Bitcoin Cash Technical Analysis: BCH/USD price action is very much reminiscent of the moves seen prior to the big drop on Sunday 24th June, buckle up your seat belts
|- Bitcoin Cash down over 3.5% on Tuesday, with current price behaviour looking appetizing for the market bears.
- The BCH/USD price action is reminiscent to the moves seen prior to the drop on Sunday 24th June.
BCH/USD 30-minute chart
Spot rate: 726.9
Relative change: -3.70%
High: 758.1
Low: 716.5
Trend: Bearish
Support 1: 716.5, today’s (Tuesday) low.
Support 2: 661.9, 24th June low.
Support 3: 656.0, (support on 30-minute chart).
Resistance 1: 746.5, 50 & 100MA.
Resistance 2: 765.0, (resistance on 30-minute chart).
Resistance 3: 780.0, 50% Fibonacci.
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.