Bitcoin Cash Technical Analysis: BCH/USD testing critical supporting trend line
|- Bitcoin Cash price into the late on Wednesday is nursing losses of some 3%.
- BCH/USD bears are testing a critical near-term ascending trend line of support to the downside.
Spot rate: 127.82
Relative change: -3.02%
High: 133.32
Low: 125.89
Trend: Bearish
Trends:
Daily SMA20: 129.8056
Daily SMA50: 128.6577
Daily SMA100: 147.353
Daily SMA200: 326.4031
Levels:
Previous Daily High: 136.9153
Previous Daily Low: 130.032
Previous Weekly High: 150.0785
Previous Weekly Low: 119.129
Previous Monthly High: 174.9558
Previous Monthly Low: 104.8742
Daily Fibonacci 38.2%: 132.6614
Daily Fibonacci 61.8%: 134.2859
Daily Pivot Point S1: 128.8055
Daily Pivot Point S2: 125.9771
Daily Pivot Point S3: 121.9222
Daily Pivot Point R1: 135.6888
Daily Pivot Point R2: 139.7437
Daily Pivot Point R3: 142.5721
BCH/USD 60-minute chart
A near-term supporting trend line has been breached via the 60-minute view, inviting a wave of selling.
BCH/USD daily chart
- A near-term ascending trend line that has been in play since the back end of January is under threat.
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.