BCH/USD daily chart
- BCH/USD is currently trading for $130.75.
- The daily chart forms flag formation which is prime for a breakout.
- The relative strength index (RSI) is trending in the neutral zone.
BCH/USD 4-hour chart
- The last two sessions of the BCH/USD 4-hour chart is trending below the 20-day simple moving average (SMA 20) chart.
- The 20-day Bollinger band shows that the market is getting less volatile.
- The SMA 50 curve has already passed over the SMA 20 curve, which is a sell sign.
BCH/USD hourly chart
- Moving average convergence/divergence (MACD) shows increasing bearish momentum.
- Short-term resistance lies at $131.
Key Levels
- Resistance 3: $135.8456
- Resistance 2: $134.1989
- Resistance 1: $132.3608
- Pivot Point: $130.7142
- Support 1: $128.8760
- Support 2: $127.2294
- Support 3: $125.3913