Bitcoin Cash Technical Analysis: BCH/USD bullish structure eyed despite losses

• Bitcoin Cash on Thursday was seen nursing chunky losses of around 4.5%.
• BCH/USD price action remains moving within a bullish pennant structure seen via the 4-hour view.  

BTC/USD 15-minute chart

• The significance near-term of that $138 support can be seen via the 15-minute chart view.  

Spot rate:                  

Relative change:     -%

High:                        146.46

Low:                         138.120

Trend:                       Bearish  

BCH/USD 60-minute chart

• A bullish pennant pattern structure is eyed via the 4-hour chart view.  

BCH/USD daily chart

• Price action is consolidating after the strong run of gains of late, key daily support eyed around $138 holding for now.