Ken Chigbo
Independent Analyst
- Bitcoin Cash on Tuesday is trading firmly in the green, chunky gains of some 5%
- BCH/USD despite the noted gains in the session, remains stuck within a bearish pennant.
- The bulls will need to force a daily closure above, to cancel out the bearish structure.
Spot rate: 319.80
Relative change: +5.10%
High: 322.83
Low: 302.11
BCH/USD 60-minute chart
- Price action gained decent momentum to the upside, following a bounce off a key ascending trend line.
BCH/USD daily chart
- Despite daily gains BCH/USD continues to move within a bearish pennant structure.
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