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Bitcoin Cash Technical Analysis: BCH/USD bulls taking a breather

  • Bitcoin Cash on Monday in the second half of the session, nursing losses of some 4%.
  • BCH/USD bulls are taking a breather after the strong surge higher of late.  
  • Price action has formed a bullish flag pattern formation via the 4-hour chart view.  

 

Spot rate:                  306.36

Relative change:       -4.15%

High:                         329.74

Low:                          294.46

BCH/USD 4-hour chart

  • 4-hour chart view sees BCH/USD moving within a bullish flag formation, eyes on potential breakout higher.  

BCH/USD daily chart

  • Price action moving within consolidation mode, as the bulls ease after their huge recent gains. Subject to further possible moves north.  

 

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