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  • Bitcoin Cash price on Monday is trading up in very minor positive territory, small gains of just some 0.65%.
  • BCH/USD bulls are eyeing a breakout, as the price has formed a bullish pennant pattern.  
  • Next major area of interest for the bulls will likely be the $600 area, pre-November 2018 fall territory.  

Spot rate:                   292.81

Relative change:       +0.65%

High:                          296.06

Low:                           286.99

BCH/USD 60-minute chart

  • A near-term barrier of supply can be observed at the range of $290-295, capping the bulls for now.  

BTC/USD daily chart

  • BCH/USD moving within a bullish pennant pattern formation, subject to a breakout.