Bitcoin Cash price prediction: 200-HMA at 289 - the level to beat for bulls
11/9/2019 4:35:06 AM
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Following two straight days of massive declines, Bitcoin Cash (BCH/USD) is seen on a steady recovery mode so far this Saturday, as the weekend love fo

  • BCH bulls fighting back control as weekend love for crypto market returns.
  • On the road to recovery beyond 270, but will it last?
  • BCH bulls fighting back control as weekend love for crypto market returns.
  • BCH bulls fighting back control as weekend love for crypto market returns.
  • On the road to recovery beyond 270, but will it last?
  • On the road to recovery beyond 270, but will it last?

    Following two straight days of massive declines, Bitcoin Cash (BCH/USD) is seen on a steady recovery mode so far this Saturday, as the weekend love for the cryptocurrencies seems to have returned. The coin bounced-off eleven-day troughs of 269.14 reached in Friday’s European trading and now trades around 280 levels, up nearly 1% on the day. Despite the latest recovery attempt, the price is down over 4.5% in the last 24 hours, still enjoying a market capitalization of $ 5.06 billion.

    Bitcoin

    BCH/USD 1-hour chart

    As observed on the hourly sticks, the price continues to battle the bearish 21-hourly Simple Moving Average (HMA) placed near 280.50 levels, as the buyers seek a sustained recovery above the last. Should the recovery gain traction, the next upside barrier at the downward sloping 50-HMA of 287.20 will come into play. Buying interest is likely to intensify on a break above the 50-HMA, opening doors for a test of the 200-HMA at 289. The bearish bias could negate on an hourly closing above the 200-HMA.

    However, if the recovery lacks follow-through above the 21-HMA, bears will fight back control, sending the coin back towards the multi-day lows near the 270 region. A breach of this critical support could pave the way for steeper declines towards the 250 psychological level.

    BCH/USD Levels to watch

    BCH/USD

    Overview
    Today last price 279.4519
    Today Daily Change 2.5876
    Today Daily Change % 0.93
    Today daily open 276.8643
     
    Trends
    Daily SMA20 266.2947
    Daily SMA50 249.5942
    Daily SMA100 280.498
    Daily SMA200 323.3855
     
    Levels
    Previous Daily High 294.7936
    Previous Daily Low 269.1403
    Previous Weekly High 308.1348
    Previous Weekly Low 269.1403
    Previous Monthly High 306.85
    Previous Monthly Low 197.9382
    Daily Fibonacci 38.2% 278.9399
    Daily Fibonacci 61.8% 284.994
    Daily Pivot Point S1 265.7385
    Daily Pivot Point S2 254.6128
    Daily Pivot Point S3 240.0853
    Daily Pivot Point R1 291.3918
    Daily Pivot Point R2 305.9194
    Daily Pivot Point R3 317.0451

     

    BCH/USD

    Overview
    Today last price 279.4519
    Today Daily Change 2.5876
    Today Daily Change % 0.93
    Today daily open 276.8643
     
    Trends
    Daily SMA20 266.2947
    Daily SMA50 249.5942
    Daily SMA100 280.498
    Daily SMA200 323.3855
     
    Levels
    Previous Daily High 294.7936
    Previous Daily Low 269.1403
    Previous Weekly High 308.1348
    Previous Weekly Low 269.1403
    Previous Monthly High 306.85
    Previous Monthly Low 197.9382
    Daily Fibonacci 38.2% 278.9399
    Daily Fibonacci 61.8% 284.994
    Daily Pivot Point S1 265.7385
    Daily Pivot Point S2 254.6128
    Daily Pivot Point S3 240.0853
    Daily Pivot Point R1 291.3918
    Daily Pivot Point R2 305.9194
    Daily Pivot Point R3 317.0451

    BCH/USD

    Overview
    Today last price 279.4519
    Today Daily Change 2.5876
    Today Daily Change % 0.93
    Today daily open 276.8643
     
    Trends
    Daily SMA20 266.2947
    Daily SMA50 249.5942
    Daily SMA100 280.498
    Daily SMA200 323.3855
     
    Levels
    Previous Daily High 294.7936
    Previous Daily Low 269.1403
    Previous Weekly High 308.1348
    Previous Weekly Low 269.1403
    Previous Monthly High 306.85
    Previous Monthly Low 197.9382
    Daily Fibonacci 38.2% 278.9399
    Daily Fibonacci 61.8% 284.994
    Daily Pivot Point S1 265.7385
    Daily Pivot Point S2 254.6128
    Daily Pivot Point S3 240.0853
    Daily Pivot Point R1 291.3918
    Daily Pivot Point R2 305.9194
    Daily Pivot Point R3 317.0451

    BCH/USD

    Overview
    Today last price 279.4519
    Today Daily Change 2.5876
    Today Daily Change % 0.93
    Today daily open 276.8643
     
    Trends
    Daily SMA20 266.2947
    Daily SMA50 249.5942
    Daily SMA100 280.498
    Daily SMA200 323.3855
     
    Overview
    Today last price 279.4519
    Today Daily Change 2.5876
    Today Daily Change % 0.93
    Today daily open 276.8643
    Overview Overview Overview Today last price 279.4519 Today Daily Change 2.5876 Today Daily Change % 0.93 Today daily open 276.8643 Today last price 279.4519 Today last price279.4519279.4519 Today Daily Change 2.5876 Today Daily Change2.58762.5876 Today Daily Change % 0.93 Today Daily Change %0.930.93 Today daily open 276.8643 Today daily open276.8643276.8643
     
    Trends
    Daily SMA20 266.2947
    Daily SMA50 249.5942
    Daily SMA100 280.498
    Daily SMA200 323.3855
    Trends Trends Trends Daily SMA20 266.2947 Daily SMA50 249.5942 Daily SMA100 280.498 Daily SMA200 323.3855 Daily SMA20 266.2947 Daily SMA20266.2947266.2947 Daily SMA50 249.5942 Daily SMA50249.5942249.5942 Daily SMA100 280.498 Daily SMA100280.498280.498 Daily SMA200 323.3855 Daily SMA200323.3855323.3855
     
    Levels
    Previous Daily High 294.7936
    Previous Daily Low 269.1403
    Previous Weekly High 308.1348
    Previous Weekly Low 269.1403
    Previous Monthly High 306.85
    Previous Monthly Low 197.9382
    Daily Fibonacci 38.2% 278.9399
    Daily Fibonacci 61.8% 284.994
    Daily Pivot Point S1 265.7385
    Daily Pivot Point S2 254.6128
    Daily Pivot Point S3 240.0853
    Daily Pivot Point R1 291.3918
    Daily Pivot Point R2 305.9194
    Daily Pivot Point R3 317.0451
    Levels
    Previous Daily High 294.7936
    Previous Daily Low 269.1403
    Previous Weekly High 308.1348
    Previous Weekly Low 269.1403
    Previous Monthly High 306.85
    Previous Monthly Low 197.9382
    Daily Fibonacci 38.2% 278.9399
    Daily Fibonacci 61.8% 284.994
    Daily Pivot Point S1 265.7385
    Daily Pivot Point S2 254.6128
    Daily Pivot Point S3 240.0853
    Daily Pivot Point R1 291.3918
    Daily Pivot Point R2 305.9194
    Daily Pivot Point R3 317.0451
    Levels Levels Levels Previous Daily High 294.7936 Previous Daily Low 269.1403 Previous Weekly High 308.1348 Previous Weekly Low 269.1403 Previous Monthly High 306.85 Previous Monthly Low 197.9382 Daily Fibonacci 38.2% 278.9399 Daily Fibonacci 61.8% 284.994 Daily Pivot Point S1 265.7385 Daily Pivot Point S2 254.6128 Daily Pivot Point S3 240.0853 Daily Pivot Point R1 291.3918 Daily Pivot Point R2 305.9194 Daily Pivot Point R3 317.0451 Previous Daily High 294.7936 Previous Daily High294.7936294.7936 Previous Daily Low 269.1403 Previous Daily Low269.1403269.1403 Previous Weekly High 308.1348 Previous Weekly High308.1348308.1348 Previous Weekly Low 269.1403 Previous Weekly Low269.1403269.1403 Previous Monthly High 306.85 Previous Monthly High306.85306.85 Previous Monthly Low 197.9382 Previous Monthly Low197.9382197.9382 Daily Fibonacci 38.2% 278.9399 Daily Fibonacci 38.2%278.9399278.9399 Daily Fibonacci 61.8% 284.994 Daily Fibonacci 61.8%284.994284.994 Daily Pivot Point S1 265.7385 Daily Pivot Point S1265.7385265.7385 Daily Pivot Point S2 254.6128 Daily Pivot Point S2254.6128254.6128 Daily Pivot Point S3 240.0853 Daily Pivot Point S3240.0853240.0853 Daily Pivot Point R1 291.3918 Daily Pivot Point R1291.3918291.3918 Daily Pivot Point R2 305.9194 Daily Pivot Point R2305.9194305.9194 Daily Pivot Point R3 317.0451 Daily Pivot Point R3317.0451317.0451