- The price of BCH/USD is consolidating in a flag formation.
- The Elliott Oscillator has had 16 straight bullish sessions.
BCH/USD daily chart
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
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
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.
|Today last price||227.8915|
|Today Daily Change||4.6512|
|Today Daily Change %||2.08|
|Today daily open||223.2403|
|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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