Bitcoin Cash technical analysis: BCH/USD bulls retest of the breached flag could be punishing
|- Bitcoin Cash price on Tuesday is trading in the red, down some 2.70%.
- BCH/USD price action is retesting a breached flag pattern formation seen via the daily.
- A rejection could be harmful should the bulls fail to break back above.
Spot rate: 316.22
Relative change: -2.70%
High: 326.27
Low: 311.00
BCH/USD daily chart
- Price action broke out of a key flag formation and has since retested and faced rejection.
BCH/USD 60-minute chart
- The price is moving within a narrowing rising wedge structure/flag as the price consolidates, subject to a breakout.
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