Rajarshi Mitra
Independent Analyst
- BCH/USD bulls came back following a bearish Tuesday.
- The SMA 20 has crossed above the SMA 50, to chart a bullish cross pattern.
- The MACD shows decreasing bullish momentum.
BCH/USD daily chart
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BCH/USD bulls stepped in after a bearish Tuesday as the price went up from $254 to $254.40. The SMA 20 has crossed above the SMA 50, to chart a bullish cross pattern. The MACD shows decreasing bullish momentum, while the Elliott Oscillator has had two consecutive red sessions.
Support and Resistance
BCH/USD daily charts has three strong resistance levels on the upside at $258, $265.45 and SMA 200. On the downside, there are four healthy support levels at $246.50, SMA 20, SMA 50 and $238.80.
Key levels
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