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  • BCH/USD went up from $284 to $291 this Thursday.
  • There is little to no resistance until $300.

Bitcoin Cash (BCH/USD) went up from $284 to $291 this Thursday. As per the confluence detector, it faces little to no resistance till $300. The price has five levels of strong support.  

Daily Confluence Detector

The only visible resistance level is at $297 which has the “previous week high.”

The support levels are at $287, $286, $283.50, $282, and $281. The confluences at those levels are:

  • $287: SMA 100, 15-min previous low, 4-hour previous high, and daily previous high.
  • $286: Hourly Bollinger band upper curve, 4-hour Bollinger band middle curve, SMA 10, and SMA 5.
  • $283.50: Hourly Bollinger band middle curve, daily 23.6% Fibonacci retracement level, 5-day simple moving average (SMA 5) curve, SMA 50, and SMA 10.
  • $282: Monthly 38.2% Fibonacci retracement level.
  • $281: Hourly Bollinger band lower curve, 15-min Bollinger band lower curve, daily 38.2% Fibonacci retracement level, and weekly 23.6% Fibonacci retracement level.