Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, with gains of 14.30% in the second half of the session.
- BCH/USD price action has smashed out to the upside from a bullish pennant structure.
- The bulls escaped a mundane range of $390 to the upside, and then $360 to the downside.
BCH/USD daily chart
Price action is breaking out of a narrowing range structure, of which had contained BCH for seven sessions.
BCH/USD 60-minute chart
A range block formation was observed via the 60-minute chart view, which has been strongly broken down by the bulls.
Spot rate: 434.27
Relative change: +14.30%
High: 438.65
Low: 378.06
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