Bitcoin Cash Technical Analysis: BCH/USD profit taking could be damaging

  • Bitcoin Cash price late on Thursday is trading deep in the red down some 4.5%. 
  • Profit-taking appears to have kicked in, resulting in some deep selling for  BCH/USD. 

 

Spot rate:                150.79

Relative change:      -4.50%

High:                        159.51

Low:                         146.38

 

Trend:                       Bearish

BCH/USD

Overview
Today last price 150.3603
Today Daily Change -8.1254
Today Daily Change % -5.13
Today daily open 158.4857
 
Trends
Daily SMA20 136.9269
Daily SMA50 130.3537
Daily SMA100 133.1183
Daily SMA200 281.1014
 
Levels
Previous Daily High 159.5854
Previous Daily Low 152.9065
Previous Weekly High 145.2042
Previous Weekly Low 125.1296
Previous Monthly High 156.9334
Previous Monthly Low 109.9144
Daily Fibonacci 38.2% 155.4578
Daily Fibonacci 61.8% 157.0341
Daily Pivot Point S1 154.3996
Daily Pivot Point S2 150.3136
Daily Pivot Point S3 147.7207
Daily Pivot Point R1 161.0786
Daily Pivot Point R2 163.6715
Daily Pivot Point R3 167.7575

 

BCH/USD 60-minute chart

  • Price action has been prevented from a free-fall thanks to near-term demand via the 60-minute view, $146-147. 

BCH/USD daily chart

  • Heavy supply observed via the daily chart view from $165-160, as touted profit-taking comes into place. 

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