- Bitcoin Cash on Wednesday is trading in negative territory in the latter stages of the session, down just over 1%.
- BCH/USD bears gunning for a retest of breached descending wedge pattern.
- The pullback could see the upper trend line touched, tracking at $127, which will be eyed for support.
Spot rate: 130.69
Relative change: -1.11%
High: 133.06
Low: 128.55
Trend: Bullish
Trends:
Daily SMA20: 132.1355
Daily SMA50: 126.1586
Daily SMA100: 136.4749
Daily SMA200: 311.2213
Levels:
Previous Daily High: 132.9466
Previous Daily Low: 122.3233
Previous Weekly High: 156.9334
Previous Weekly Low: 125.1897
Previous Monthly High: 156.9334
Previous Monthly Low: 109.9144
Daily Fibonacci 38.2%: 128.8885
Daily Fibonacci 61.8%: 126.3814
Daily Pivot Point S1: 125.0579
Daily Pivot Point S2: 118.3789
Daily Pivot Point S3: 114.4346
Daily Pivot Point R1: 135.6812
Daily Pivot Point R2: 139.6255
Daily Pivot Point R3: 146.3044
BCH/USD 60-minute chart
- Price action via the 60-minute chart view is moving within a bullish pennant pattern formation.
BCH/USD daily chart
- Following the price breaking out from a bearish descending wedge pattern, a retest is currently eyed.