- Bitcoin Cash in the latter part of Tuesday was seen trading up with minor gains of just some 0.3%.
- BCH/USD head and shoulders pattern observed via the 60-minute chart view.
Spot rate: 142.46
Relative change: +0.30%
High: 150.07
Low: 142.21
Trend: Neutral
Trends:
Daily SMA20: 120.2947
Daily SMA50: 132.2881
Daily SMA100: 177.136
Daily SMA200: 349.5799
Levels:
Previous Daily High: 148.4684
Previous Daily Low: 122.8702
Previous Weekly High: 127.0287
Previous Weekly Low: 116.8437
Previous Monthly High: 174.9558
Previous Monthly Low: 104.8742
Daily Fibonacci 38.2%: 138.6899
Daily Fibonacci 61.8%: 132.6487
Daily Pivot Point S1: 127.2817
Daily Pivot Point S2: 112.2768
Daily Pivot Point S3: 101.6834
Daily Pivot Point R1: 152.8799
Daily Pivot Point R2: 163.4733
Daily Pivot Point R3: 178.4782
BCH/USD 60-minute chart
- Sellers are camped within the $150 area, bulls failed to break this down. There appears to be somewhat of a head and shoulders pattern via the 60-minute, with the neckline having just been breached.
BCH/USD daily chart
- Price action extended to the upside after the breakout from a bullish pennant pattern.
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