BCH/USD technical analysis: Bitcoin Cash breaks technical pattern to move higher

Bitcoin Cash moves 0.89% higher as general sentiment improves today.
There was a key technical pattern break on the hourly chart.

Rajan Dhall, MSTA FX Daily

There has been a break in the triangle formation for Bitcoin Cash. Price has also moved above the psychological 300.00 level.

The trendline resistance was strong as it was rejected 4 times before this break.

The next resistance is 304.23 and above that 313.29.

Volume once again has not been massive but there usually is more leading into Asia.

Price has now made a consecutive higher high and higher low.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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