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  • 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.