Search ForexCrunch
  • BCH/USD went up by 14.4% since Thursday.
  • Prominent resistance level lies at $309.

Bitcoin Cash went up from $264.35 to $302 as it charted a 14.4% growth since Thursday. The daily confluence detector shows that there is a lack of any significant resistance levels which can help boost the price up even more. If the bulls gain enough momentum, then they can boost the price up to $315 this Saturday.

BCH/USD Daily Confluence Detector

The resistance level is at $309. The confluence at that level is – Monthly 23.6% Fibonacci retracement level.

The support levels are at $289-$290, $284, $281-$283, and $281. The confluences at those levels are:

  • $289-$290: SMA 5, 4-hour Bollinger band upper curve, 4-hour previous high, SMA 50, daily 23.6% Fibonacci retracement level, SMA 10, and hourly previous high.
  • $284: Hourly Bollinger band middle curve and daily 38.2% Fibonacci retracement level.
  • $281-$283: Monthly 38.2% Fibonacci retracement level and daily Bollinger band middle curve.
  • $281: Weekly 23.6% Fibonacci retracement level and 100-day simple moving average (SMA 100).