Bitcoin Cash Technical Analysis: BCH/USD subject to extended move south
|- Bitcoin Cash nursing losses exceeding 3% in the session on Wednesday.
- BCH/USD via the 60-minute chart view, is moving within a rising wedge pattern, subject to a break south.
- Bears eyes will be on a retest of the 20th November session low at $203.0
- BCH/USD firmly down over 60% from 7th November, where the price was seen up within $650 territory.
BCH/USD 60-minute chart
Spot rate: 253.9
Relative change: -5.00%
High: 283.0
Low: 231.5
Trend: Bearish
Support 1: 250.0, lower wedge support.
Support 2: 231.2, 60-minute support.
Support 3: 203.0, 20 November low.
Resistance 1: 283.0, upper part of wedge.
Resistance 2: 292.6, 20 November high.
Resistance 3: 331.0, 60-minute resistance.
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