- Bitcoin Cash was seen nursing losses of over 3%, inline with a cooling in pricing seen across the market.
- BCH/USD bulls failed to breakdown resistance of $568-575, sellers pile in.
- Bears currently dragging the price south, may look for a retreat to ascending trend line seen below.
BCH/USD 60-minute chart
Spot rate: 291.55
Relative change: -2.16%
High: 297.36
Low: 287.72
Trend: Bearish
Support 1: 537.3, 100MA.
Support 2: 535.2, 50MA.
Support 3: 533.5, ascending trend line & 61.8% Fibonacci.
Resistance 1: 568.9, supply zone entrance.
Resistance 2: 574.1, 28th August high.
Resistance 3: 580.0, resistance on 60-minute chart.
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