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. 

 

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.

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