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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. 

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