Bitcoin Cash Technical Analysis: BCH/USD gate to further glorious gains just ahead
|- Bitcoin Cash held healthy gains in the latter stages of trading on Tuesday, over 7% in the session.
- BCH/USD major near-term challenge ahead, bulls must breakdown supply zone within $650 area, for further chunky upside. The price last faltered here btween 3-4 September.
- A panel of experts at Finder within their latest cryptocurrency report, the median expectation across 9 analysts, anticipate Bitcoin Cash to be at $739 by the end of the year.
BCH/USD daily chart
Spot rate: 611.5
Relative change: +7.16%
High: 619.7
Low: 541.4
Trend: Bullish
Resistance 1: 640.0, supply area.
Resistance 2: 636.4, 1st September.
Resistance 3: 626.5, daily pivot point resistance.
Support 1: 524.8, 100DMA.
Support 2: 520.6, daily pivot point support.
Support 3: 482.4, 50DMA.
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