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.

Ken Chigbo Independent Analyst

Spot rate: 157.61

Relative change: -3.45%

High: 164.65

Low: 153.70

Trend: Bearish

BCH/USD

Overview
Today last price	157.5819
Today Daily Change	-5.7919
Today Daily Change %	-3.55
Today daily open	163.3738

Trends
Daily SMA20	143.1797
Daily SMA50	134.0471
Daily SMA100	135.4621
Daily SMA200	272.5311

Levels
Previous Daily High	165.4005
Previous Daily Low	160.4
Previous Weekly High	166.5312
Previous Weekly Low	145.835
Previous Monthly High	156.9334
Previous Monthly Low	109.9144
Daily Fibonacci 38.2%	162.3102
Daily Fibonacci 61.8%	163.4903
Daily Pivot Point S1	160.7157
Daily Pivot Point S2	158.0576
Daily Pivot Point S3	155.7152
Daily Pivot Point R1	165.7162
Daily Pivot Point R2	168.0586
Daily Pivot Point R3	170.7167

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

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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