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.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.