Home Bitcoin Cash Technical Analysis: BCH/USD next extended move north eyed given bullish technical set up
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Bitcoin Cash Technical Analysis: BCH/USD next extended move north eyed given bullish technical set up

FX Street
Published date:
  • Bitcoin Cash price on Wednesday is moving within the red, nursing minor losses of some 2.80%.  
  • BCH/USD price action via the daily chart view is moving within a bullish pennant pattern formation.  
  • 60-minute chart view sees price action well supported by an ascending trend line.

 

Spot rate:                   321.964

Relative change:       -2.80%

High:                          321.94

Low:                           304.15

BCH/USD 60-minute chart

  • Price action is being supported to the upside by an ascending trend line, preventing a free-fall south.  

BCH/USD daily chart

  • The daily time frame can see a bullish pennant pattern formation, subject to a breakout.  

FX Street

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