Bitcoin Cash Technical Analysis: BCH/USD is on the stairway to heaven, are bulls fly high with recovery

  • Bitcoin Cash price on Thursday jumped a chunky 5% in the session.
  • BCH/USD is currently moving within an ascending channel pattern, on its path to recovery.

 

 

BCH/USD 60-minute chart 


 


Spot rate:                  454.5

Relative change:       +5.05%

High:                          462.2

Low:                           431.0

 

Trend:                        Bullish

 

Resistance 1:            460.0, supply zone.

Resistance 2:            468.4, upper part of rising channel.

Resistance 3:            475.0, resistance on 60-minute chart.

Support 1:                  447.3, lower part of channel.

Support  2:                 433,1, 50MA.

Support  3:                 412.8, 12th September low.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.