<p><img src="https://i2.wp.com/s3.amazonaws.com/main-newsbtc-images/2018/03/14023531/Bitcoin-Cash11-825x510.png?resize=825%2C510&amp;ssl=1" alt="Bitcoin Cash Price Technical Analysis BCH USD" /><br></p>
<h2>Key Points</h2>
<ul><li>Bitcoin cash price is holding ground and is currently trading above the $1,040 support against the US Dollar.</li>
<li>The BCH/USD pair is currently attempting an upside break above a bearish trend line with resistance at $1,068 on the hourly chart (data feed from Kraken).</li>
<li>The pair may rise in the near term and it could break the $1,100 resistance.</li>
</ul><p><em>Bitcoin cash price is showing positive signs above $1,040 against the US Dollar. BCH/USD may perhaps start a decent upside move above $1,100 or $1,140.</em></p>
<h2>Bitcoin Cash Price Support</h2>
<p>There was <a href="https://www.newsbtc.com/2018/03/13/bitcoin-cash-price-technical-analysis-bch-usd-holding-key-support/" target="_blank">no major downside</a> push below $1,000 in bitcoin cash price against the US Dollar. The price managed to hold the ground above the $1,000 level and it is currently trading above $1,040. The current price action is positive since the price is above the 23.6% Fib retracement level of the last drop from the $1,159 high to $992 low. It is also positioned above the $1,050 level, which is a positive sign.</p>
<p>At the moment, the BCH/USD pair is currently attempting an upside break above a bearish trend line with resistance at $1,068 on the hourly chart. Moreover, the 50% Fib retracement level of the last drop from the $1,159 high to $992 low is at $1,072. Therefore, if the price succeeds in breaking the $1,065-75 resistance area, there <a href="https://www.newsbtc.com/2018/03/12/bitcoin-cash-price-technical-analysis-bch-usd-trade-higher/" target="_blank">could be more gains</a>. In the mentioned case, the price may break the $1,100 level and it could even test the $1,150 level.</p>
<p><img src="https://i2.wp.com/s3.amazonaws.com/main-newsbtc-images/2018/03/14023531/Bitcoin-Cash11.png?resize=1200%2C610&amp;ssl=1" alt="Bitcoin Cash Price Technical Analysis BCH USD" width="1200" height="610" /><br></p>
<p>On the downside, an initial support is at $1,050 and the 100 hourly simple moving average. There is also a bullish trend line on the same chart with support at $1,010, which is a decent buy zone.</p>
<p><strong>Looking at the technical indicators:</strong></p>
<p><strong>Hourly MACD</strong> – The MACD for BCH/USD is slowly moving into the bullish zone.</p>
<p><strong>Hourly RSI (Relative Strength Index) </strong>– The RSI for BCH/USD is now just above the 50 level.</p>
<p><strong>Major Support Level</strong> – $1,020</p>
<p><strong>Major Resistance Level</strong> – $1,075</p> <p><em>Charts courtesy – <a href="https://www.tradingview.com/" target="_blank">Trading View</a></em></p>
<p><em>–<a href="https://altcointoday.com/">AltcoinToday.com</a></em></p>
<p><em>Source: <a href="https://www.newsbtc.com/2018/03/14/bitcoin-cash-price-technical-analysis-bch-usd-break-higher/">Newsbtc</a></em></p>
<p>loading…</p> <p> <h3><em>Related</em></h3>
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