Bitcoin Cash technical analysis: Daily BCH/USD chart breaks past resistance at SMA 20 curve


  • The price of BCH/USD is consolidating in a flag formation.
  • The Elliott Oscillator has had 16 straight bullish sessions. 

BCH/USD daily chart

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BCH/USD went up from $223.15 to $227.85 today. The price is currently consolidating in a flag formation. The 20-day Simple Moving Average (SMA 20) has taken a dip and the latest price session was able to break above it. The SMA 50 and SMA 200 curves are trending above the daily price. The Elliott Oscillator has had 16 straight bullish sessions.

BCH/USD four-hour chart

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The four-hour BCH/USD chart fell and found support at the SMA 20 curve. The price went up and met resistance at the upper 20-day Bollinger and SMA 50 curves. The Moving Average Convergence/Divergence (MACD) indicator shows us slightly bullish momentum. 

BCH/USD hourly chart

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The hourly BCH/USD chart is trending in a downward channel formation and has found support at the red Ichimoku cloud. Immediate intraday resistance lies at the $228-level, which the bulls will need to overcome. The Relative Strength Index (RSI) indicator is trending around 59.375.

Key Levels

BCH/USD

Overview
Today last price 227.8915
Today Daily Change 4.6512
Today Daily Change % 2.08
Today daily open 223.2403
 
Trends
Daily SMA20 225.9181
Daily SMA50 270.898
Daily SMA100 299.302
Daily SMA200 324.5487
 
Levels
Previous Daily High 228.5954
Previous Daily Low 220.8531
Previous Weekly High 241.9442
Previous Weekly Low 215.3686
Previous Monthly High 333.7339
Previous Monthly Low 202.6094
Daily Fibonacci 38.2% 223.8107
Daily Fibonacci 61.8% 225.6378
Daily Pivot Point S1 219.8638
Daily Pivot Point S2 216.4873
Daily Pivot Point S3 212.1216
Daily Pivot Point R1 227.6061
Daily Pivot Point R2 231.9719
Daily Pivot Point R3 235.3484

 

 

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