Bitcoin cash technical analysis: BCH/USD re-enters $400, forms a morning star pattern

  • BCH/USD is currently priced at $406.
  • The SMA 20 and SMA 50 curves are trending above the daily price chart.

BCH/USD daily chart

The three latest sessions of the BCH/USD price chart has formed a morning star pattern, which is a bullish sign. It is trending below the 20-day simple moving average (SMA 20) and SMA 50 curves and above the SMA 200 curve. The relative strength index (RSI) indicator is trending around 50 in the neutral zone.

BCH/USD 4-hour chart

The 4-hour BCH/USD is trending below the green Ichimoku cloud. The 4-hour market found support on the $400-level and needs to next negotiate with the $410 resistance level. The Elliot oscillator has had three straight bullish sessions, following six consecutive bearish sessions.

BCH/USD hourly chart

The hourly BCH/USD is trending in the upper-half of the 20-day Bollinger band. The Bollinger jaw is also narrowing, which shows decreasing market volatility. The two latest price sessions are trending in a flag formation, getting primed for a breakout. The hourly market is below the SMA 200 and SMA 50 curves, while it is above the SMA 20 curve. The moving average convergence/divergence (MACD) indicator has had 16 straight bullish sessions of increasing intensity.

Key Levels


Today last price 405.2876
Today Daily Change 5.2380
Today Daily Change % 1.31
Today daily open 400.0496
Daily SMA20 433.0919
Daily SMA50 418.7206
Daily SMA100 349.7955
Daily SMA200 243.2988
Previous Daily High 410.58
Previous Daily Low 390.7258
Previous Weekly High 449.2051
Previous Weekly Low 380.4645
Previous Monthly High 516.9074
Previous Monthly Low 362.9877
Daily Fibonacci 38.2% 402.9957
Daily Fibonacci 61.8% 398.3101
Daily Pivot Point S1 390.3235
Daily Pivot Point S2 380.5975
Daily Pivot Point S3 370.4693
Daily Pivot Point R1 410.1778
Daily Pivot Point R2 420.306
Daily Pivot Point R3 430.032



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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: BTC/USD bullish potential to $14,000

Bitcoin price made a tremendous recovery from the lows recorded in March at $3,800. The crash back then was triggered by fear and panic due to the COVID-19 pandemic. Financial markets across the world including the crypto ...

More Bitcoin News

XTZ/USD bulls make it to $3.00, more upside ahead

Tezos has been volatile on Monday. The coin jumped above the psychological barrier of $3.00 and moved outside the Bollinger Band on the 1-hour chart before the downside correction pushed it back. 

More Tezos News

ETH/USD flat out at $240, the bullish scenario to $500

Ethereum is motionless at $240 after suffering rejection at $245 earlier this week. As expected, the weekend session is flying by without volatility. Consolidation continues to take precedence for the largest ...

More Ethereum News

Tezos Price Forecast: XTZ/USD majestically rises to take down $3.00 resistance

Tezos has been on a formidable rise since the beginning of July. It is joining hands with other selected altcoins such as Ripple, Chainlink and Stellar to kick start the ‘altcoin season.’ The altcoin season is ...

More Tezos News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast