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Bitcoin Cash technical analysis: BCH/USD has to break above $350-360 range for greater upside

  • Bitcoin Cash price in the latter stages of trading on Tuesday is trading in the red by some 1.20%.
  • BCH/USD is struggling with a big supply area seen at $350-360 price area.  
  • Price action is moving within an ascending wedge structure, subject to a potential breakout south.  

 

Spot rate:                  342.83

Relative change:       -1.20%

High:                          355.36

Low:                           338.46

 

BCH/USD 60-minute chart

  • Price action near-term is being supported by an ascending trend line via the 60-minute.  

BCH/USD daily chart

  • Price action via the daily chart view is moving within an ascending wedge structure, subject to a potential breakout south.  

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