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. 


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.

Source: FXstreet