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Bitcoin Cash Price Analysis: BCH/USD the key for direction is a break above $225-50 range

  • Bitcoin Cash price is trading in the green, with gains of 0.05% in the second half of the session.
  • BCH/USD continues to have problems breaking above a barrier at the range of $225-50. 
  • Commitment is still non-existence, however, the next breakout will be trend defining. 
Bitcoin Cash Price Analysis: BCH/USD the key for direction is a break above $225-50 range
Ken ChigboKen ChigboIndependent Analyst

BCH/USD daily chart

Mixed signals via the daily chart view. The price broke out of a bearish flag, however price action has also formed a bullish pennant via the daily. 

BCH/USD 60-minute chart

Bears are pressing for a breakout of a bearish flag structure via the 60-minute chart view. 

Spot rate:                223.88

Relative change:    +0.05%

High:                        224.21

Low:                         216.20

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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