Bitcoin Cash Technical Analysis: BCH/USD reversing all of the decent gains seen this week
|- Bitcoin Cash was on the back foot, giving back all of its gains made on Monday, down in the session over 2%.
- If near-term support fails to hold, it may not be long until the price is retesting the lows on 29th June, within the $600 region.
BCH/USD 60-minute chart
Spot rate: 765.0
Relative change: -2.05%
High: 831.3
Low: 763.3
Trend: Bearish
Support 1: 762.1, 50% Fibonacci & 50MA.
Support 2: 745.0, 100MA.
Support 3: 728.70, on top of broken flag.
Resistance 1: 792.3, 61.8% Fibonacci.
Resistance 2: 800.0, supplt zone.
Resistance 3: 831.3, today’s (Tuesday) high.
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.