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  • Bitcoin Cash price nursing minor losses of some 1% well into the second half of the session on Friday.
  • BCH/USD technical view can see an evening start formation on the daily, which spells disaster.  
  • Eyes will be on a possible reversal given the above mentioned candlestick observation.  

 

BCH/USD daily chart  


 
 

Spot rate:                   570.5

Relative change:       -0.91%

High:                          603.5

Low:                           562.5

 

Trend:                        Bearish.

 

Support 1:                 555.4, 38.2% Fibonacci & daily support.  

Support  2:                 517.9, 100DMA.  

Support  3:                 500.9,  61.8% Fibonacci.

Resistance  1:            589.3, daily resistance & 23.6% Fibonacci.  

Resistance  2:            636.7, 6 November high.

Resistance  3:            65.0, supply area.