- 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 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.
|Today last price||242.3215|
|Today Daily Change||12.2781|
|Today Daily Change %||5.34|
|Today daily open||230.0434|
|Previous Daily High||233.8966|
|Previous Daily Low||229.6263|
|Previous Weekly High||242.9648|
|Previous Weekly Low||224.2956|
|Previous Monthly High||277.2914|
|Previous Monthly Low||217.6786|
|Daily Fibonacci 38.2%||231.2575|
|Daily Fibonacci 61.8%||232.2653|
|Daily Pivot Point S1||228.4809|
|Daily Pivot Point S2||226.9184|
|Daily Pivot Point S3||224.2106|
|Daily Pivot Point R1||232.7513|
|Daily Pivot Point R2||235.4591|
|Daily Pivot Point R3||237.0216|