Bitcoin Cash Technical Analysis:

Juan Luis M.
Juan Luis M.

Bitcoin Cash price jumped a healthy 6% in the second half of Tuesday's session. BCH/USD briefly started ranging, after the big extension to the upside, with price action forming a bullish pennant pattern.

  • Bitcoin Cash price jumped a healthy 6% in the second half of Tuesday's session. 
  • BCH/USD briefly started ranging, after the big extension to the upside, with price action forming a bullish pennant pattern. 

Spot rate:                   443.6

Relative change:       +6.45%

High:                          451.3

Low:                           412.1

Trend:                        Bullish

Resistance 1:            440.0, upper trend line of pennant.

Resistance 2:            445-446.0, top area of session & area of supply. 

Resistance 3:            452.8, 17th September high.

Support 1:                 438.6, lower part of pennant. 

Support  2:                434.5, support on 15-minute chart.

Support  3:                426.3, lower wick of 16th September low candle.

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