Bitcoin Cash Technical Analysis: BCH/USD within potentially deadly ascending channel

  • Bitcoin Cash price on Friday trading in minor positive of just some 0.90% in the second half of the session. 
  • BCH/USD price action moving within a rising channel formation, observed via the daily chart view. 
  • In terms of news flow, Thailand’s SEC Actually removed Bitcoin Cash (BCH), Litecoin (LTC) And Ethereum Classic (ETC) From Crypto’s Eligible For ICO Fundraising. The regulatory body will only allow; Bitcoin (BTC), Ethereum (ETC), Ripple (XRP) and Stellar (XLM). Detailing that no cryptocurrency, even those on their approved list, are certified as legal tender in the country.


Spot rate:               130.63

Relative change:    +0.90%

High:                       131.73

Low:                        129.06


Trend:                      Neutral

    Daily SMA20: 130.6954
    Daily SMA50: 127.4616
    Daily SMA100: 143.0479
    Daily SMA200: 321.7172
    Previous Daily High: 132.7187
    Previous Daily Low: 127.7779
    Previous Weekly High: 150.0785
    Previous Weekly Low: 119.129
    Previous Monthly High: 156.9334
    Previous Monthly Low: 109.9144
    Daily Fibonacci 38.2%: 129.6653
    Daily Fibonacci 61.8%: 130.8313
    Daily Pivot Point S1: 127.2324
    Daily Pivot Point S2: 125.0348
    Daily Pivot Point S3: 122.2917
    Daily Pivot Point R1: 132.1731
    Daily Pivot Point R2: 134.9163
    Daily Pivot Point R3: 137.1139


BCH/USD 60-minute chart

BCH/USD via the 60-minute chart view is moving within a bearish flag formation, subject to moves north. 

BCH/USD daily chart

Price action moving within an ascending channel formation, subject to a potential breakout to the downside.

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Altcoins are set up to hunt for Bitcoin

The BTC/USD pair is trading at $10.461 and has been playing for three days with the price congestion support level at $10.600. The current technical structure is very ambiguous and open to both sides of the market. 

More Bitcoin News

Ethereum Classic price analysis: ETC/USD defiantly stays in green

Ethereum Classic is among the few coins that are showing potential for growth on Monday. Besides, ETC/USD trading pair has maintained a shallow uptrend from the lows traded last week around $5.11. On the upside, movement is limited at $6.5 although the price is dancing at $6.44.

More Ethereum Classic News

Litecoin market overview: LTC/USD upside capped at $100

Litecoin has decided to play it safe after an unsuccessful attack on $105 resistance. The declines from July 10 explored the levels under $100. A low was formed at $77.50 before the bears started to retreat as reported by FXStreet.

More Litecoin News

Cryptocurrency market update: Bitcoin upside limited at 10,800 – Ethereum and Ripple test key support areas

The cryptocurrency market is oddly calm on July 22; the first day of the week’s trading. Led by Bitcoin, cryptos are shunning volatility choosing a more stable look into trading this week, unlike the previous weeks.

More Ethereum News

Bitcoin Weekly Forecast: bulls lick wounds after major sell-off

The cryptocurrency market has lived through a dreadful week as Bitcoin(BTC), and all major altcoins crashed below several important support levels. 

Read the weekly forecast