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. 

 

Spot rate:                  381.10

Relative change:      -0.70%

High:                         410.68

Low:                          362.84

BCH/USD

Overview
Today last price 380.9242
Today Daily Change 25.1711
Today Daily Change % 7.08
Today daily open 355.7531
 
Trends
Daily SMA20 281.1963
Daily SMA50 266.6355
Daily SMA100 199.8517
Daily SMA200 218.895
Levels
Previous Daily High 381.4203
Previous Daily Low 330
Previous Weekly High 298.7595
Previous Weekly Low 269.7372
Previous Monthly High 352.3611
Previous Monthly Low 166.4624
Daily Fibonacci 38.2% 361.7777
Daily Fibonacci 61.8% 349.6425
Daily Pivot Point S1 330.0287
Daily Pivot Point S2 304.3042
Daily Pivot Point S3 278.6084
Daily Pivot Point R1 381.4489
Daily Pivot Point R2 407.1447
Daily Pivot Point R3 432.8692

 

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. 

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