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Bitcoin Cash Price Analysis: Is BCH/USD bullish enough to break 500 again?

  • Bitcoin Cash is trading 2.71% higher on Tuesday but can it break 500?.
  • 400.00 was taken out with ease and now the pair has another major hurdle.
Bitcoin Cash Price Analysis: Is BCH/USD bullish enough to break 500 again?
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

BCH/USD Daily Chart

After some bearish talk from central bankers today it seems crypto traders have ignored it all and pushed the market higher.

BCH/USD is not one of the best performing cryptos on Tuesday but it is performing well.

Now the BCH/USD pair is looking to test a major psychological hurdle (500.00) after some recent strength.

On the downside the recently broken 400.00 level could act like support if the price retraces. 

Volume is steady but nothing to write home about, I do feel it will need to pick up if the price is to challenge the recent high.

Bitcoin Cash Chart

Additonal Levels

BCH/USD

Overview
Today last price467.0394
Today Daily Change14.0099
Today Daily Change %3.09
Today daily open453.0295
 
Trends
Daily SMA20386.6029
Daily SMA50307.3254
Daily SMA100269.7169
Daily SMA200275.65
 
Levels
Previous Daily High462.6482
Previous Daily Low435.7419
Previous Weekly High458.8958
Previous Weekly Low368.8466
Previous Monthly High404.3638
Previous Monthly Low191.7762
Daily Fibonacci 38.2%452.37
Daily Fibonacci 61.8%446.0201
Daily Pivot Point S1438.2982
Daily Pivot Point S2423.5669
Daily Pivot Point S3411.3919
Daily Pivot Point R1465.2045
Daily Pivot Point R2477.3795
Daily Pivot Point R3492.1107

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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