Ken Chigbo
Independent Analyst
- Bitcoin Cash price Tuesday is trading in minor negative territory towards the latter stages of trading in the session.
- BCH/USD bulls have seen and slow down since the decent run north, attempting to breakdown a large supply area, ahead of $400 territory.
- The price is supported near-term by a key ascending 60-minute trend line, a breach could invite chunky selling.
Spot rate: 381.10
Relative change: -0.70%
High: 410.68
Low: 362.84
BCH/USD 60-minute chart
- Near-term ascending trend line via the 60-minute chart view can be seen supporting BCH/USD.
BCH/USD daily chart
- Chunky supply heading into the $400 price territory. The daily candlestick is set to potentially produce an evening star formation.
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