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  • Bitcoin Cash holding modest gains of 1.5% on Monday, however a bullish set up is for the taking, but could be damaging if not fulfilled.
  • A bull flag pattern is seen on the 30-minute chart, upper resistance at $780, support at $732.

 

The Bitcoin Cash price is seen holding modest gains on Monday of 1.5%, after the heavy sell-off encountered from Friday until Sunday, across the crypto market. BCH/USD appears lined up for a bullish move within the short-term, given the eyed bull flag.

BCH/USD has dropped almost 30% from Friday to Sunday, moving from a high at the time just above the $900 area, down to lows seen on Sunday 24th at around $660. The price managed to receive decent demand around this area.

Technically a near-term bullish set up is seen, upper trend line is currently resisting at $780, the underlying support is tracking at $731, which completes see the formation of a bull flag on the 30-minute chart.

 

BCH/USD 30-minute chart