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  • Bitcoin Cash on Tuesday is trading firmly in the green, chunky gains of some 5%
  • BCH/USD despite the noted gains in the session, remains stuck within a bearish pennant.  
  • The bulls will need to force a daily closure above, to cancel out the bearish structure.  

Spot rate:                  319.80

Relative change:       +5.10%

High:                          322.83

Low:                           302.11


BCH/USD 60-minute chart

  • Price action gained decent momentum to the upside, following a bounce off a key ascending trend line.  

BCH/USD daily chart

  • Despite daily gains BCH/USD continues to move within a bearish pennant structure.