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Bitcoin Cash Technical Analysis: BCH/USD running towards a potential critical $200 breach

  • Bitcoin Cash price is trading in the red, with losses of 0.70% in the second half of the session.
  • BCH/USD vulnerable to further downside risks as price moves within bearish flag. 
  • The price is at risk of a potential $200 price breach, should the noted structure breach. 
Bitcoin Cash Technical Analysis: BCH/USD running towards a potential critical $200 breach
Ken ChigboKen ChigboIndependent Analyst

BCH/USD daily chart

Price action is moving within a bearish flag structure via the daily chart view, a breach could see $200 broken. 

BCH/USD 60-minute chart

The price is breaking out of a bearish flag via the 60-minute chart view. Multiple time frames indicating further downside to come. 

Spot rate:                   202.35

Relative change:      -0.70%

High:                          204.82           

Low:                           198.40

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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