- Bitcoin Cash drops over 5% on Tuesday, as mass selling across the crypto market is observed.
- BCH/USD breaks out to the downside from a triangular pattern seen on the 60-minute chart.
BCH/USD 60-minute chart
Spot rate: 775.2
Relative change: -4.83%
High: 814.9
Low: 760.0
Trend: Bearish
Support 1: 760.0 today’s (Tuesday) & (support on 60-minute chart).
Support 2: 750.5, demand zone.
Support 3: 740.2, 21st July.
Resistance 1: 780.0, supply zone.
Resistance 2: 786.2, underneath triangular pattern.
Resistance 3: 810.0, 50MA.