📈 Daily TA: Bitcoin Cash (BCH/USD)

Hello, dear members of LeoFinance!

Today I want to outline something interesting on the price chart of Bitcoin Cash.

In the 1-hour chart (1H), BCH/USD has formed a Bullish Flag (common trend continuation pattern): As can be seen from the chart, right now, BCH/USD is testing the upper line of the flag. If a breakout takes place then the uptrend may resume.

To be continued ...

As of the time of writing, one BCH costs $663,76 on the Coinbase crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Bitcoin Cash (BCH/USD) | 29-08-2021