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  • Bitcoin Cash price trading down over 3.0% well into the second part of the session on Tuesday.  
  • BCH/USD price action moving within a descending wedge pattern, subject to a breakout to the upside.  
  • Should the 25th November low around $145 continue to hold, buying pressure could be seen right around the corner.  

 

BCH/USD daily chart  

 
 

Spot rate:                   171.47

Relative change:       -3.21%

High:                          185.19

Low:                           167.27

 

Trend:                         Bearish

 

Support 1:                   170.60, daily support.

Support 2:                   162.15, 26 November low.

Support 3:                   145.09, 25 November low.

Resistance 1:              31.78, breached trend line.

Resistance  2:              34.06, neckline of double bottom.  

Resistance  3:              35.94, daily pivot point resistance.