RATE Group | BCH/USD giving up $200 could open the door to a strong wave of downside pressure
86350
post-template-default,single,single-post,postid-86350,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 giving up $200 could open the door to a strong wave of downside pressure

21 Apr BCH/USD giving up $200 could open the door to a strong wave of downside pressure

Posted at 16:21h in Bitcoin News by

  • Bitcoin Cash price is trading in the green, with gains of 0.45% in the second half of the session.
  • BCH/USD price action is at risk of another drop given bear flag breakout and retest. 
  • The next major of support should be noted at the psychological $200 mark. 

 

BCH/USD daily chart

The price is running at two consecutive sessions in the red, after a flag rejection. 

BCH/USD 60-minute chart

The price is moving within a tight range, subject to a bearish pennant breakout. 

 

Spot rate:                220.72

Relative change:    +0.45%

High:                        223.78

Low:                         215.76

 

Source link

Tags:
, , , , , , , ,