Juan Luis M. Blog | Bitcoin Cash Technical Analysis: | TalkMarkets

Bitcoin Cash Technical Analysis:

Date: Wednesday, September 19, 2018 9:16 AM EST
  • Bitcoin Cash price jumped a healthy 6% in the second half of Tuesday's session. 
  • BCH/USD briefly started ranging, after the big extension to the upside, with price action forming a bullish pennant pattern. 

Spot rate:                   443.6

Relative change:       +6.45%

High:                          451.3

Low:                           412.1

Trend:                        Bullish

Resistance 1:            440.0, upper trend line of pennant.

Resistance 2:            445-446.0, top area of session & area of supply. 

Resistance 3:            452.8, 17th September high.

Support 1:                 438.6, lower part of pennant. 

Support  2:                434.5, support on 15-minute chart.

Support  3:                426.3, lower wick of 16th September low candle.

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Barry Hochhauser 6 years ago Member's comment

Do you work for FX Street or are you just reposting their work? Looks like they are already a contributor here: http://www.talkmarkets.com/contributor/FXStreet/

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