Bitcoin Cash Technical Analysis: BCH/USD has tanked 45% over 10 days

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  • Bitcoin Cash price on Friday was nursing losses of over 2% in the second half of the day.
  • BCH/USD extends below vital near-term support seen around the $400 mark.
  • All of the end October-early November bull run gains have been completely wiped, plus more. 

 

BCH/USD daily chart 

 

 
 

Spot rate:                  350.7

Relative change:      -2.00%

High:                         396.00

Low:                          260.37

 

Trend:                       Bearish

 

Support 1:                 276.6, daily pivot point support.   

Support 2:                 168.6, daily pivot point support.

Support 3:                 74.57, daily pivot point support. 

Resistance 1:            478.6, daily pivot point resistance.

Resistance 2:            572.6, daily pivot point resistance.

Resistance 3:            680.6, daily pivot point resistance.

 

 

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