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  • Bitcoin Cash price on Friday trading in minor positive of just some 0.90% in the second half of the session.  
  • BCH/USD price action moving within a rising channel formation, observed via the daily chart view.  
  • In terms of news flow,  Thailand’s SEC Actually removed Bitcoin Cash (BCH), Litecoin (LTC) And Ethereum Classic (ETC) From Crypto’s Eligible For ICO Fundraising.  The regulatory body will only allow; Bitcoin (BTC), Ethereum (ETC), Ripple (XRP) and Stellar (XLM). Detailing that no cryptocurrency, even those on their approved list, are certified as legal tender in the country.


Spot rate:                130.63

Relative change:     +0.90%

High:                        131.73

Low:                         129.06


Trend:                       Neutral

       Daily SMA20:  130.6954
       Daily SMA50:  127.4616
       Daily SMA100:  143.0479
       Daily SMA200:  321.7172
       Previous Daily High:  132.7187
       Previous Daily Low:  127.7779
       Previous Weekly High:  150.0785
       Previous Weekly Low:  119.129
       Previous Monthly High:  156.9334
       Previous Monthly Low:  109.9144
       Daily Fibonacci 38.2%:  129.6653
       Daily Fibonacci 61.8%:  130.8313
       Daily Pivot Point S1:  127.2324
       Daily Pivot Point S2:  125.0348
       Daily Pivot Point S3:  122.2917
       Daily Pivot Point R1:  132.1731
       Daily Pivot Point R2:  134.9163
       Daily Pivot Point R3:  137.1139


BCH/USD 60-minute chart

BCH/USD via the 60-minute chart view is moving within a bearish flag formation, subject to moves north.  

BCH/USD daily chart

Price action moving within an ascending channel formation, subject to a potential breakout to the downside.