Bitcoin Cash Technical Analysis: BCH/USD relief upside very much limited, price gets stuck in new supply zone, bears selling rallies
|- Bitcoin Cash price seen up with decent of 3% in the session, as bears take some time off selling pressure.
- BCH/USD like other cryptos has formed a bearish pennant pattern, running into a new supply area, failing to break above.
BCH/USD 60-minute chart
Relative change: +2.90%
High: 620.0
Low: 577.0
Trend: Bullish
Support 1: 586.1, lower part of pennant.
Support 2: 565.1, 8th August low.
Support 3: 523.5, 8th November 2017 low.
Resistance 1: 615.8, upper part of pennant.
Resistance 2: 620.6, 50MA.
Resistance 3: 630.0, (resistance on 60-minute chart
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