Bitcoin Cash Technical Analysis: Big whopping gains of 20% - session outperformer
- Bitcoin Cash price on Monday was seen trading with big gains of some 17% in the latter part of the session, after being up as much 20% at one point.
- BCH/USD bulls have managed to aggressively push the price to its highest levels since 10th January.
BCH/USD 15-minute chart
- A minor loss of momentum has been observed attempting to run into the $150 price territory, where sellers are seen.
Spot rate: 144.01
Relative change: +17.25%
High: 148.46
Low: 122.87
Trend: Bullish
Support 1: 120.07, daily pivot point support.
Support 2: 117.27, daily pivot point support.
Support 3: 115.41, daily pivot point support.
Resistance 1: 124.74, daily pivot point resistance.
Resistance 2: 126.59, daily pivot point resistance.
Resistance 3: 129.40, daily pivot point resistance.
BCH/USD 60-minute chart
- Bulls took chunky and consistent strides north after the triangular pattern breakout, the bullish pace kicking off late on Sunday.
BCH/USD daily chart
- A huge spike to the upside observed out from a triangular daily structure.
Author
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.
