Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, with losses of 5.65% in the second half of the session.
- BCH/USD price action is narrowing within a range as part of a bullish pennant.
- Resistance to the upside should be noted at $390, to the downside $375.
BCH/USD weekly chart
The bulls have made tremendous gains over the last six weeks, a chunky barrier should be noted at $400.
BCH/USD daily chart
A bullish pennant is subject to a breakout higher from the bulls via the daily.
Spot rate: 381.92
Relative change: +1.25%
High: 392.27
Low: 374.45
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