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Bitcoin Cash Technical Analysis: BCH/USD bearish flag eyed, as another drop looks possible

  • Bitcoin Cash price seen trading broadly flat on Friday, down with losses of 0.60%
  • Bitcoin Cash Technical Analysis: BCH/USD bearish flag eyed, as another drop looks possible

 

 

BCH/USD 60-minute chart

 

Spot rate:                    528.9

Relative change:        -0.60%

High:                           540.2

 
Low:                            525.2
 
 
Trend:                         Bearish

 
 
Support 1:                   525.4, lower trend line of bearish flag & 100MA.  
 
Support    2:                  517.0, (support on 60-minute chart).  
 
Support    3:                  509.1 22nd August low.  
 
Resistance 1:             534.0, (resistance on 60-minute chart).  
 
Resistance 2:             538.1, upper part of bearish flag.  
 
Resistance 3:             540.2, today’s (Friday) high.  
 
 
 
 

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