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Bitcoin Cash Technical Analysis: BCH/USD subject to a breakout from a bull flag

  • Bitcoin Cash price on Friday is trading with gains of some 1.95% in the latter part of the session.
  • BCH/ USD price action is moving within a bullish flag pattern, subject to a breakout. 
  • The next major upside target for the bulls is eyed just ahead at $400 territory. 
Bitcoin Cash Technical Analysis: BCH/USD subject to a breakout from a bull flag
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  286.65

Relative change:      +1.95%

High:                         296.67

Low:                          276.19

BCH/USD

Overview
Today last price287.1926
Today Daily Change4.4720
Today Daily Change %1.58
Today daily open282.7206
 
Trends
Daily SMA20275.5699
Daily SMA50256.1946
Daily SMA100193.2741
Daily SMA200220.6964
Levels
Previous Daily High291.2552
Previous Daily Low274.6006
Previous Weekly High296.5024
Previous Weekly Low227.5173
Previous Monthly High352.3611
Previous Monthly Low166.4624
Daily Fibonacci 38.2%280.9627
Daily Fibonacci 61.8%284.8931
Daily Pivot Point S1274.4624
Daily Pivot Point S2266.2042
Daily Pivot Point S3257.8079
Daily Pivot Point R1291.117
Daily Pivot Point R2299.5133
Daily Pivot Point R3307.7715

BCH/USD 60-minute chart

  • Price action is moving within a range-block formation seen via the 60-minute chart view.

BCH/USD daily chart

  • The price is moving within the confinements of a bull flag structure, subject to a breakout.

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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