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  • Bitcoin Cash was holding some minor gains in the latter stages of trading on Tuesday.  
  • There is still the threat from another wave of selling pressure, after the initial bounce earlier in the session.
  • BCH/USD heading back towards a vital demand area, which could see $400 at danger of being breached.  

 

BCH/USD 4-hour chart  


 

Spot rate:                   418.7

Relative change:       +0.21%

High:                          443.0

Low:                           414.2

 

Trend:                        Neutral

 

Resistance:                440.5, weekly low & 50MA (4-hour).

Resistance:                445.2, underneath breached pennant.

Resistance:                453.8, daily pivot point resistance.

Support 1:                  415.0, demand zone.

Support  2:                  407.0, daily pivot point support.  

Support  3:                  396.2, daily pivot point support.