Home Bitcoin Cash price analysis: BCH/USD flirts with the lower curve of the 20-day Bollinger Band
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Bitcoin Cash price analysis: BCH/USD flirts with the lower curve of the 20-day Bollinger Band

FX Street
Published date:
  • BCH/USD went up from $176.50 to $189 this Wednesday.
  • The RSI indicator is hovering around 35.60.

BCH/USD daily chart

BCH/USD daily chart

Bitcoin Cash had a hugely bullish day wherein it went up from $176.50 to $189 this Wednesday, going back inside the 20-day Bollinger Band in the process. After running out of steam at the $189 resistance line, the price fell to $185.70. The price has since dropped to $185.65 and is sitting on top of the lower curve of the Bollinger band. The Elliott Oscillator has had three straight red sessions, while the Moving Average Convergence/Divergence (MACD) indicates slight bearish momentum. The Relative Strength Index (RSI) indicator is hovering around 35.60.
 

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