- BCH/USD is going through bearish correction following two straight bullish days.
- The RSI is hovering inside the overbought zone.
BCH/USD daily chart
BCH/USD has ventured into the overbought zone following bullish dominance over Thursday and Friday. The asset, having dropped from $301.09 to $300.13, is presently going through a period of slight bearish correction as price looks to drop below the $300-level. The price is trending in an upward channel formation and has re-entered the 20-day Bollinger Band.
BCH/USD has strong support levels at $273.80 (SMA 200), $265,78, $252.40, $249.72 (SMA 20) and $239.70 (SMA 50). The MACD shows that market momentum is still overwhelmingly bullish, while the RSI is still hovering inside the overbought zone.
|Today last price||300.0086|
|Today Daily Change||-1.2663|
|Today Daily Change %||-0.42|
|Today daily open||301.2749|
|Previous Daily High||306.6192|
|Previous Daily Low||287.5034|
|Previous Weekly High||306.6192|
|Previous Weekly Low||244.4436|
|Previous Monthly High||306.6192|
|Previous Monthly Low||215.8202|
|Daily Fibonacci 38.2%||299.317|
|Daily Fibonacci 61.8%||294.8056|
|Daily Pivot Point S1||290.3125|
|Daily Pivot Point S2||279.3501|
|Daily Pivot Point S3||271.1968|
|Daily Pivot Point R1||309.4282|
|Daily Pivot Point R2||317.5815|
|Daily Pivot Point R3||328.5439|
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