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  • Bitcoin Cash price is trading in the green, with gains of 14.30% in the second half of the session.
  • BCH/USD price action has smashed out to the upside from a bullish pennant structure.
  • The bulls escaped a mundane range of $390 to the upside, and then $360 to the downside. 

BCH/USD daily chart

Price action is breaking out of a narrowing range structure, of which had contained BCH for seven sessions. 

BCH/USD 60-minute chart

A range block formation was observed via the 60-minute chart view, which has been strongly broken down by the bulls. 

 

Spot rate:                 434.27

Relative change:     +14.30%

High:                         438.65

Low:                          378.06