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  • Bitcoin Cash price is seen nursing steep losses of some 5% in the latter part of Monday’s session
  • BCH/USD price breached a key daily ascending trend line of support, seeing a further wave of pressure continue south.  

BCH/USD 15-minute chart

  • The price is moving within a narrowing range formation, making up a bearish flag pattern.


Spot rate:                  122.85

Relative change:       -5.02%

High:                          129.70

Low:                           120.52


Trend:                         Bearish


       Daily SMA20:  131.4992
       Daily SMA50:  126.2192
       Daily SMA100:  138.5064
       Daily SMA200:  315.1472
       Previous Daily High:  131.0717
       Previous Daily Low:  128.0378
       Previous Weekly High:  156.9334
       Previous Weekly Low:  125.1897
       Previous Monthly High:  156.9334
       Previous Monthly Low:  109.9144
       Daily Fibonacci 38.2%:  129.1967
       Daily Fibonacci 61.8%:  129.9127
       Daily Pivot Point S1:  127.5553
       Daily Pivot Point S2:  126.2796
       Daily Pivot Point S3:  124.5214
       Daily Pivot Point R1:  130.5893
       Daily Pivot Point R2:  132.3475
       Daily Pivot Point R3:  133.6233


BCH/USD 60-minute chart

  • Price action is moving within a near-term bearish flag formation via the 60-minute, subject to further potential downside.

BCH/USD daily chart

  • A key trend line break was seen via the daily, further downside pressure flowing.