Bitcoin Cash Technical Analysis: BCH/USD bulls have room to run, but most capitalize now
05/16/2019, 04:36:13
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Spot rate: 264.12 Relative change: -1.30% High: 276.88 Low: 261.56 BCH/USD Overview Today last price 264.1281 Today Daily Change -3.7341 Today Daily C

  • Bitcoin Cash price late in the session on Thursday is trading down in the red by around 1%. 
  • BCH/USD price action via the daily chart view has managed to escape a descending wedge formation. 
  • Given the recent technical development, the price has room to potentially retest the $300 price mark.
  • Bitcoin Cash price late in the session on Thursday is trading down in the red by around 1%. 
  • Bitcoin Cash price late in the session on Thursday is trading down in the red by around 1%. 
  • BCH/USD price action via the daily chart view has managed to escape a descending wedge formation. 
  • BCH/USD price action via the daily chart view has managed to escape a descending wedge formation. 
  • Given the recent technical development, the price has room to potentially retest the $300 price mark.
  • Given the recent technical development, the price has room to potentially retest the $300 price mark.

    Spot rate:                 264.12

    Relative change:     -1.30%

    High:                        276.88

    Low:                         261.56

    BCH/USD

    Overview
    Today last price 264.1281
    Today Daily Change -3.7341
    Today Daily Change % -1.39
    Today daily open 267.8622
     
    Trends
    Daily SMA20 282.5756
    Daily SMA50 234.7165
    Daily SMA100 180.5705
    Daily SMA200 227.4598
    Levels
    Previous Daily High 277.2721
    Previous Daily Low 261.4551
    Previous Weekly High 312.0003
    Previous Weekly Low 250.1141
    Previous Monthly High 352.3611
    Previous Monthly Low 166.4624
    Daily Fibonacci 38.2% 271.23
    Daily Fibonacci 61.8% 267.4972
    Daily Pivot Point S1 260.4542
    Daily Pivot Point S2 253.0461
    Daily Pivot Point S3 244.6372
    Daily Pivot Point R1 276.2712
    Daily Pivot Point R2 284.6802
    Daily Pivot Point R3 292.0882

     

    BCH/USD

    Overview
    Today last price 264.1281
    Today Daily Change -3.7341
    Today Daily Change % -1.39
    Today daily open 267.8622
     
    Trends
    Daily SMA20 282.5756
    Daily SMA50 234.7165
    Daily SMA100 180.5705
    Daily SMA200 227.4598
    Levels
    Previous Daily High 277.2721
    Previous Daily Low 261.4551
    Previous Weekly High 312.0003
    Previous Weekly Low 250.1141
    Previous Monthly High 352.3611
    Previous Monthly Low 166.4624
    Daily Fibonacci 38.2% 271.23
    Daily Fibonacci 61.8% 267.4972
    Daily Pivot Point S1 260.4542
    Daily Pivot Point S2 253.0461
    Daily Pivot Point S3 244.6372
    Daily Pivot Point R1 276.2712
    Daily Pivot Point R2 284.6802
    Daily Pivot Point R3 292.0882

    BCH/USD

    Overview
    Today last price 264.1281
    Today Daily Change -3.7341
    Today Daily Change % -1.39
    Today daily open 267.8622
     
    Trends
    Daily SMA20 282.5756
    Daily SMA50 234.7165
    Daily SMA100 180.5705
    Daily SMA200 227.4598
    Levels
    Previous Daily High 277.2721
    Previous Daily Low 261.4551
    Previous Weekly High 312.0003
    Previous Weekly Low 250.1141
    Previous Monthly High 352.3611
    Previous Monthly Low 166.4624
    Daily Fibonacci 38.2% 271.23
    Daily Fibonacci 61.8% 267.4972
    Daily Pivot Point S1 260.4542
    Daily Pivot Point S2 253.0461
    Daily Pivot Point S3 244.6372
    Daily Pivot Point R1 276.2712
    Daily Pivot Point R2 284.6802
    Daily Pivot Point R3 292.0882

    BCH/USD

    Overview
    Today last price 264.1281
    Today Daily Change -3.7341
    Today Daily Change % -1.39
    Today daily open 267.8622
     
    Trends
    Daily SMA20 282.5756
    Daily SMA50 234.7165
    Daily SMA100 180.5705
    Daily SMA200 227.4598
    Overview
    Today last price 264.1281
    Today Daily Change -3.7341
    Today Daily Change % -1.39
    Today daily open 267.8622
    Overview Overview Overview Today last price 264.1281 Today Daily Change -3.7341 Today Daily Change % -1.39 Today daily open 267.8622 Today last price 264.1281 Today last price264.1281264.1281 Today Daily Change -3.7341 Today Daily Change-3.7341-3.7341 Today Daily Change % -1.39 Today Daily Change %-1.39-1.39 Today daily open 267.8622 Today daily open267.8622267.8622
     
    Trends
    Daily SMA20 282.5756
    Daily SMA50 234.7165
    Daily SMA100 180.5705
    Daily SMA200 227.4598
    Trends Trends Trends Daily SMA20 282.5756 Daily SMA50 234.7165 Daily SMA100 180.5705 Daily SMA200 227.4598 Daily SMA20 282.5756 Daily SMA20282.5756282.5756 Daily SMA50 234.7165 Daily SMA50234.7165234.7165 Daily SMA100 180.5705 Daily SMA100180.5705180.5705 Daily SMA200 227.4598 Daily SMA200227.4598227.4598
    Levels
    Previous Daily High 277.2721
    Previous Daily Low 261.4551
    Previous Weekly High 312.0003
    Previous Weekly Low 250.1141
    Previous Monthly High 352.3611
    Previous Monthly Low 166.4624
    Daily Fibonacci 38.2% 271.23
    Daily Fibonacci 61.8% 267.4972
    Daily Pivot Point S1 260.4542
    Daily Pivot Point S2 253.0461
    Daily Pivot Point S3 244.6372
    Daily Pivot Point R1 276.2712
    Daily Pivot Point R2 284.6802
    Daily Pivot Point R3 292.0882
    Levels
    Previous Daily High 277.2721
    Previous Daily Low 261.4551
    Previous Weekly High 312.0003
    Previous Weekly Low 250.1141
    Previous Monthly High 352.3611
    Previous Monthly Low 166.4624
    Daily Fibonacci 38.2% 271.23
    Daily Fibonacci 61.8% 267.4972
    Daily Pivot Point S1 260.4542
    Daily Pivot Point S2 253.0461
    Daily Pivot Point S3 244.6372
    Daily Pivot Point R1 276.2712
    Daily Pivot Point R2 284.6802
    Daily Pivot Point R3 292.0882
    Levels Levels Levels Previous Daily High 277.2721 Previous Daily Low 261.4551 Previous Weekly High 312.0003 Previous Weekly Low 250.1141 Previous Monthly High 352.3611 Previous Monthly Low 166.4624 Daily Fibonacci 38.2% 271.23 Daily Fibonacci 61.8% 267.4972 Daily Pivot Point S1 260.4542 Daily Pivot Point S2 253.0461 Daily Pivot Point S3 244.6372 Daily Pivot Point R1 276.2712 Daily Pivot Point R2 284.6802 Daily Pivot Point R3 292.0882 Previous Daily High 277.2721 Previous Daily High277.2721277.2721 Previous Daily Low 261.4551 Previous Daily Low261.4551261.4551 Previous Weekly High 312.0003 Previous Weekly High312.0003312.0003 Previous Weekly Low 250.1141 Previous Weekly Low250.1141250.1141 Previous Monthly High 352.3611 Previous Monthly High352.3611352.3611 Previous Monthly Low 166.4624 Previous Monthly Low166.4624166.4624 Daily Fibonacci 38.2% 271.23 Daily Fibonacci 38.2%271.23271.23 Daily Fibonacci 61.8% 267.4972 Daily Fibonacci 61.8%267.4972267.4972 Daily Pivot Point S1 260.4542 Daily Pivot Point S1260.4542260.4542 Daily Pivot Point S2 253.0461 Daily Pivot Point S2253.0461253.0461 Daily Pivot Point S3 244.6372 Daily Pivot Point S3244.6372244.6372 Daily Pivot Point R1 276.2712 Daily Pivot Point R1276.2712276.2712 Daily Pivot Point R2 284.6802 Daily Pivot Point R2284.6802284.6802 Daily Pivot Point R3 292.0882 Daily Pivot Point R3292.0882292.0882

     

    BCH/USD 60-minute chart

    BCH/USD 60-minute chartBCH/USD 60-minute chart
    • Bitcoin Cash price action is moving within a near-term bullish flag formation, subject to a potential breakout higher. 
  • Bitcoin Cash price action is moving within a near-term bullish flag formation, subject to a potential breakout higher. 
  • Bitcoin Cash price action is moving within a near-term bullish flag formation, subject to a potential breakout higher. 

    BCH/USD daily chart

    BCH/USD daily chartBCH/USD daily chart
    • Price action has edged out from a descending wedge pattern formation, leaving room for the bulls to capitalize on the breach.
  • Price action has edged out from a descending wedge pattern formation, leaving room for the bulls to capitalize on the breach.
  • Price action has edged out from a descending wedge pattern formation, leaving room for the bulls to capitalize on the breach.