RATE Group | BCH/USD bulls capitalize on breached bull flag
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BCH/USD bulls capitalize on breached bull flag

04 Nov BCH/USD bulls capitalize on breached bull flag

Posted at 18:09h in Bitcoin News by

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  • Bitcoin Cash price is trading in the red, with losses of 0.50% in the second half of the session.
  • BCH/USD is attempting to make a push for its third consecutive week in the green.
  • A break down of the big $300 price territory, can open the door for greater buying momentum.

 

BCH/USD weekly chart

Price action has extended to the upside, as the bulls attempt another week north of a breached descending wedge structure, or can be perceived as a bull flag. 

BCH/USD daily chart

Heavy supply is observed around the psychological $300 mark via the daily chart view. 

 

Spot rate:                 290.35

Relative change:      -0.50%

High:                         295.00

Low:                          285.14

.

 

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