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BCH/USD: Market volatility decreases as BCH/USD trends sideways – Technical Analysis

BCH/USD daily chart

  • BCH/USD daily chart shows that the price has dropped $2.5 from $133 to $130.50 over the last two sessions.
  • The moving average convergence/divergence (MACD) histogram shows that the price has become less volatile and bullish momentum has decreased considerably.

BCH/USD 4-hour chart

  • The relative strength index (RSI) has gone below the midway point and is creeping towards the oversold territory.
  • The 50-day simple moving average (SMA 50) curve has crossed over the SMA 20 curve which is a sell sign.

BCH/USD hourly chart

  • The 20-day Bollinger band again shows that the price is getting less volatile.
  • The hourly price has been trending below the SMA 20 curve for the last ten sessions.

Key Levels

  • Resistance 3: $142.5721
  • Resistance 2: $139.7437
  • Resistance 1: $135.6888
  • Pivot Point: $132.8604
  • Support 1: $128.8055
  • Support 2: $125.9771
  • Support 3: $121.9222

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