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

  • 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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