Bitcoin Cash Technical Analysis: BCH/USD breakout and retest, enough incentive for the bulls to run
|- Bitcoin Cash price is outperforming many of its peers, holding decent gains over 3% in the session.
- BCH/USD price action broke out of a descending channel and has observed a retest, playing by the book technically.
BCH/USD 60-minute chart
Spot rate: 534.1
Relative change: +3.15%
High: 555.0
Low: 507.3
Trend: Bullish
Resistance 1: 538.6, 100MA & resistance on 60-minute.
Resistance 2: 567.5, 10 November high.
Resistance 3: 593.0, 4 November high.
Support 1: 525.4, 50MA.
Support 2: 499.2, on top of breached descending channel.
Support 3: 460.7, support on 60-minute.
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