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Bitcoin Cash Technical Analysis: BCH/USD must breakdown $165-175 to fly

  • Bitcoin Cash price late in the session on Monday was trading firmly in the red, down some 3.45%.
  • BCH/USD is prevented from greater upside by heavy sellers camped from $165 up to $175 range. 
Bitcoin Cash Technical Analysis: BCH/USD must breakdown $165-175 to fly
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 157.61

Relative change:      -3.45%

High:                        164.65

Low:                         153.70

Trend:                       Bearish

BCH/USD

Overview
Today last price157.5819
Today Daily Change-5.7919
Today Daily Change %-3.55
Today daily open163.3738
 
Trends
Daily SMA20143.1797
Daily SMA50134.0471
Daily SMA100135.4621
Daily SMA200272.5311
 
Levels
Previous Daily High165.4005
Previous Daily Low160.4
Previous Weekly High166.5312
Previous Weekly Low145.835
Previous Monthly High156.9334
Previous Monthly Low109.9144
Daily Fibonacci 38.2%162.3102
Daily Fibonacci 61.8%163.4903
Daily Pivot Point S1160.7157
Daily Pivot Point S2158.0576
Daily Pivot Point S3155.7152
Daily Pivot Point R1165.7162
Daily Pivot Point R2168.0586
Daily Pivot Point R3170.7167

BCH/USD 60-minute chart

  • Near-term hourly demand keeping the price propped up from $155-152 range.

BCH/USD daily chart

  • Sellers are preventing progress for the bulls, camped from $165 up to $175.

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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