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

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  • 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. 

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