Bitcoin Cash technical analysis: BCH/USD near-term double-top formation
|- Bitcoin Cash on Tuesday is trading firmly in the green, decent gains of some 4.90%
- BCH/USD near-term produces a double-top via the 60-minute view.
- Daily price action is stuck within a narrowing pennant structure.
Spot rate: 319.99
Relative change: +4.90%
High: 324.81
Low: 302.11
BCH/USD 60-minute chart
- Price action formed a double top via the 60-minute chart view. Neckline support area seen back down at around $300.
BCH/USD daily chart
- A daily pennant structure continues to contain the price action, subject to an imminent breakout.
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