Ken Chigbo
Independent Analyst
- Bitcoin Cash Monday is trading with gains of some 3% in the second half of the day, the bulls continue to storm north.
- BCH/USD broke out from a daily bullish flag structure, inviting a strong wave of buying.
- The bulls have rallied a chunky 40% over the last four sessions, after the strong price breakout from a flag formation.
Spot rate: 366.58
Relative change: +2.77%
High: 371.31
Low: 348.09
BCH/USD 60-minute chart
- Price action via the 60-minute has broken out from a bullish pennant pattern structure, inviting further buying pressure.
BCH/USD daily chart
- Bulls smash out to the upside from a bullish flag pattern formation, pushing further to highest levels seen since November 2018.
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