Bitcoin Cash Technical Analysis: BCH/USD risks remain tilted to the downside, following breach of $150

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  • Bitcoin Cash price late on Friday is trading within negative territory, down firmly over 2%. 
  • BCH/USD remains vulnerable to downside risks, given the breach of $150 near-term support. 

 

BCH/USD 15-minute chart

  • Near-term price action is moving within a horizontal range-block formation, vulnerabilities remain to the downside. 

 

 

Spot rate:                  130.77

Relative change:      -2.20%

High:                         133.25

Low:                          126.57

 

Trend:                        Bearish 

 

Support 1:                 119.66, daily pivot point support.

Support 2:                 106.1574, daily pivot point support.

Support 3:                  84.02, daily pivot point support.

Resistance 1:             155.30, daily pivot point resistance.

Resistance 2:             177.43, daily pivot point resistance.

Resistance 3:             190.94, daily pivot point resistance.

 

BCH/USD 4-hour chart

  • BCH/USD slipped below key near-term support at the $150 price area.

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BCH/USD daily chart

  • Bears crash through range-block, which had contained price since 25th December. 

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