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  • BCH/USD sees bears pile in, after entering chunky touted supply area, heading into $650 territory.
  • Poloniex announces pre-fork trading for Bitcoin Cash  split, however deposit and withdraws relating to, cannot be done until after successful fork has taken place.
  • Next major area of interest to the downside, seen at the psychological $500 mark.

 

BCH/USD daily  chart  


 
 

Spot rate:                   593.1

Relative change:       -1.80%

High:                          606.4

Low:                           584.0

 

Trend:                        Bearish

 

Support 1:                 591.2, lower support of channel.

Support  2:                  587.1,  daily pivot point support.

Support  3:                 565.8, daily pivot point support.

Resistance  1:            611.8, upper part of channel.

Resistance  2:            626.1, resistance 60-minute.

Resistance  3:            645.0, supply area.