bitcoin

Bitcoin Cash technical analysis: BCH/USD price behaviour is appealing to market bears – FXStreet


  • Bitcoin Cash price on Tuesday is trading in negative territory by 0.50%.
  • BCH/USD price action has done little over the past two weeks, narrowing. 
  • Price action like many of its peers has formed a bearish pennant structure. 

 

Spot rate:                  309.12

Relative change:      -0.50%

High:                         313.07

Low:                          302.93

BCH/USD daily chart

  • The price is moving within a narrowing pennant formation via the daily. It appears to be the calm before the storm, given the two weeks of range-bound trading.  

BCH/USD 60-minute chart

  • Near-term price action is being supported to the upside by an ascending trend line. 



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