Bitcoin Cash technical analysis: BCH/USD fails to build on the upside opportunityUncategorized
- Bitcoin Cash price is trading in the red, with marginal losses of 1.45% the session on Tuesday.
- BCH/USD daily price action is retesting a bearish flag structure which the bulls managed to force a daily closure out of on Monday.
- If the retest fails to hold, then it will likely be another fakeout, as seen in some 10 days ago.
BCH/USD daily chart
The price is retesting a breached bearish flag structure via the daily chart view.
BCH/USD 60-minute chart
Upside momentum has been run its course, as the price runs into heavy hourly supply within $235 region.
Spot rate: 230.58
Relative change: -1.45%