Bitcoin Cash technical analysis: Bitcoin Cash technical analysis: BCH/USD may not be out of harms way yet


  • Bitcoin Cash price is trading in the green, up 4.00% the session on Monday.
  • BCH/USD price action is largely capped to the upside by daily resistance at $230.
  • Trading conditions over the last four sessions have been narrow, as the price consolidates.

 

Spot rate:                  227.00

Relative change:      +4.00%

High:                         230.95

Low:                          212.32

 

BCH/USD daily chart

Price action is moving within a daily pennant pattern formation, expressing potential vulnerabilities to the downside. 

 

BCH/USD 60-minute chart

Supply can be seen acting preventing the price moving beyond $230 via the 60-minute chart view. 

BCH/USD

Overview
Today last price 227.3023
Today Daily Change 9.1131
Today Daily Change % 4.18
Today daily open 218.1892
 
Trends
Daily SMA20 283.044
Daily SMA50 296.5687
Daily SMA100 328.821
Daily SMA200 319.4237
 
Levels
Previous Daily High 228.0348
Previous Daily Low 212.0442
Previous Weekly High 311.7574
Previous Weekly Low 202.6094
Previous Monthly High 358.4945
Previous Monthly Low 267.0256
Daily Fibonacci 38.2% 218.1526
Daily Fibonacci 61.8% 221.9264
Daily Pivot Point S1 210.8107
Daily Pivot Point S2 203.4322
Daily Pivot Point S3 194.8201
Daily Pivot Point R1 226.8012
Daily Pivot Point R2 235.4133
Daily Pivot Point R3 242.7918

 

 

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