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Bitcoin Cash Technical Analysis: BCH/USD jumps on a roller-coaster ahead of its committed move

  • Bitcoin Cash seem holding gains just shy of 2% on Tuesday, managing to stay above $500.  
  • BCH/USD was caught again by support, after a break lower late on Monday, support came into play ahead of $500 breach.

 

 

BCH/USD 60-minute chart


 

Spot rate:                    522.6

Relative change:        +1.8%

High:                           543.2

Low:                            510.3

 

Trend:                         Bullish

 

Resistance 1:              545.0, 50MA.  

Resistance 2:             550.10, (resistance on 60-minute chart).

Resistance 3:             555.10,  100MA.

Support 1:                    518.10, ascending trend line.

Support    2:                  506.7, t(support on 60-minute chart).

Support    3:                  470.10, 14th August low.  

 

 

 

 

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