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


Today last price 380.9242
Today Daily Change 25.1711
Today Daily Change % 7.08
Today daily open 355.7531
Daily SMA20 281.1963
Daily SMA50 266.6355
Daily SMA100 199.8517
Daily SMA200 218.895
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. 

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 & Analysis

Editors’ Picks

BTC/USD trapped under short-term trendline

Bitcoin (BTC) is changing hands at $9,750, mostly unchanged both on a day-to-day basis and since the beginning of the day. The first digital asset recovered from Monday's low of $9,469, however, an upside momentum faded away on approach to $9,800. 

More Bitcoin News

NEO/USD bullish following Binance Futures support

NEO is in the green on Monday during the European trading session. The bullish momentum is taking action after a couple of days of the bulls enduring battering from the bears.

More NEO News

ETH/USD tug of war at $270 intensifies as $280 beckons

Ethereum managed to stay above the support at $240 during the bearish Monday. Also contributing to the support was the long term ascending trendline. The recovery from the support has been steady enough to hit levels slightly above $270. 

More Ethereum News

Ripple Price Analysis: XRP/USD is bearish as long as it stays below $0.30

XRP/USD recovered to $0.2950 during early Asian hours only to retreat to $0.2850 by the time of writing. Despite the sell-off, the third-largest digital asset is still nearly 2% higher from this time on Monday and mostly unchanged since the beginning of the day. 

More Ripple News


Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast