Bitcoin Cash Technical Analysis: BCH/USD forms a bearish pennant, price looks to party with the bears
|- Bitcoin Cash price was seen down 0.5% on Monday, after the gains made over the weekend proved to be unsustainable,
- BCH/USD has formed a bearish pennant pattern, subject to a drop lower.
BCH/USD 15-minute chart
Spot rate: 0.47752
Relative change: -0.25%
High: 0.48090
Low: 0.47320
Trend: Neutral
Support 1: 742.6, lower part of pennant.
Support 2: 737.8, today’s (Monday) low.
Support 3: 723.0, (support on the 60-minute chart).
Resistance 1: 748.7, 50MA.
Resistance 2: 752.0, upper part of pennant.
Resistance 3: 753.5, 100MA.
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