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Bitcoin Cash Technical Analysis: BCH/USD struggles with game-changing barrier

  • Bitcoin Cash price Tuesday is trading in minor negative territory towards the latter stages of trading in the session.
  • BCH/USD bulls have seen and slow down since the decent run north, attempting to breakdown a large supply area, ahead of $400 territory. 
  • The price is supported near-term by a key ascending 60-minute trend line, a breach could invite chunky selling. 
Bitcoin Cash Technical Analysis: BCH/USD struggles with game-changing barrier
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  381.10

Relative change:      -0.70%

High:                         410.68

Low:                          362.84

BCH/USD

Overview
Today last price380.9242
Today Daily Change25.1711
Today Daily Change %7.08
Today daily open355.7531
 
Trends
Daily SMA20281.1963
Daily SMA50266.6355
Daily SMA100199.8517
Daily SMA200218.895
Levels
Previous Daily High381.4203
Previous Daily Low330
Previous Weekly High298.7595
Previous Weekly Low269.7372
Previous Monthly High352.3611
Previous Monthly Low166.4624
Daily Fibonacci 38.2%361.7777
Daily Fibonacci 61.8%349.6425
Daily Pivot Point S1330.0287
Daily Pivot Point S2304.3042
Daily Pivot Point S3278.6084
Daily Pivot Point R1381.4489
Daily Pivot Point R2407.1447
Daily Pivot Point R3432.8692

BCH/USD 60-minute chart

  • Near-term ascending trend line via the 60-minute chart view can be seen supporting BCH/USD. 

BCH/USD daily chart

  • Chunky supply heading into the $400 price territory. The daily candlestick is set to potentially produce an evening star formation. 

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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