Bitcoin Cash technical analysis: BCH/USD near-term double-top formation


  • Bitcoin Cash on Tuesday is trading firmly in the green, decent gains of some 4.90%
  • BCH/USD near-term produces a double-top via the 60-minute view.
  • Daily price action is stuck within a narrowing pennant structure.

Spot rate:                  319.99

Relative change:      +4.90%

High:                         324.81

Low:                          302.11

 

BCH/USD 60-minute chart

  • Price action formed a double top via the 60-minute chart view. Neckline support area seen back down at around $300. 

BCH/USD daily chart

  • A daily pennant structure continues to contain the price action, subject to an imminent breakout. 

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