Bitcoin Cash Technical Analysis: BCH/USD price nursing holding gains but struggling to hold momentum
|- Bitcoin Cash price on Friday trading comfortably in positive territory, holding some 1.5%.
- BCH/USD bulls are trying to break back into a breached range-block area.
BCH/USD 15-minute chart
- Price action has formed a bullish pennant pattern structure, subject to a potential near-term spike higher.
Spot rate: 114.62
Relative change: +1.59%
High: 117.14
Low: 110.05
Trend: Bearish
Support 1: 109.79, daily pivot point support.
Support 2: 106.68, daily pivot point support.
Support 3: 101.48, daily pivot point support.
Resistance 1: 118.10, daily pivot point resistance.
Resistance 2: 123.30, daily pivot point resistance.
Resistance 3: 126.41, daily pivot point resistance.
BCH/USD 60-minute chart
- Near-term price action via the 60-minute view is being supported by an ascending trend line, that has been in play since 28th January.
BCH/USD daily chart
- Bulls are attempting to break back into a breached range-block formation.
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