Bitcoin Cash Technical Analysis: BCH/USD price is on the fast highway to the deep south within descending channel
|- Bitcoin Cash price nursing losses just shy of 3% on Friday, as bull momentum from the start of the week, gives up much ground.
- BCH/USD is moving fast to the south within a descending channel, as seen on the 60-minute chart.
BTC/USD 60-minute chart
Spot rate: 83.36
Relative change: +0.06%
High: 84.26
Low: 80.27
Trend: Bearish
Support 1: 715.8, (support on 60-minute chart).
Support 2: 668.30, lower part of descending channel.
Support 3: 655, demand zone.
Resistance 1: 736.4, upper trend line of descending channel.
Resistance 2: 745.0, 50MA.
Resistance 3: 760.9, 100MA & supply zone.
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