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  • Bitcoin Cash jumped as much as 13% on Tuesday, before losing some steam, but remained up 9%.  
  • BCH/USD smashed through a descending wedge pattern that has containing upside.  
  • Chunky resistance tracks from $870-$900, which has given Bitcoin Cash problems on several  occasions.  

 

 

BCH/USD 30-minute chart

 

Spot rate:                    853.1

Relative change:         +9.11%

High:                           878.8

Low:                            772.0

 

Trend:                         Bullish.

 

Resistance  1:              870.0, entrance to supply zone.  

Resistance 2:             878.8, today’s (Tuesday) high.

Resistance 3:             880.0,  (resistance on 30-minute chart).  

Support 1:                  855.5, (support on 30-minute chart).

Support 2:                  844.7, 19th July high, demand area.

Support 3:                  815.0, 50 & 100MA, demand area.