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Bitcoin Cash Technical Analysis: BCH/USD is the big out performer gaining 9%, but falling short ahead of $900

  • BCH/USD fell short ahead of the $800 mark, not seen since the 4th July. 
  • Bitcoin Cash produces decent gains on Monday, jumping over 9%.
Bitcoin Cash Technical Analysis: BCH/USD is the big out performer gaining 9%, but falling short ahead of $900
Ken ChigboKen ChigboIndependent Analyst

BCH/USD 60-minute chart

Spot rate:                    785.1

Relative change:         +8.46%

High:                           790.0

Low:                            716.2

Trend:                         Bullish

Resistance 1:            790.00, today's (Monday) high. 

Resistance 2:             800.00, psychological resistance. 

Resistance 3:             811.30, 4th July high.

Support 1:                  774.50, (support on 60-minute chart). 

Support 2:                  765.10, demand zone. 

Support 3:                  760.70, (support on 60-minute chart). 

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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