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  • Bitcoin Cash price on Thursday was a huge out-performer, with chunky gains of around 10%.
  • BCH/USD price leaped over a descending trend line, that had been containing upside since 2 September.

 

 

BCH/USD 4-hour-minute chart  

Spot rate:                    561.9

Relative change:        +9.13%

High:                           590.0

Low:                            512.8

 

Trend:                         Bullish

 

Resistance 1:                  575.00, resistance on 4-hour chart.

Resistance 2:              585.50,supply area.  

Resistance 3:              608.00, 17 August high.

Support 1:                    555.50,  support on 4-hour chart.

Support 2:                   513.30,  demand zone.

Support 3:                   480.00,  breached descending trend line.