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Bitcoin Cash technical analysis: BCH/USD remains at risk of bear attack

  • Bitcoin Cash price is trading in the green, up with small gains of 0.4% the session on Friday.
  • BCH/USD price action remains vulnerable as it moves within a bearish pennant structure.
  • Trading conditions since 24 September have been very narrow, a lack of commitment at present. 
Bitcoin Cash technical analysis: BCH/USD remains at risk of bear attack
Ken ChigboKen ChigboIndependent Analyst

BCH/USD daily chart

  • Price action is moving within a bearish pennant structure via the daily chart view, vulnerabilities remain pointed to the downside. 

BCH/USD 60-minute chart

  • The price via the 60-minute view remains very narrow within a range-block formation, imminent breakout eyed. 

Spot rate:                  223.50

Relative change:      +0.35%

High:                         225.32

Low:                          217.96

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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