Bitcoin Cash technical analysis: BCH/USD vulnerabilities remain largely tilted to the downside
|- Bitcoin Cash price in the second half of Monday is trading in the red, down some 0.70%.
- BCH/USD is stuck within consolidation mode, after the hard selling seen from late June carrier into mid-July.
- Price action has formed a bearish pennant structure, subject to a potential breakout the downside.
Spot rate: 307.98
Relative change: -0.70%
High: 215.11
Low: 205.89
BCH/USD 60-minute chart
- The price is being supported near-term by an ascending trend line, as seen via the 60-minute chart view.
BCH/USD daily chart
- A bearish technical pennant is subject to a potential breakout to the downside.
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