Bitcoin Cash Price Analysis: BCH finally breaks above $231 resistance level
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After trending in a narrow $10-range between $221.20 to $231, the bulls were finally able to push above the $231 resistance line. Currently, the buyer

  • BCH has been previously trending in a $10-range between $221.20 to $231.
  • BCH must now get over strong resistance between $236.58 and $243.20
  • BCH has been previously trending in a $10-range between $221.20 to $231.
  • BCH has been previously trending in a $10-range between $221.20 to $231.
  • BCH must now get over strong resistance between $236.58 and $243.20
  • BCH must now get over strong resistance between $236.58 and $243.20

    After trending in a narrow $10-range between $221.20 to $231, the bulls were finally able to push above the $231 resistance line. Currently, the buyers aim to take BCH/USD to $243.85 to break above the SMA 20 curve. The recent bullish price action has jumped the RSI from the edge of the oversold zone to 50. What this means is that there is more space for buyers to push the price up.

    $221.20 to $231 $243.85

    BCH/USD daily 

    BCH/USD daily chart

    BCH/USD daily chartBCH/USD daily chart

    BCH/USD IOMAP

    fxsoriginal

    fxsoriginalfxsoriginal

    However, to enjoy any more bullish movement, BCH has to somehow get over strong resistance between $236.58 and $243.20. If they do manage to do that, then the price should be able to go up to $273, where it encounters the next strong resistance level.

    $236.58 and $243.20$273

    On the flip side, if the price does fail to encounter the initial resistance, there is a moderate-to-strong support zone between $226.65 to $233.27.

    $226.65 to $233.27.

    Key levels

    BCH/USD

    Overview
    Today last price 238.6948
    Today Daily Change 12.7416
    Today Daily Change % 5.64
    Today daily open 225.9532
     
    Trends
    Daily SMA20 244.8972
    Daily SMA50 274.7613
    Daily SMA100 254.6179
    Daily SMA200 248.8554
     
    Levels
    Previous Daily High 228.8056
    Previous Daily Low 219.0434
    Previous Weekly High 233.272
    Previous Weekly Low 215.8975
    Previous Monthly High 338.2532
    Previous Monthly Low 244.1306
    Daily Fibonacci 38.2% 225.0765
    Daily Fibonacci 61.8% 222.7726
    Daily Pivot Point S1 220.3959
    Daily Pivot Point S2 214.8385
    Daily Pivot Point S3 210.6337
    Daily Pivot Point R1 230.1581
    Daily Pivot Point R2 234.3629
    Daily Pivot Point R3 239.9202

     

    BCH/USD

    Overview
    Today last price 238.6948
    Today Daily Change 12.7416
    Today Daily Change % 5.64
    Today daily open 225.9532
     
    Trends
    Daily SMA20 244.8972
    Daily SMA50 274.7613
    Daily SMA100 254.6179
    Daily SMA200 248.8554
     
    Levels
    Previous Daily High 228.8056
    Previous Daily Low 219.0434
    Previous Weekly High 233.272
    Previous Weekly Low 215.8975
    Previous Monthly High 338.2532
    Previous Monthly Low 244.1306
    Daily Fibonacci 38.2% 225.0765
    Daily Fibonacci 61.8% 222.7726
    Daily Pivot Point S1 220.3959
    Daily Pivot Point S2 214.8385
    Daily Pivot Point S3 210.6337
    Daily Pivot Point R1 230.1581
    Daily Pivot Point R2 234.3629
    Daily Pivot Point R3 239.9202

    BCH/USD

    Overview
    Today last price 238.6948
    Today Daily Change 12.7416
    Today Daily Change % 5.64
    Today daily open 225.9532
     
    Trends
    Daily SMA20 244.8972
    Daily SMA50 274.7613
    Daily SMA100 254.6179
    Daily SMA200 248.8554
     
    Levels
    Previous Daily High 228.8056
    Previous Daily Low 219.0434
    Previous Weekly High 233.272
    Previous Weekly Low 215.8975
    Previous Monthly High 338.2532
    Previous Monthly Low 244.1306
    Daily Fibonacci 38.2% 225.0765
    Daily Fibonacci 61.8% 222.7726
    Daily Pivot Point S1 220.3959
    Daily Pivot Point S2 214.8385
    Daily Pivot Point S3 210.6337
    Daily Pivot Point R1 230.1581
    Daily Pivot Point R2 234.3629
    Daily Pivot Point R3 239.9202

    BCH/USD

    Overview
    Today last price 238.6948
    Today Daily Change 12.7416
    Today Daily Change % 5.64
    Today daily open 225.9532
     
    Trends
    Daily SMA20 244.8972
    Daily SMA50 274.7613
    Daily SMA100 254.6179
    Daily SMA200 248.8554
     
    Overview
    Today last price 238.6948
    Today Daily Change 12.7416
    Today Daily Change % 5.64
    Today daily open 225.9532
    Overview Overview Overview Today last price 238.6948 Today Daily Change 12.7416 Today Daily Change % 5.64 Today daily open 225.9532 Today last price 238.6948 Today last price238.6948238.6948 Today Daily Change 12.7416 Today Daily Change12.741612.7416 Today Daily Change % 5.64 Today Daily Change %5.645.64 Today daily open 225.9532 Today daily open225.9532225.9532
     
    Trends
    Daily SMA20 244.8972
    Daily SMA50 274.7613
    Daily SMA100 254.6179
    Daily SMA200 248.8554
    Trends Trends Trends Daily SMA20 244.8972 Daily SMA50 274.7613 Daily SMA100 254.6179 Daily SMA200 248.8554 Daily SMA20 244.8972 Daily SMA20244.8972244.8972 Daily SMA50 274.7613 Daily SMA50274.7613274.7613 Daily SMA100 254.6179 Daily SMA100254.6179254.6179 Daily SMA200 248.8554 Daily SMA200248.8554248.8554
     
    Levels
    Previous Daily High 228.8056
    Previous Daily Low 219.0434
    Previous Weekly High 233.272
    Previous Weekly Low 215.8975
    Previous Monthly High 338.2532
    Previous Monthly Low 244.1306
    Daily Fibonacci 38.2% 225.0765
    Daily Fibonacci 61.8% 222.7726
    Daily Pivot Point S1 220.3959
    Daily Pivot Point S2 214.8385
    Daily Pivot Point S3 210.6337
    Daily Pivot Point R1 230.1581
    Daily Pivot Point R2 234.3629
    Daily Pivot Point R3 239.9202
    Levels
    Previous Daily High 228.8056
    Previous Daily Low 219.0434
    Previous Weekly High 233.272
    Previous Weekly Low 215.8975
    Previous Monthly High 338.2532
    Previous Monthly Low 244.1306
    Daily Fibonacci 38.2% 225.0765
    Daily Fibonacci 61.8% 222.7726
    Daily Pivot Point S1 220.3959
    Daily Pivot Point S2 214.8385
    Daily Pivot Point S3 210.6337
    Daily Pivot Point R1 230.1581
    Daily Pivot Point R2 234.3629
    Daily Pivot Point R3 239.9202
    Levels Levels Levels Previous Daily High 228.8056 Previous Daily Low 219.0434 Previous Weekly High 233.272 Previous Weekly Low 215.8975 Previous Monthly High 338.2532 Previous Monthly Low 244.1306 Daily Fibonacci 38.2% 225.0765 Daily Fibonacci 61.8% 222.7726 Daily Pivot Point S1 220.3959 Daily Pivot Point S2 214.8385 Daily Pivot Point S3 210.6337 Daily Pivot Point R1 230.1581 Daily Pivot Point R2 234.3629 Daily Pivot Point R3 239.9202 Previous Daily High 228.8056 Previous Daily High228.8056228.8056 Previous Daily Low 219.0434 Previous Daily Low219.0434219.0434 Previous Weekly High 233.272 Previous Weekly High233.272233.272 Previous Weekly Low 215.8975 Previous Weekly Low215.8975215.8975 Previous Monthly High 338.2532 Previous Monthly High338.2532338.2532 Previous Monthly Low 244.1306 Previous Monthly Low244.1306244.1306 Daily Fibonacci 38.2% 225.0765 Daily Fibonacci 38.2%225.0765225.0765 Daily Fibonacci 61.8% 222.7726 Daily Fibonacci 61.8%222.7726222.7726 Daily Pivot Point S1 220.3959 Daily Pivot Point S1220.3959220.3959 Daily Pivot Point S2 214.8385 Daily Pivot Point S2214.8385214.8385 Daily Pivot Point S3 210.6337 Daily Pivot Point S3210.6337210.6337 Daily Pivot Point R1 230.1581 Daily Pivot Point R1230.1581230.1581 Daily Pivot Point R2 234.3629 Daily Pivot Point R2234.3629234.3629 Daily Pivot Point R3 239.9202 Daily Pivot Point R3239.9202239.9202

     


     


    From: FXSTREET