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  • Bitcoin Cash price bled on Monday dropping over 3.5%, inline with the pressure to the downside seen across the market.  
  • BCH/USD completed a double top pattern formation, breaking the neckline and most recently seeing a retest underneath

 

 

BCH/USD 60-minute chart  


 

Spot rate:                    471.1

Relative change:        -3.80%

High:                           493.1

Low:                            461.3

 

Trend:                         Bearish.

 

Support 1:                   467.0, ascending secondary    trend line.

Support 2:                     449.6, support on 60-minute chart.

Support 3:                   427.0, consolidation area 20 Sept before bull run.

Resistance 1:                475.0, neckline, part of double top.

Resistance 2:                479.6, underneath broken ascending trend line.

Resistance 3:                491.2,   resistance on 60-minute chart.