Bitcoin Cash technical analysis: BCH/USD bullish flag subject to a potential breakout
|
- Bitcoin Cash on Tuesday late in the session is trading in minor negative, nursing losses of just 0.10%.
- BCH/USD price action breached a near-term ascending trend line, but buyers protect $400 mark.
- The daily chart view can see the price moving within a bullish flag structure.
Spot rate: 417.69
Relative change: -0.10%
High: 428.89
Low: 410.61
BCH/USD 60-minute chart
- 60-minute chart view saw a breakout of a near-term ascending trend line, price caught by buyers at $400 territory.
BCH/USD daily chart
- Price action via the daily continues to move within the confinements of a bullish flag, subject to a potential breakout.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.