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  • Bitcoin Cash seen down over 4% on Friday, as bearish momentum continues, after bulls failed to sustain upside from the beginning of the week.  
  • BCH/USD price action has formed a narrowing wedge, since the highs at the start of the week.  

 

 

BCH/USD 60-minute chart

 

Spot rate:                    792.0

Relative change:         -4.00%

High:                           823.9

Low:                            772.6

 

Trend:                        Bearish

 

Support 1:                  784.6, (support on 60-minute chart).  

Support 2:                  775.5, 50% Fibonacci.

Support 3:                  764.6, lower part of wedge.

Resistance  1:             801.1, upper part of wedge.

Resistance 2:             802.8, 38.2% Fibonacci.

Resistance 3:             811.0, supply zone.