Ken Chigbo
Independent Analyst
- Bitcoin Cash price held decent gains of around 7%, after spiking to the upside in afternoon trading.
- Binance announced through their blog, they will be supporting the Bitcoin Cash hard fork.
- Within 3 hours of trading BCH/USD rallied some 8%, following the news.
BCH/USD 60-minute chart
Spot rate: 457.5
Relative change: +7.22%
High: 463.2
Low: 425.2
Trend: Neutral
Resistance 1: 463.0, resistance on 60-minute.
Resistance 2: 467.8, 18th October.
Resistance 3: 470.0, supply zone.
Support 1: 456.3, support on 60-minute.
Support 2: 443.1, demand area.
Support 3: 431.5, on top of bull flag.
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