Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, up 4.00% the session on Monday.
- BCH/USD price action is largely capped to the upside by daily resistance at $230.
- Trading conditions over the last four sessions have been narrow, as the price consolidates.
Spot rate: 227.00
Relative change: +4.00%
High: 230.95
Low: 212.32
BCH/USD daily chart
Price action is moving within a daily pennant pattern formation, expressing potential vulnerabilities to the downside.
BCH/USD 60-minute chart
Supply can be seen acting preventing the price moving beyond $230 via the 60-minute chart view.
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