- Bitcoin Cash price nursing chunky losses of some 5.7% into the second half of Thursday’s session.
- BCH/USD testing a critical area of support, seen just below $415, this has provided support in September and October.
- A breach by the bears at the above-mentioned area, could see a free-fall to $300.
BCH/USD daily chart
Spot rate: 426.9
Relative change: -5.70%
High: 464.5
Low: 420.0
Trend: Bearish
Support 1: 414.2, critical daily support.
Support 2: 400.0, psychological level.
Support 3: 345.7, daily pivot point support.
Resistance 1: 494.2, 50DMA.
Resistance 2: 517.8, daily pivot point resistance.
Resistance 3: 586.0, daily pivot point resistance.
BCH/USD 60-minute chart
- Price action moving within a rising wedge pattern, as seen on a 60-minute chart view.