Home Bitcoin Cash Technical Analysis: BCH/USD huge bull run, 80% in four days, no slowdown signs
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Bitcoin Cash Technical Analysis: BCH/USD huge bull run, 80% in four days, no slowdown signs

  • Bitcoin Cash price holding enormous gains late on Wednesday, up over 27%.
  • BCH/USD has rallied over 80% over the past four days, highest level printed since 5th December.

 

BCH/USD 15-minute chart


 

 

Spot rate:                   131.95

Relative change:       +27.22%

High:                          134.59

Low:                           103.57

 

 

Trend:                         Bullish

 

Resistance 1:              134.00, daily pivot point resistance.

Resistance  2:              150.00, 25 November low.  

Resistance  3:              200.00, psychological resistance.  

Support 1:                   90.41, daily pivot point support.

Support 2:                   76.80, daily pivot point support.

Support 3:                   68.61, daily pivot point support.

 

BCH/USD 60-minute chart

  • Price fast approaching 61.8% Fibonacci, which may be a minor barrier, seen at $140.

BCH/USD 4-hour chart

  • There isn’t too much in the way of resistance until the psychological $200 mark.  

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