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Bitcoin Cash technical analysis: BCH/USD bulls are locking in a $400 price return in their sights

  • Bitcoin Cash price in the second half of the session on Monday is holding gains of some 3.90%.
  • BCH/USD is enjoying a run north, following a period of consolidation between 14-30th July.
  • The bulls are trying to break down supply within the region of $340-360, which could unlock a $400 return. 
Bitcoin Cash technical analysis: BCH/USD bulls are locking in a $400 price return in their sights
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 349.73

Relative change:      +%

High:                         356.45

Low:                          336.59

BCH/USD 15-minute chart

  • A near-term ascending trend line of support guiding the price action to the north. 

BCH/USD daily chart

  • There is room for greater upside should the bulls clear the $350 price territory. 

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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