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  • Bitcoin Cash down over 3.5% on Tuesday, with current price behaviour looking appetizing for the market bears.
  • The BCH/USD price action is reminiscent to the moves seen prior to the drop on Sunday 24th June.

 

BCH/USD 30-minute chart

Spot rate:                                     726.9

Relative change:               -3.70%

High:                                                   758.1

Low:                                                       716.5

 

Trend:                                                 Bearish

 

 

Support 1:                                  716.5, today’s (Tuesday) low.  

Support 2:                                    661.9, 24th June low.

Support 3:                                    656.0, (support on 30-minute chart).

Resistance 1:                          746.5, 50 & 100MA.

Resistance 2:                          765.0, (resistance on 30-minute chart).

Resistance 3:                          780.0, 50% Fibonacci.