Bitcoin Cash Technical Analysis: BCH/USD produces double top formation, breaks neckline and sees retest
|- Bitcoin Cash price bled on Monday dropping over 3.5%, inline with the pressure to the downside seen across the market.
- BCH/USD completed a double top pattern formation, breaking the neckline and most recently seeing a retest underneath
BCH/USD 60-minute chart
Relative change: -3.80%
High: 493.1
Low: 461.3
Trend: Bearish.
Support 1: 467.0, ascending secondary trend line.
Support 2: 449.6, support on 60-minute chart.
Support 3: 427.0, consolidation area 20 Sept before bull run.
Resistance 1: 475.0, neckline, part of double top.
Resistance 2: 479.6, underneath broken ascending trend line.
Resistance 3: 491.2, resistance on 60-minute chart.
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