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23 November 2020

Bitcoin Cash Analysis: Support Turned Resistance At $235

Bitcoin Cash Analysis: Support Turned Resistance At $235


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During the decline, there was a break below a key bullish trend line with support at $242 on the 4-hours chart of the BCH/USD pair.

On the upside, there is a major resistance forming near the $235 and $240 levels.

Besides, there is a major bearish trend line forming with resistance near $235 on the same chart.

If there is a clear break below the $220 support, there is a risk of a larger decline in the coming sessions.

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