Home Bitcoin Cash technical analysis:  BCH/USD big breakout and retest of bearish flag
Crypto News

Bitcoin Cash technical analysis:  BCH/USD big breakout and retest of bearish flag

FX Street
Published date:
  • Bitcoin Cash price is trading in the red, with deep losses of 9.10%   the session on Wednesday.
  • BCH/USD daily price action broke out and retested a bearish flag structure.  
  • The big psychological  $200 price mark is being tested to the downside.  

 

BCH/USD daily chart

Price action via the daily chart view broke out and retested a bearish flag structure.  

BCH/USD 60-minute chart

Large sell orders kicked into play after the price was hit within the $235 territory, inviting a strong bout of selling pressure.  

 

Spot rate:                   230.58

Relative change:       -1.45%

High:                          227.76

Low:                           197.93

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026