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BCH/USD daily chart

  • BCH/USD market finds support at $126.50 as price falters at $150 level.
  • Market forms bearish flag and it is prime for a breakout.

BCH/USD 4-hour chart

  • The moving average convergence/divergence (MACD) shows a decreasing bearish momentum.
  • The 20-day simple moving (SMA 20) curve is about to cross below the SMA 50 curve which is a sell signal.

BCH/USD hourly chart

  • On the hourly chart, bulls see short-term resistance at $134 as the price sees a slight breakout from triangle formation.
  • The relative strength index (RSI) curve is trending in the neutral territory.

Key Levels

  • Resistance 3: $177.8072
  • Resistance 2: $167.3703
  • Resistance 1: $146.9466
  • Pivot Point: $136.5097
  • Support 1: $116.0860
  • Support 2: $105.6491
  • Support 3: $85.2253