Home Bitcoin Cash Technical  Analysis: BCH/USD has formed a bullish pennant pattern, subject to an extended rally higher
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Bitcoin Cash Technical  Analysis: BCH/USD has formed a bullish pennant pattern, subject to an extended rally higher

  • Bitcoin Cash price is seen down 0.8% on Tuesday, however further upside could be around the corner.
  • BCH/USD price action has formed a bullish pennant pattern, with a possible bull break out eyed.  

 

BCH/USD 60-minute chart

 

Spot rate:                                     796.3.

Relative change:         -0.69%.

High:                            813.0

Low:                             782.6

 

Trend:                          Neutral.

 

Resistance  1:             805.1, upper part of pennant.  

Resistance 2:             810.0,  supply zone.

Resistance 3:             813.0, 17th July high.  

Support 1:                  788.7, lower part of pennant.

Support 2:                  780.0, (support on 60-minute chart).

Support 3:                  774.60, demand zone.  

 

 

 

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