Bitcoin Cash technical analysis: BCH/USD trading at a make or break trend line

  • Bitcoin Cash in the latter part of Friday is holding very minor gains of some 0.35%.
  • BCH/USD price action is flirting with a big ascending trend line of support. 
  • To the upside it is very much capped by some chunky supply running from $460-480.

 

Spot rate:                 401.96

Relative change:      +0.35%

High:                        410.58

Low:                         390.72

BCH/USD 60-minute chart

  • Price action via the 60-minute chart view is moving within a narrowing range-block formation. 

 

BCH/USD daily chart

  • The price via the daily chart view continues to flirt with a critical ascending trend line of support. 

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