- Bitcoin Cash is marginally lower today trading 0.22% down for the session.
- The hourly chart has formed a triangle formation and price is headed toward the apex.
BCH/USD 1-Hour Chart
Over the last month, the price of Bitcoin Cash has capitulated from a high of around 308.13 to a low of 192.24.
Since then there has been a small retracement and we find the price in a small retracement phase.
Now the market needs to decide if the downtrend on the higher timeframe will continue.
A break of the pattern will go a long way to help make that decision.
The good news for the bulls is the price is still holding above the 200 psychological level.
|Today last price||213.7426|
|Today Daily Change||-0.3396|
|Today Daily Change %||-0.16|
|Today daily open||214.0822|
|Previous Daily High||216.3682|
|Previous Daily Low||209.7002|
|Previous Weekly High||226.9456|
|Previous Weekly Low||192.2474|
|Previous Monthly High||308.1348|
|Previous Monthly Low||192.2474|
|Daily Fibonacci 38.2%||212.2474|
|Daily Fibonacci 61.8%||213.821|
|Daily Pivot Point S1||210.3989|
|Daily Pivot Point S2||206.7155|
|Daily Pivot Point S3||203.7308|
|Daily Pivot Point R1||217.0669|
|Daily Pivot Point R2||220.0516|
|Daily Pivot Point R3||223.7349|
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