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  • Bitcoin Cash price on Monday is nursing losses of over 2% towards the latter part of the session.  
  • BCH/USD like many of its peers is testing an important daily ascending trend line of support if breached could see a chunky wave of selling pressure.  
  • Buyers continue to maintain interested near-term via the 60-minute view within the range of $125-126.  

 

Spot rate:                  127.10

Relative change:       -2.30%

High:                          131.07

Low:                           125.79

Trends:

       Daily SMA20:  133.401
       Daily SMA50:  126.3212
       Daily SMA100:  133.8729
       Daily SMA200:  300.6954
Levels:
       Previous Daily High:  133.0369
       Previous Daily Low:  129.4368
       Previous Weekly High:  133.068
       Previous Weekly Low:  120.5261
       Previous Monthly High:  156.9334
       Previous Monthly Low:  109.9144
       Daily Fibonacci 38.2%:  130.8121
       Daily Fibonacci 61.8%:  131.6617
       Daily Pivot Point S1:  128.8855
       Daily Pivot Point S2:  127.3611
       Daily Pivot Point S3:  125.2854
       Daily Pivot Point R1:  132.4856
       Daily Pivot Point R2:  134.5613
       Daily Pivot Point R3:  136.0857

 

BCH/USD 60-minute chart

Near-term buying observed around $125-126 price territory, a breach could open the door to a fresh wave of selling.  

 

BCH/USD daily chart

  • The price is hugging the critical ascending trend line, support tracking at $125 via the daily.