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  • Bitcoin Cash price held decent gains of around 7%, after spiking to the upside in afternoon trading.
  • Binance announced through their blog, they will be supporting the Bitcoin Cash hard fork.  
  • Within 3 hours of trading BCH/USD rallied some 8%, following the news.  

 

BCH/USD 60-minute chart  


 

Spot rate:                   457.5

Relative change:        +7.22%

High:                          463.2

Low:                           425.2

 

Trend:                         Neutral

 

Resistance 1:              463.0, resistance on 60-minute.

Resistance 2:              467.8, 18th October.

Resistance 3:              470.0, supply zone.  

Support 1:                   456.3, support on 60-minute.

Support 2:                   443.1, demand area.

Support 3:                   431.5, on top of bull flag.