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Bitcoin Cash Price Analysis: BCH/USD is vulnerable trading below a critically breached trend line

  • Bitcoin Cash price is trading in the red, with losses of 1.25% in the second half of the session.
  • BCH/USD has done little over the last three sessions, next committed move pending. 
  • Critical daily support should be noted at $375, this week’s current low. 
Bitcoin Cash Price Analysis: BCH/USD is vulnerable trading below a critically breached trend line
Ken ChigboKen ChigboIndependent Analyst

BCH/USD daily chart

An ascending trend line has been supporting the price since the commencing of February. 

BCH/USD 60-minute chart

Price action is moving within a rising wedge structure via the 60-minute chart view. 

Spot rate:                 404.15

Relative change:     -1.25%

High:                         424.82

Low:                          408.02

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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