Home Bitcoin Cash Technical  Analysis: BCH/USD crashes as the fall resumes, bigger devastation has now arrived
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Bitcoin Cash Technical  Analysis: BCH/USD crashes as the fall resumes, bigger devastation has now arrived

  • Bitcoin Cash price crashed over 7% on Tuesday, one of the standout under-performers.
  • BCH/USD crashed through a vital near-term support area, demand zone tracking from $465-457.

 

 

BCH/USD 60-minute chart


 

Spot rate:                    434.2

Relative change:        -7.00%

High:                           477.3

Low:                            431.9

 

Trend:                         Bearish

 

Support 1:                   410.00, support on 60-minute chart.

Support    2:                  305.8, 15th September 2017 long wick low.

Support    3:                  288.2, demand zone.

Resistance 1:             452.1, resistance on 60-minute chart.

Resistance 2:             457.2, prior demand zone.

Resistance 3:             471.0, 50MA.

 

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