Bitcoin Cash Technical Analysis: BCH/USD being provided with another attempt north within supportive channel

Bitcoin Cash price seen up just shy of 1% on Thursday, inline with the green seen across the market.
BCH/USD is currently supported to the upside within an ascending channel pattern.

Ken Chigbo Independent Analyst

BCH/USD 30-minute chart

Spot rate: 521.5

Relative change: +0.90%

High: 533.2

Low: 516.2

Trend: Bullish.

Resistance 1: 523.1, 100MA (60-minute).

Resistance 2: 533.2, upper part of ascending channel.

Resistance 3: 542.5, supply zone.

Support 1: 520.5, lower trend line of channel.

Support 2: 513.0, support on 60-minute chart.

Support 3: 506.0, demand zone.

Author

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.

Dash Price Forecast: DASH defies headwinds, paces toward $100

Dash extends its rally, reaching an intraday high of $96.85 despite the broader crypto market correcting. Retail interest in DASH explodes as futures Open Interest soars to $165 million.

XRP slides below 50-day EMA as selling pressure intensifies

Ripple is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin falling toward $95,000 and Ethereum pressing down on support at $3,300.