Bitcoin Cash Price Analysis: BCH/USD deadly weekly evening star proving to be a problem
|- Bitcoin Cash price is trading in the green, with gains of 1.75% in the second half of the session.
- BCH/USD has lost complete upside momentum since topping just shy of $500.
- A critical daily area of demand can be seen tracking from $270-50.
BCH/USD weekly chart
The week is heading for a harsh weekly closure in the red, following from last week’s evening star formation.
BCH/USD daily chart
A breakout and retest have been observed via the daily of a critical former acting support trend line.
Spot rate: 377.97
Relative change: +1.70%
High: 383.78
Low: 367.17
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