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BCH/USD Daily Chart

  • BCH/USD went down from $416.25 to $411 this Wednesday.
  • The price is currently consolidating in a flag formation.
  • On the downside, the nearest support level lies at $405.
  • The market is trending above the SMA 200, SMA 50, and SMA 20 curves.
  • The price is creeping on the edge of the overbought zone.

BCH/USD 4-Hour Chart

  • The extreme squeeze of the 20-day Bollinger band shows decreasing market volatility.
  • The last session of the 4-hour market has dropped into the lower half of the 20-day Bollinger band.
  • The moving average convergence/divergence (MACD) indicator shows that market momentum has now become bearish.

BCH/USD Hourly Chart

  • The Elliot wave oscillator shows seven consecutive bearish sessions.
  • The hourly price is currently trending in a downward channel formation.
  • The Ichimoku indicator shows that current and future market sentiment is bearish.

Key Levels