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  • Bitcoin Cash price nursing losses of some 0.50% in the second half of trading on Thursday.
  • BCH/USD price action is moving within a bearish flag pattern formation, subject to potential breakout south.

BCH/USD 15-minute chart

  • Additional selling pressure as the price headed through the 38.2% Fibonacci. Moving within a rising wedge formation, additional confluence to further potential downside, if a breakout is observed.

Spot rate:                129.40

Relative change:     -0.50%

High:                        132.71

Low:                         127.77


Trend:                       Neutral/Bearish


       Daily SMA20:  130.6186
       Daily SMA50:  128.0663
       Daily SMA100:  145.2476
       Daily SMA200:  324.1113
       Previous Daily High:  133.3203
       Previous Daily Low:  125.1897
       Previous Weekly High:  150.0785
       Previous Weekly Low:  119.129
       Previous Monthly High:  174.9558
       Previous Monthly Low:  104.8742
       Daily Fibonacci 38.2%:  128.2956
       Daily Fibonacci 61.8%:  130.2144
       Daily Pivot Point S1:  125.9267
       Daily Pivot Point S2:  121.4929
       Daily Pivot Point S3:  117.7961
       Daily Pivot Point R1:  134.0573
       Daily Pivot Point R2:  137.7541
       Daily Pivot Point R3:  142.1879


BCH/USD 60-minute chart

  • A breakout is anticipated out from this range-block formation observed  via the 60-minute view.  


BCH/USD 4-hour chart

  • Price action moving within a bearish flag formation, observed via the 4-hour chart view.