Bitcoin Cash Technical Analysis: BCH/USD bulls break neckline of inverted head and shoulders pattern, eyes on $100 return

• Bitcoin Cash is trading in  negative  territory by 0.80% in the latter part of Thursday.
• BCH/USD price action broke out to the upside from an inverted head and shoulders pattern.  

BCH/USD 15-minute chart

Spot rate:                   95.47

Relative change:       -0.85%

High:                          95.93

Low:                           93.28

Trend:                         Bearish

Support 1:                   95.04, breached descending trend line.

Support 2:                   93.96, daily pivot point support.

Support 3:                   91.31, daily pivot point support.

Resistance 1:              99.58, daily pivot point resistance.

Resistance  2:              102.55, daily pivot point resistance.

Resistance  3:              105.20, daily pivot point resistance.

BCH/USD 60-minute chart

• Price action moving within a horizontal wedge pattern as seen via the 60-minute chart view.  

BCH/USD daily chart

• Movement via the daily time frame is almost lifeless, an extremely narrow range.