324.55 before falling to $320.50. Since then, the price went back up to $325. The 4-hour market is currently trending below the red Ichimoku cloud. The Elliot oscillator has had ten straight bullish sessions.

BCH/USD hourly chart


The hourly BCH/USD market has found support on the upward trending line. BCH/USD has been struggling at the $324 resistance line before breaking out to $325. The SMA 20 curve is crossing over the SMA 200 curve, which is a bullish sign. The relative strength index (RSI) indicator is trending around 60.60.

Key Levels


Today last price 324.4288
Today Daily Change 7.4288
Today Daily Change % 2.34
Today daily open 317
Daily SMA20 326.6768
Daily SMA50 339.0086
Daily SMA100 376.3128
Daily SMA200 284.7934
Previous Daily High 325.2039
Previous Daily Low 302.3226
Previous Weekly High 358.4945
Previous Weekly Low 267.0256
Previous Monthly High 428.8945
Previous Monthly Low 255.06
Daily Fibonacci 38.2% 316.4632
Daily Fibonacci 61.8% 311.0632
Daily Pivot Point S1 304.4804
Daily Pivot Point S2 291.9608
Daily Pivot Point S3 281.5991
Daily Pivot Point R1 327.3618
Daily Pivot Point R2 337.7235
Daily Pivot Point R3 350.2431



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Cryptocurrency market update: Ripple, NEO and Monero dump as altcoins' short-lived boom takes a breather

The cryptocurrency market is back to the recent default settings; painted red everywhere. This comes after corrected higher three days in arrow. Ethereum, the largest altcoin in the market tested $215 resistance.

More Cryptocurrencies News

Ethereum price analysis: ETH/USD massive retreat now targets $200

Ethereum, Ripple, Litecoin and Bitcoin Cash sprung up in bullish motion. Ethereum, for example, corrected above the stubborn resistance at $180, $190, $200 and $210. The bullish leg also touched $217.80 but left $220 untested.

More Ethereum News

Ripple price analysis: XRP/USD dips back into the Bollinger band

XRP/USD bears stepped in this Thursday to correct the price following a bullish Wednesday. The price of Ripple went down from $0.315 to $0.291, going below the $0.30-zone in the process.

More Ripple News

Technically Speaking, Bitcoin Ripe for Major Move: Which Way?

Bitcoin has been consolidating for months. Generally, and technically speaking, this suggests a big move is coming. I have no position in Bitcoin and I doubt that changes although I do not rule out a token amount in ...

More BitcoinCash News


Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast