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  • Bitcoin Cash nursing some chunky losses on Tuesday, just shy of double digits over 9.5%.
  • BCH/USD price breaks out of a bearish flag formation, inviting further selling.

 

BCH/USD daily chart


 

Spot rate:                    479.0

Relative change:        -9.70%

High:                           531.6

Low:                            471.1

Trend:                         Bearish.
 

Support 1:                  475.0, (support on 30-minute chart).  

Support 2:                  471.1, today’s (Tuesday) low.  

Support 3:                  412.8, consolidation area November, prior to 2017 bull run.

Resistance 1:              484.3, underneath bearish flag.

Resistance 2:             498.9, upper part within bearish flag.

Resistance 3:             510.0, 50MA.