Rajarshi Mitra
Independent Analyst
- BCH/USD faced heavy bearish correction following a bullish Wednesday.
- The price is trending back inside the red Ichimoku cloud.
BCH/USD daily chart
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BCH/USD has dropped from $243.32 to $237 this Thursday, following a bullish Wednesday. In the process, the price has dropped back inside the red Ichimoku cloud, and fallen below the SMA 50 curve. The MACD shows increasing bullish momentum, despite Thursday’s bearish price action.
Support and resistance
BCH/USD faces strong resistance at $243.50, $240.48 and $237.35 (SMA 50). On the downside, healthy support lies at $235 and $230.10 (SMA 20).
Key levels
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