Bitcoin Cash technical analysis: BCH/USD subject to a potential explosive breakout

Bitcoin Cash price is trading in the green, with gains of 0.35% in the second half of the session.
BCH/USD the price behaviour and technical structure suggest further moves south.
The price has done little since 23 November, a lack of committed direction.

Ken Chigbo Independent Analyst

BCH/USD weekly chart

Price action via the weekly is trading just above a breached flag structure, moving within consolidation mode.

BCH/USD daily chart

The price within the daily view is narrowing, a range to the low of $200 to the high up at $225.

Spot rate: 211.49

Relative change: +0.30 %

High: 213.97

Low: 211.70

BCH/USD

Overview
Today last price	212.9689
Today Daily Change	0.2604
Today Daily Change %	0.12
Today daily open	212.7085

Trends
Daily SMA20	216.6494
Daily SMA50	248.2306
Daily SMA100	255.4541
Daily SMA200	311.9359

Levels
Previous Daily High	215.2542
Previous Daily Low	208.5062
Previous Weekly High	220.5853
Previous Weekly Low	202.9433
Previous Monthly High	308.1348
Previous Monthly Low	192.2474
Daily Fibonacci 38.2%	212.6765
Daily Fibonacci 61.8%	211.0839
Daily Pivot Point S1	209.0584
Daily Pivot Point S2	205.4084
Daily Pivot Point S3	202.3105
Daily Pivot Point R1	215.8064
Daily Pivot Point R2	218.9043
Daily Pivot Point R3	222.5543

Author

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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