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Bitcoin Cash technical analysis:  BCH/USD remains at risk of bear attack

  • Bitcoin Cash price is trading in the green, up with small gains of 0.4% the session on Friday.
  • BCH/USD price action remains vulnerable as it moves within a bearish pennant structure.
  • Trading conditions since 24 September have been very narrow, a lack of commitment at present.  

 

BCH/USD daily chart

  • Price action is moving within a bearish pennant structure via the daily chart view, vulnerabilities remain pointed to the downside.  

BCH/USD 60-minute chart

  • The price via the 60-minute view remains very narrow within a range-block formation, imminent breakout eyed.  

 

Spot rate:                   223.50

Relative change:       +0.35%

High:                          225.32

Low:                           217.96

 

 

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