- Bitcoin Cash price in the latter part of Monday is seen holding decent gains of some 7%.
- BCH/USD despite the session gains, is still trading close to lower support of a range-block formation.
BCH/USD 60-minute chart
- Upside capped by near-term supply, $136-135 region. Next demand area eyed at $122-121.
Spot rate: 133.20
Relative change: +7.65%
High: 136.60
Low: 122.47
Trend: Bullish
Support 1: 119.32, daily pivot point support.
Support 2: 114.01, daily pivot point support.
Support 3: 106.64, daily pivot point support.
Resistance 1: 132.01, daily pivot point resistance.
Resistance 2: 139.38, daily pivot point resistance.
Resistance 3: 144.69, daily pivot point resistance.
BCH/USD 4-hour chart
- Price action is moving within a steep channel to the south, over the 4-hour view, despite Monday gains.
BCH/USD daily chart
- Lower support of a range can observed at $121, a breach could be very punishing.
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