- BCH forms falling wedge on the short term chart.
- Breakout is near but not enough.
Bitcoin Cash, the split and ambitious cousin of the largest cryptocurrency Bitcoin, has formed a falling wedge on the short term chart which is although bullish for the crypto but it still won’t be enough for the bulls to take complete control in their hands.
BCH/USD is up three cents of a percent on day at $440.69 and in less than one percent range for the day. On the two hours chart, BCH has formed a falling wedge which is a bullish pattern in the immediate term, with price target upto $468.
But it still won’t take the crypto beyond $500 or higher to change the medium-long term trend up.
BCH/USD 120-minute chart:
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