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Bitcoin Cash Technical Analysis: BCH/USD having difficultly to sustaining upside, after being knocked back down following supply zone exposure

  • Bitcoin Cash seen down some 1.2%, in the latter stages of trading on Tuesday,
  • BCH/USD runs into trouble in known supply within the mid $50 region.

 

 

BCH/USD 60-minute chart


 

Spot rate:                    548.3

Relative change:        +1.25%

High:                           560.1

Low:                            541.2

 

Trend:                         Neutral

 

Resistance 1:             555.0,  entrance to supply zone.  

Resistance 2:             560.1, today’s (Tuesday) high.

Resistance 3:             570.0, resistance on 60-minute chart.

Support 1:                    542.2, support on 60-minute chart.

Support    2:                  538.3, demand zone.

Support    3:                  528.2, ascending trend line.

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