Bitcoin Cash technical analysis: BCH/USD range block is subject to a big breakout

Bitcoin Cash price is trading in the green, with gains of 3.20% the session on Thursday.
BCH/USD daily price action moving is subject to a potential impulsive breakout.
The big psychological $200 price mark is being tested to the downside.

Ken Chigbo Independent Analyst

BCH/USD daily chart

Price action is moving within a narrowing range block formation, the high up at $240, the low down at $210.

BCH/USD 60-minute chart

Critical near-term hourly supply within the $215 - 217 price territory.

Spot rate: 216.79

Relative change: +3.20%

High: 217.46

Low: 206.45

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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BCH/USD daily chart

BCH/USD 60-minute chart

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