Bitcoin Cash Technical Analysis: BCH/USD imminent breakout eyed
|- Bitcoin Cash price on Monday is trading up in very minor positive territory, small gains of just some 0.65%.
- BCH/USD bulls are eyeing a breakout, as the price has formed a bullish pennant pattern.
- Next major area of interest for the bulls will likely be the $600 area, pre-November 2018 fall territory.
Spot rate: 292.81
Relative change: +0.65%
High: 296.06
Low: 286.99
BCH/USD 60-minute chart
- A near-term barrier of supply can be observed at the range of $290-295, capping the bulls for now.
BTC/USD daily chart
- BCH/USD moving within a bullish pennant pattern formation, subject to a breakout.
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