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  • Bitcoin Cash price trading in negative territory on Wednesday, down over 2% in the session.  
  • BCH/USD price continues to move within a bullish pennant pattern.

 

BCH/USD 4-hour chart  


 
 

Spot rate:                   516.5

Relative change:       -2.98%

High:                          534.0

Low:                           507.0

 

Trend:                        Bearish

 

Support 1:                  515.2, lower part of pennant pattern.  

Support 2:                  506.9, demand area.  

Support 3:                  470.5, support on 4-hour chart.  

Resistance  1:             537.3, upper part of pennant pattern.  

Resistance  2:             552.4, resistance on 4-hour chart.  

Resistance  3:             578.0, supply area.