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Bitcoin Cash Technical Analysis: BCH/USD bulls power through a bullish pennant pattern, here she goes

Bitcoin Cash holds healthy gains of over 2% during the second half of the session on Tuesday.
BCH/USD make a chunky break through a bullish pennant pattern seen on the 4-hour chart.

Ken Chigbo Independent Analyst

BCH/USD 4-hour chart

Spot rate: 646.7

Relative change: +2.80%

High: 652.0

Low: 624.1

Trend: Bullish

Resistance 1: 654.5, top area 2nd & 3rd September.

Resistance 2: 660.8, 2nd September high.

Resistance 3: 711.1, 7th August high before large selling.

Support 1: 635.7, on top of breached pennant.

Support 2: 628.2, lower part of pennant.

Support 3: 604.2, 2nd September low & 18th August high.

Author

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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