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  • Bitcoin Cash price into the late on Wednesday is nursing losses of some 3%.
  • BCH/USD bears are testing a critical  near-term ascending trend line of support to the downside.  


Spot rate:                127.82

Relative change:     -3.02%

High:                        133.32

Low:                         125.89


Trend:                       Bearish


       Daily SMA20:  129.8056
       Daily SMA50:  128.6577
       Daily SMA100:  147.353
       Daily SMA200:  326.4031
       Previous Daily High:  136.9153
       Previous Daily Low:  130.032
       Previous Weekly High:  150.0785
       Previous Weekly Low:  119.129
       Previous Monthly High:  174.9558
       Previous Monthly Low:  104.8742
       Daily Fibonacci 38.2%:  132.6614
       Daily Fibonacci 61.8%:  134.2859
       Daily Pivot Point S1:  128.8055
       Daily Pivot Point S2:  125.9771
       Daily Pivot Point S3:  121.9222
       Daily Pivot Point R1:  135.6888
       Daily Pivot Point R2:  139.7437
       Daily Pivot Point R3:  142.5721


BCH/USD 60-minute chart

A near-term supporting trend line has been breached via the 60-minute view, inviting a wave of selling.  

BCH/USD daily chart

  • A near-term ascending trend line that has been in play since the back end of January is under threat.