Bitcoin Cash Technical Analysis: BCH/USD gate to further glorious gains just ahead

0
  • Bitcoin Cash held healthy gains in the latter stages of trading on Tuesday, over 7% in the session.
  • BCH/USD major near-term challenge ahead, bulls must breakdown supply zone within $650 area, for further chunky upside. The price last faltered here btween 3-4 September.
  • A panel of experts at Finder within their latest cryptocurrency report, the median expectation across 9 analysts, anticipate Bitcoin Cash to be at $739 by the end of the year. 

 

BCH/USD daily chart 


 
 

Spot rate:                  611.5

Relative change:      +7.16%

High:                         619.7

Low:                          541.4

 

Trend:                       Bullish

 

Resistance 1:           640.0, supply area. 

Resistance 2:           636.4, 1st September.

Resistance 3:           626.5, daily pivot point resistance.

Support 1:                524.8, 100DMA.

Support 2:                520.6, daily pivot point support.

Support 3:                482.4, 50DMA.

Get the 5 most predictable currency pairs

About Author