Bitcoin Cash Technical Analysis: BCH/USD profit taking could be damaging

FX Street

Updated: 21 Mar. 2019 | 18:27

Bitcoin Cash price late on Thursday is trading deep in the red down some 4.5%.
Profit-taking appears to have kicked in, resulting in some deep selling for BCH/USD.

Spot rate: 150.79

Relative change: -4.50%

High: 159.51

Low: 146.38

Trend: Bearish

BCH/USD 60-minute chart

Price action has been prevented from a free-fall thanks to near-term demand via the 60-minute view, $146-147.

BCH/USD daily chart

Heavy supply observed via the daily chart view from $165-160, as touted profit-taking comes into place.

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