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Bitcoin Cash technical analysis: BCH/USD despite session gains price action remains vulnerable given bearish daily technical structure

  • Bitcoin Cash price in the second half of Tuesday is trading in the green, up some 4.50%.  
  • BCH/USD price action remains via the daily view despite the gains is stuck within a bearish flag.  
  • Should the noted structure be capitalized on by the bears, then the price could return to pre-2019 bull run levels.  

 

Spot rate:                  343.98

Relative change:       -1.30%

High:                         341.79

Low:                         327.35

BCH/USD daily chart

  • Longer-term price action remains within consolidation mode via the daily, moving within a bearish flag.  

BCH/USD 60-minute chart

  • Price action via the 60-minute chart has broken out to the outside from a bullish flag structure.

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