Bitcoin Cash Technical Analysis: BCH/USD consolidates into a technical pattern
|- Bitcoin Cash trades 0.21% lower in a lacklustre session.
- There is a consolidation pattern forming as traders wait for a catalyst for a move.
Bitcoin Cash Hourly Chart
Bitcoin Cash is still bearish on the daily chart but on the hourly chart below the price has formed a consolidation pattern.
Now the market is stuck between 203.52 and 209.02.
The waves at the top of the pattern are descending but we are likely to see a break soon.
Volume has just improved to the upside and a push past 207.50 would break the pattern.
On the downside, there is also a psychological support at 200.00.
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Bitcoin Cash Additional Levels
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