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Bitcoin Cash

Bitcoin Cash Price Analysis: BCH/USD goes up by 5.35% as price breaks above $240

  • BCH/USD bulls took charge after four straight bearish sessions.
  • The price currently has found resistance at the green Ichimoku cloud.
  • William’s %R has bounced up from the oversold zone to -50.

BCH/USD daily chart

BCH/USD daily chart

BCH/USD bulls have taken charge of the market as the price jumped from $230 to $242.30. The price is currently on the verge of entering the green Ichimoku cloud. William’s %R has bounced up from the oversold zone to -50, following bullish price action. Finally, the MACD has gone down from -1.82 to -1.08, indicating decreasing bearish market momentum.

Support and Resistance

BCH/USD faces immediate resistance at the SMA 50 curve. Apart from that, BCH/USD faces resistance at SMA 50, SMA 20, $246.65 and $253.40. On the downside, good support lies at $240.40 and $235.

Key levels

BCH/USD

OVERVIEW
Today last price242.3215
Today Daily Change12.2781
Today Daily Change %5.34
Today daily open230.0434
TRENDS
Daily SMA20244.4415
Daily SMA50242.3735
Daily SMA100234.2689
Daily SMA200268.3439
LEVELS
Previous Daily High233.8966
Previous Daily Low229.6263
Previous Weekly High242.9648
Previous Weekly Low224.2956
Previous Monthly High277.2914
Previous Monthly Low217.6786
Daily Fibonacci 38.2%231.2575
Daily Fibonacci 61.8%232.2653
Daily Pivot Point S1228.4809
Daily Pivot Point S2226.9184
Daily Pivot Point S3224.2106
Daily Pivot Point R1232.7513
Daily Pivot Point R2235.4591
Daily Pivot Point R3237.0216

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