Home Bitcoin Cash Technical Analysis: BCH/USD bull wave as price gains around 40% in four days
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Bitcoin Cash Technical Analysis: BCH/USD bull wave as price gains around 40% in four days

  • Bitcoin Cash Monday is trading with gains of some 3% in the second half of the day, the bulls continue to storm north.
  • BCH/USD broke out from a daily bullish flag structure, inviting a strong wave of buying.  
  • The bulls have rallied a chunky 40% over the last four sessions, after the strong price breakout from a flag formation.  

 

Spot rate:                  366.58

Relative change:       +2.77%

High:                          371.31

Low:                           348.09

BCH/USD 60-minute chart

  • Price action via the 60-minute has broken out from a bullish pennant pattern structure, inviting further buying pressure.  

 

BCH/USD daily chart

  • Bulls smash out to the upside from a bullish flag pattern formation, pushing further to highest levels seen since November 2018.  

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