RATE Group | BCH/USD bears force critical flag breakout
71707
post-template-default,single,single-post,postid-71707,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

BCH/USD bears force critical flag breakout

11 Dec BCH/USD bears force critical flag breakout

Posted at 21:04h in Bitcoin News by

[ad_1]

  • Bitcoin Cash price is trading in the red, with losses of 0.80% in the second half of the session.
  • BCH/USD bears have forced a daily breakout of a bearish flag structure.
  • The critical daily support is eyed at $200, a breach could be damaging. 

 

BCH/USD daily chart

The bears have made a step towards a breakout of a narrowing range, allowing room for further downside pressure. 

BCH/USD 60-minute chart

Near-term price action is consolidating, a high up at $209 with support at $204, $5 range, ahead of next committed move. 

 

Spot rate:                 205.48

Relative change:      -0.80%

High:                          208.15

Low:                           204.02

 

[ad_2]

Source link

Tags:
, , , , ,