Ken Chigbo
Independent Analyst
- Bitcoin Cash is holding gains of around 3% in the second part of the day on Friday.
- BCH/USD rice action is trying to break back above a breached ascending channel.
- Chunky resistance can be seen in the early $500 territory, a break above is the key to greater gains.
Spot rate: 423.98
Relative change: +3.10%
High: 438.17
Low: 394.82
BCH/USD 60-minute chart
- Price action is moving within consolidation mode, a near-term ascending channel formation.
BCH/USD daily chart
- Bulls must force a break back above a breached supporting ascending channel.
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