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  • Bitcoin Cash  price late in the session on Wednesday is trading in the green by some 1%.
  • BCH/USD price is heading for a retest of a breached daily pennant pattern structure.  
  • The noted retest could see the price having some trouble heading back into the $300 area.  

 

Spot rate:                  266.40

Relative change:      +0.79%

High:                         277.27

Low:                          261.45

 

BCH/USD 60-minute chart

  • Near-term price action as seen the 60-minute chart view is moving within a bullish flag structure.  

BCH/USD daily chart

  • Price action via the daily chart view is heading for a retest of a breached pennant pattern.