Bitcoin Cash Technical Analysis: BCH/USD is showing signs of a bullish trend change

Bitcoin Cash is trading over 13% higher today as geopolitical concerns push the crypto market higher.
The price has now made a higher low higher high formation and broken the trendline.

Rajan Dhall, MSTA FX Daily

Bitcoin Cash Daily Chart

Bitcoin Cash pushes above 200.00 again as sentiment improves in the crypto sphere.

The price has now pushed above the 55 Daily EMA.

Also the trendline has now been broken to the upside on the chart below.

Looking at price waves to the market has now made a higher low and higher high formation.

The RSI is also in a positive zone but be aware of a bearish failure swing.

Additional Levels

BCH/USD

Overview
Today last price	222.24
Today Daily Change	26.9877
Today Daily Change %	13.82
Today daily open	195.2523

Trends
Daily SMA20	195.6675
Daily SMA50	212.0613
Daily SMA100	229.6831
Daily SMA200	285.2099

Levels
Previous Daily High	204.8204
Previous Daily Low	192.6485
Previous Weekly High	203.6802
Previous Weekly Low	182.5682
Previous Monthly High	220.5853
Previous Monthly Low	170.0256
Daily Fibonacci 38.2%	197.2982
Daily Fibonacci 61.8%	200.1707
Daily Pivot Point S1	190.327
Daily Pivot Point S2	185.4017
Daily Pivot Point S3	178.155
Daily Pivot Point R1	202.499
Daily Pivot Point R2	209.7457
Daily Pivot Point R3	214.671

Author

Rajan Dhall, MSTA

FX Daily

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

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Bitcoin Cash Technical Analysis: BCH/USD is showing signs of a bullish trend change