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Bitcoin Cash Price Analysis: BCH/USD flies above the $320-level

FX Street
Updated:
  • BCH/USD has gone up by 15% over the last six days.
  • The RSI has crept back inside the overbought zone.

BCH/USD daily chart

BCH/USD daily chart

BCH/USD is trending in an upwards channel formation, having gone up by 15% over the last six days. This Monday, the price has flown up from $308.48 to $324.30. There are three healthy support levels at $310.45, $299 (SMA 20) and $296.76. 

The relative strength index (RSI) has crept back inside the overbought zone, showing that the price is currently a little overvalued. The MACD shows that market momentum has reversed from bearish to bullish.

Key levels

 

FX Street

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