Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, up with small gains of 0.4% the session on Friday.
- BCH/USD price action remains vulnerable as it moves within a bearish pennant structure.
- Trading conditions since 24 September have been very narrow, a lack of commitment at present.
BCH/USD daily chart
- Price action is moving within a bearish pennant structure via the daily chart view, vulnerabilities remain pointed to the downside.
BCH/USD 60-minute chart
- The price via the 60-minute view remains very narrow within a range-block formation, imminent breakout eyed.
Spot rate: 223.50
Relative change: +0.35%
High: 225.32
Low: 217.96
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