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Bitcoin Cash Technical Analysis: BCH/USD crashes out from rising wedge pattern

  • Bitcoin Cash price was seen in trading within positive territory on Wednesday, trading up some 0.45%.
  • Despite the marginal gains observed, BCH/USD fell out from a broadening wedge pattern.    

 

BCH/USD 60-minute  chart  


 

Spot rate:                   451.6

Relative change:       +0.45%

High:                          455.1

Low:                           446.7

 

Trend:                        Neutral

 

Support 1:                  448.2, support on 60-minute chart.  

Support  2:                  443.2, 23 October low.  

Support  3:                  438.0, demand zone.  

Resistance  1:             451.4, underneath breached wedge.

Resistance  2:             453.6, 100MA (60-minute).  

Resistance  3:             458.0, upper part of wedge. .  

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