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Bitcoin Cash Price Prediction: BCH/USD consolidates below $450 – Confluence Detector

FX Street
Updated:
  • BCH/USD went down from $445 to $439.45 this Friday.
  • The RSI indicator is trending horizontally around 76 at the edge of the overbought zone.

BCH/USD daily confluence detector
BCH/USD daily chart

BCH/USD has been trending between $439.45 and $445.35 for three consecutive days as the price consolidates below the $450 mark. The 20-day Bollinger Jaw has widened, indicating increased price volatility. The RSI indicator is trending horizontally around 76 at the edge of the overbought zone, hinting that bears may step in again to correct the price. The MACD and Elliott Oscillator show the overall market sentiment is still bullish. There are three healthy support levels between $425 and $440, which are holding the price up.
 

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