Home Bitcoin Cash Technical  Analysis: BCH/USD fails again to sustain upside momentum, bears move in quickly to sell rallies
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Bitcoin Cash Technical  Analysis: BCH/USD fails again to sustain upside momentum, bears move in quickly to sell rallies

  • Bitcoin Cash was seen holding modest gains of around 1% on Thursday.
  • BCH/USD failed to regain the $900 mark, as bears swopped in to drive price lower last Wednesday.
  • A supply zone is in the way of further upside, tracking between $890-900.

 

BCH/USD 60-minute chart

 

Spot rate:                    805.50

Relative change:         +0.80%

High:                           845.0

Low:                            805.50

 

Trend:                         Neutral/Bullish.

 

Resistance  1:             840.7, 50MA.

Resistance 2:              844.6, (resistance on 60-minute chart).  

Resistance 3:              855.1, supply zone.  

Support 1:                  812.9, prior supply area, now demand.

Support 2:                  801.9, 38.2% and 100MA.

Support 3:                  784.6, (support on 60-minute chart).

 

 

 

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