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Bitcoin Cash Technical  Analysis: BCH/USD bulls power through a bullish pennant pattern, here she goes

  • Bitcoin Cash holds healthy gains of over 2% during the second half of the session on Tuesday.
  • BCH/USD make a chunky break through a bullish pennant pattern seen on the 4-hour chart.  

 

BCH/USD 4-hour chart


 

Spot rate:                   646.7

Relative change:        +2.80%

High:                           652.0

Low:                            624.1

 

Trend:                         Bullish

 

Resistance 1:              654.5, top area 2nd & 3rd September.    

Resistance 2:             660.8, 2nd September high.

Resistance 3:             711.1, 7th August high before large selling.

Support 1:                   635.7, on top of breached pennant.

Support    2:                  628.2, lower part of pennant.  

Support    3:                  604.2, 2nd September low & 18th August high.

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