Bitcoin Cash technical analysis: BCH/USD bullish flag subject to a breakout

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  • Bitcoin Cash price is trading marginally in the green, chunky gains of 1.30% in the second half of Wednesday. 
  • BCH/USD price action is moving within a bullish flag pattern formation, subject to a potential breakout.
  • Next major potential upside eyed up at the big psychological $500 mark.

 

Spot rate:                 393.90

Relative change:      +1.40%

High:                        404.31

Low:                         384.07

 

BCH/USD 60-minute chart

  • BCH/USD via the 60-minute price action is moving within a horizontal wedge structure. 

 

BCH/USD daily chart

  • Price action via the daily chart view is moving within a bullish flag pattern formation. 

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