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Bitcoin Cash technical analysis: BCH/USD price action continues to point at vulnerabilities

  • Bitcoin Cash price in the second half of the day on Wednesday is trading in the red down just some 0.11%.
  • BCH/USD price action remains within consolidation mode, within a rising wedge structure.  
  • Given current price behaviour, there are still somewhat vulnerabilities to the downside.  

Spot rate:                   335.00

Relative change:       -0.10%

High:                          346.46

Low:                           330.09

 

BCH/USD 60-minute chart

  • Critical near-term demand zone preventing the price from a free-fall, seen at $330.  

BCH/USD daily chart

  • Price action is moving within a rising wedge structure, remaining subject to potential downside.  

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