Rajarshi Mitra
Independent Analyst
- Currently, the buyers and the sellers are fighting with each other for control.
- The price is trending horizontally in the lower half of the 20-day Bollinger band.
BCH/USD daily chart
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BCH/USD bulls took control after two straight bearish days as the price went up from $239.57 to $240.55. The price is currently trending horizontally in the lower half of the 20-day Bollinger Band and has found resistance at the SMA 50. The MACD shows decreasing bearish momentum, while the Elliott Oscillator indicates that the market isn’t in favor of either the buyers or the sellers as the two wrestle for control.
BCH/USD bulls need to overcome resistance at the SMA 50, SMA 20, $254.80, $267.74, SMA 200. On the downside, healthy support lies at $228.85 and $207.15.
Key levels
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