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  • Bitcoin Cash has moved above 400.00 again despite falling 2.27% on Monday.
  • The pair found support at 367.77 to push higher rejecting the 38.2% Fib.

BCH/USD 4-Hour Chart

It’s hard to tell at the moment if this is just a pullback for Bitcoin Cash or a more serious move lower.

It seems we will find out at the retest of the trendline. The retest is often rejected and the trend could continue lower.

The good news for the bulls is that the support seems pretty strong.

The 400.00 mark has been retaken again but price action is looking pretty weak on the lower timeframes.

Volume has picked up when the buying came in which is also a good sign for the bulls.

Bitcoin Cash

Additional Levels

 

Expert score

5

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