Bitcoin Cash technical analysis: BCH/USD bulls breakout to the upside from a near-term bullish pennant structure

• Bitcoin Cash price is trading in firmly in positive territory, holding gains of some 6.20% on Friday.
• BCH/USD bulls enjoy a surge in upside momentum, following a near-term pennant breakout.  
• The price is moving within a bearish pennant via the daily, as seen with some of its peers.  

Spot rate:                  320.22

Relative change:       +6.25%

High:                          324.83

Low:                           294.12

BCH/USD 15-minute chart

• Bulls via the 15-minute smashed out from a bullish pennant structure.  

BCH/USD daily chart

• Price action has been moving within a bearish pennant over the daily chart view, despite the jump in the session.